Carlson Rezidor plans over 130 new hotels in India by 2024
Jun 29 2014 , New Delhi
The chain, which currently runs hotels under brands Radisson
Blu, Radisson, Park Plaza, Park Inn by Radisson, Country Inns & Suites By Carlson in India, will focus mostly on mid-scale hotels under management contract.
"We plan to open over 130 new hotels across India by 2024. We already have 68 hotels that are operational in the country," Carlson Rezidor Hotel Group South Asia Chairman K B Kachru told PTI.
The new hotels will be across the brands that the company has in India but the focus will be mainly on the midscale segment as it has more demand and significant potential, he added.
"The new openings will be primarily be of Park Inn by Radisson and Country Inns & Suites By Carlson. Given the nature of Indian market, we are laying lots of emphasis in the mid-segment brands," Kachru said.
On being asked about the probable locations for these hotels, he said they would be in mini metros, tourist and religious destinations.
The hospitality major is also looking at introducing its luxury brand 'Quorvus Collection' in India.
When asked about the investments and business model the company will follow for expansion in India, Kachru said: "The hotels will be under the hotel management agreement. Our investment is mainly in developing human capital, technology and the sales network".
The company believes that the potential for the hospitality business in India is huge and is bound to grow.
"There is a huge middle-class and above population here. With the development of new tourist sectors, the potential here is immense for the hospitality industry."
Carlson Rezidor Hotel Group has a portfolio of more than 1,340 hotels in operation and under development with presence in over 100 countries.