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Hyatt aims to have over 10,000 keys in its 40th year of India presence

Following the waning of the Covid-19 pandemic last year, Hyatt saw an 'industry leading' performance of revenue per available room (RevPar) recovering at 125% of 2019 levels in quarter four (October-December) last year, said Sunjae Sharma, MD, India and Southwest Asia at Hyatt India Consultancy Pvt Ltd in an interview to ET.

From January to March this year, the company has seen a nearly 175% growth in its leisure group business and an 80% growth in its corporate group business compared to quarter one of 2019.

Sharma said in its 40 year of operations in India, Hyatt aims to cross the milestone of 50 Hyatt branded properties in the country by the end of 2023 besides crossing the 10,000 keys mark. The chain currently has 41 hotels across eight brands and a total of over 8500 keys in India. Hyatt will launch its global JdV by Hyatt brand in India in July.

“We understand what domestic demand can do. The good part is the performance has already crossed 2019 levels. I don’t see this trend going down in the near future. And we haven’t seen international demand coming in its full scope yet,” he added.

Some of Hyatt’s key openings in 2023 include the Hyatt Centric Rajpur Road Dehradun; Hyatt Centric Hebbal, Bangalore; Hyatt Centric Ballygunge, Kolkata; Hyatt Regency Kochi Malayatoor Resort; Hyatt Place Bodh Gaya; Hyatt Place Goa Candolim; and Ronil Resort Goa, a part of JdV by Hyatt.

Projects for 2024 include Hyatt Place Haridwar; Hyatt Place Vijaywada; Hyatt Regency Kasauli and Hyatt Regency Ghaziabad.

Sharma said for the first time in the chain’s history, 2022 saw the opening of nine Hyatt hotels in a single year.

“Every year in the next few years is going to be a benchmark year because we will end up opening more hotels. We might open more hotels next year. The confidence of investors is such that they are looking (for assets) based on what guests are doing and where they are travelling. They are looking at tier two, tier three cities,” said Sharma.

“For instance, there was an investor who believed in our potential during the pandemic and opened an international branded hotel in a location like Bharuch, and is now reaping the rewards of that opening,” he added.

Hyatt’s current portfolio in Southwest Asia consists of 43 properties (41 in India and 2 in Nepal) across eight brands such as Andaz, Alila, Hyatt, Hyatt Regency, Hyatt Centric, Hyatt Place, Park Hyatt and Grand Hyatt. The chain is also entering Bangladesh with the Hyatt Place brand in Dhaka.

In 2022, Hyatt announced the introduction of The Unbound Collection by Hyatt brand in India with the signing of a management agreement for the Noor-Us-Sabah Palace in Bhopal. The property will undergo extensive refurbishment and is slated to debut as a 60-room heritage hotel in 2025.

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