Published On:April 13 2015
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Marriott International to open 52 hotels in India in 5 years.
Marriott International Inc, which has opened its second JW Marriott hotel in the city, aims to add 52 more properties in India over 5 years to tap into the growing demand for quality hotels.
It has 28 properties in India.
'As the economy grows there will be growth in the hospitality sector as well. We are planning to add another 52 properties with 10,000 rooms in the country, which we hope will be operational in the next 3-5 years. This expansion will be more in Fairfield and Courtyard by Marriott brands,' Marriott International President and CEO Arne M Sorenson said.
Last year, the industry revenue per available room (RevPAR) was 0.8%, while the Marriott's RevPAR stood at 8%. He said.
'Looking at last year performance, we clearly outgrew the market. All our brands continue to out perform the market. In 2015, we expect to be a good year,' he added.
Currently, the US-based hospitality major has 7,000 rooms under its 7 brands in India.
In India, Marriott International currently operates brands like JW Marriott, Courtyard by Marriott, Marriott Hotels, Fairfield by Marriott, Marriott Executive Apartments, Renaissance Hotels and The Ritz Carlton.
Globally, Marriott International has 20 brands.
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