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Hyatt eyes tier-II India for next 50 hotels

April 07, 2025

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Mint New Delhi

Hyatt Hotels will open new properties in India and Southwest Asia, targeting growing domestic demand for experience-led stays and expanding into leisure and business hubs even as international arrivals have yet to pick up.

- Varuni Khosla

Hyatt eyes tier-II India for next 50 hotels

The hospitality group plans to add seven more properties to its 50 hotels in India in 2025 and aims to reach 100 by 2030, according to Sunjae Sharma, managing director for the company in India and Southwest Asia. "There is a huge upside to the hotel industry in the coming years in India."

The supply of new hotels in the country is being absorbed faster than expected even without the boost of international business, said the country head of the company that operates brands like Hyatt Regency and Alila Diwa.

"International travel has still not come back and India's travel is still primarily driven by domestic consumption," he said. "Corporate business is not back yet, but domestic travel is still not relenting. This is fuelling demand in India."

المزيد من القصص من Mint New Delhi

Mint New Delhi

Mint New Delhi

India, 5 Nordic countries ink green tech pact

India and the Nordic countries on Tuesday established a Green Technology and Innovation Strategic Partnership to drive cooperation in areas ranging from energy security to digital infrastructure as Prime Minister Narendra Modi and the five regional states underscored the importance of trust-based ties in an era of geopolitical turbulence and uncertainty.

time to read

1 min

May 20, 2026

Mint New Delhi

Mint New Delhi

Advent to invest $150 mn for Balaji minority stake

Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods Pvt. Ltd (IBF), one of India’s top potato processors, a joint statement said Tuesday.

time to read

1 mins

May 20, 2026

Mint New Delhi

How to get the best value for money for your EV

EVs are no longer futuristic alternatives—they are financial hedges against fuel volatility

time to read

4 mins

May 20, 2026

Mint New Delhi

Afloat, but investors restless

Vodafone Idea trimmed its loss before tax and exceptional items by 13% sequentially to ₹5,515 crore in the March quarter (Q4FY26).

time to read

2 mins

May 20, 2026

Mint New Delhi

Mint New Delhi

AIFs seek easier accreditation rules, sharper incentives

India’s alternative investment funds are seeking to widen access to a small but fast-growing pool of wealthy investors, arguing that a cumbersome accreditation system and limited incentives are slowing participation even as the sector grows quickly.

time to read

1 mins

May 20, 2026

Mint New Delhi

ITALY & INDIA: STRATEGIC PARTNERSHIP FOR INDO-MEDITERRANEAN

The relationship between India and Italy has now reached a decisive stage, evolving from a cordial friendship into a special strategic partnership grounded in the values of freedom and democracy, and a common vision for the future.

time to read

4 mins

May 20, 2026

Mint New Delhi

How grief on social media now includes the mourner

When a beloved celebrity passes, mourning them in public can become a way of showing one's proximity

time to read

3 mins

May 20, 2026

Mint New Delhi

BPCL reports flat Q4 profit

State-owned Bharat Petroleum Corp. Ltd (BPCL) on Tuesday reported a flat net profit in the quarter ended 31 March after it took an impairment loss of ₹4,349 crore on its upstream assets.

time to read

1 min

May 20, 2026

Mint New Delhi

RIL explores BESS parts deal with CATL

Reliance Industries Ltd is in talks with Chinese battery behemoth CATL and other global suppliers to procure parts for battery energy storage systems (BESS), according to people familiar with the matter, as India’s largest company seeks to advance its renewable energy ambitions in the face of China’s tech curbs.

time to read

1 min

May 20, 2026

Mint New Delhi

Rupee hits new low of 96.70 per dollar

The rupee descended for the eighth consecutive session and ended 50 paise down at its lowest-ever level of 96.70 against the US dollar on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion.

time to read

1 min

May 20, 2026

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