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A Marriott executive says the hotel chain is betting big on this market
Business Insider· 2025-11-26 00:08
Core Insights - Marriott International is planning to significantly expand its presence in India, aiming to double its footprint from 48 to 90 cities, reflecting the country's booming economy and tourism potential [1][3][11] Expansion Plans - The company has over 150 hotels in the pipeline in India, in addition to the 160 hotels currently in operation [2] - Marriott is focusing on both major metropolitan areas and tier two and three cities, with initiatives like "Series by Marriott" to add 115 properties [4] - The expansion is driven by improvements in India's infrastructure, including an increase in the number of airports from 50 to 150, with plans to add another 200 [5] Market Potential - India has a large, young, and affluent population, which is expected to drive domestic and international tourism [3] - The Indian travel market is projected to grow significantly, with McKinsey estimating that Indian tourists could make 80 million to 90 million trips annually by 2040, up from 13 million trips in 2022 [7] - Morgan Stanley forecasts that India's consumption of goods and services, including leisure and recreation, will double to $4.9 trillion by the end of the decade [8] Strategic Partnerships - Marriott is enhancing its partnerships with local entities, including launching a co-branded hotel credit card with HDFC Bank and a joint loyalty program with Flipkart [12] Comparative Market Insights - Marriott's strategy in India is informed by its experiences in China, with the company viewing India as being in a similar position to China 10 to 15 years ago [11] - Despite the focus on India, Marriott maintains its commitment to other Asian markets, including China, which remains a significant source market for travelers [10]
Whitbread fast-tracks Vauxhall office conversion
Theconstructionindex.Co.Uk· 2025-11-18 07:40
Core Insights - Whitbread has commenced construction to convert Phoenix House in Vauxhall, London into a 180-bedroom Premier Inn hotel, following an agreement on a lease just eight months prior [1][3] - The site was acquired as part of Whitbread's London expansion program for Premier Inn, with a 30-year lease agreement signed with Lambeth Council [2][4] Group 1 - The conversion involves leasing a 10-storey, 7,469 sqm former office building from Lambeth Council, with planning permission secured 20 weeks after the lease agreement [2] - Construction work has begun with the aim to open the hotel in early 2028, and strip-out works are expected to be completed by Easter 2026 [3][5] - Whitbread is actively seeking similar opportunities for expansion across London, emphasizing the benefits of converting vacant office buildings into hotels [5] Group 2 - Jonathan Langdon, senior acquisition manager for Whitbread, highlighted the successful partnership with Lambeth Council that facilitated the rapid acquisition and planning process [4] - The location is strategically positioned opposite Vauxhall underground station, which is expected to attract customers [5] - The project aligns with Whitbread's goal of sustainable development by repurposing a former office building [5][7]
Hyatt Announces Plans for Hyatt Place Bhuj, Expanding the Hyatt Place Brand in Gujarat
Hospitality Net· 2025-11-04 10:08
Core Insights - Hyatt Hotels Corporation has signed an agreement for the development of Hyatt Place Bhuj, marking the brand's entry into Bhuj, Gujarat, India, with an expected opening in 2029 [1] Group 1: Project Details - Hyatt Place Bhuj will be developed on a site of approximately 7,500 square meters and will feature 125 guest rooms designed for style, innovation, and comfort [1][2] - The hotel will offer various facilities including an all-day restaurant, lobby lounge, conference spaces, breakout meeting rooms, outdoor dining options, and flexible event facilities [2] Group 2: Brand Strategy - The design of Hyatt Place Bhuj will focus on intuitive design and practical amenities, such as free Wi-Fi and 24-hour food offerings, facilitating a smooth transition from work to relaxation [3] - This project reflects Hyatt's commitment to expanding its Hyatt Place portfolio in key Indian markets, emphasizing guest-centric hospitality in high-growth destinations [3]
Cambria Hotels Expands with New Openings in California, Florida, Massachusetts, and Oregon
Prnewswire· 2025-08-19 12:00
Core Insights - Cambria Hotels is experiencing growth in both high-demand and emerging markets, with nearly 60 hotels in the pipeline, including new openings in Times Square, NY, and Fort Worth, Texas, as well as its first Canadian property in Thunder Bay, Ontario [1][12] - The upscale portfolio of Choice Hotels now exceeds 110,000 rooms globally, reflecting a 15% year-over-year increase, with nearly 29,000 more rooms in development [1][12] - Cambria Hotels is positioned to attract travelers in aspirational destinations, supported by a commitment to brand success and resources for developers [2] Company Overview - Cambria Hotels offers a distinct experience for modern travelers, featuring contemporary design, spacious rooms, flexible meeting spaces, and locally inspired food and beverages [13] - The brand has over 70 hotels open in major U.S. cities, including Chicago, New York, and Los Angeles, and was ranked 1 in the upscale segment in the J.D. Power 2023 North America Hotel Guest Satisfaction Index Study [13] Specific Properties - Cambria Hotel Templeton in California features 132 rooms, powered by solar energy, and offers curated experiences like ziplining and wine tastings [3][4] - Cambria Hotel Tampa, with 104 rooms, serves as a launchpad for cruise adventures and city exploration, offering a Snooze & Cruise Package [5][6] - Cambria Hotel Plymouth, with 107 rooms, reflects coastal Massachusetts' beauty and is located near historical landmarks [7][8] - Cambria Hotel Portland, the first property in Oregon, features 178 rooms and nearly 1,400 sq ft of meeting space in the Pearl District [9] Rewards Program - Cambria Hotels participates in the Choice Privileges rewards program, allowing members to earn and redeem points for reward nights at over 7,000 Choice-branded hotels [10]