295 properties, 44,119 rooms in India’s pipeline, 15.4% growth on existing supply: STR

VG Professional PicHotel industry in India is growing at a consistent yet rapid pace. Vidhi Godiawala, Business Development Manager, STR, speaking on the future of the Indian hotel market says, “There are currently 295 properties and 44,119 rooms in India’s pipeline, representing a 15.4% increase on existing supply. The majority of this growth is expected to come from international brands. The growth of a number of established international hotel brands has been evident in India over the past 7 or 8 years and is showing little sign of stopping. In September 2018, IHG announced their goal to have 150 Indian hotels (both operational and in the pipleline), within 2 to 3 years, while Hyatt announced plans to open 14 new hotels over the next 2 years in March 2019. As recently as April of this year, Marriot stated that it has 50 hotels in the pipeline and could open more than that.”