From next year, we will open 10 hotels every year

The hotel industry recorded a -29% jump from the pre-Covid benchmarks in revenue per available room (RevPar) last year, a key metric to gauge the financial health of the sector.

- SUNJAE SHARMA, MANAGING DIRECTOR, HYATT INDIA

Sunjae Sharma, managing director, Hyatt India, tells Hararaj Baggonkar that the hotel major will not just launch new properties in the coming years but new brands as well. Excerpts:

What’s the hotel pipeline for Hyatt looking like?

We have 52 hotels now and will be opening 7 this year and close to 10 hotels every year from next year. We had 21 signings in 2024 and aim to have 100 hotels by 2030. We will have more than 50 hotels in the next five years.

What are the locations you are looking at?

The demand is mostly from domestic customers, so we are tracking them and that’s where we are going. We are looking at tertiary cities and we are also looking at other destinations.

What brands will be used for the expansion?