44,119 rooms in pipeline, 15.4% increase on existing supply: STR on India

SRThere 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, said STR Spokesperson- data and analytics specialist in an exclusive interview to Hospitality Breaking News. 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.