Indian hospitality chains plan global expansion; Leela latest

With Indians travelling the globe more than ever, Indian hospitality chains are following suit. From West Asia to the United Kingdom, Indian hotel brands are spreading their wings.

- AKSHARA SRIVASTAVA

Last week, luxury hotel chain Leela Places, Hotels and Resorts announced its global debut after it received board approval to sign binding agreements to acquire a 25 per cent stake in a luxury beachfront resort at Palm Jumeirah in Dubai.

"This aligns with our long-term strategy to expand the Leela brand globally and diversify our revenue stream, reinforcing our commitment to sustainable value creation," the management said while making the announcement.

While this was Leela's global debut, several Indian hospitality chains have announced their global foray in the recent past.