Business Daily from THE HINDU group of publications
Sunday, Jul 01, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Outlook
Marriott plans expanding base in India

Our Bureau

Mumbai, June 30 Marriott International Inc, a US-based hotel company, would manage 15 more properties in India, taking the total count to 21 by 2010.

Addressing a press conference on Friday, the company said it would be cashing in on rising business and leisure travel in the country.

Currently, Marriott operates six properties spread over Mumbai, Goa, Hyderabad and Chennai with a room strength of 1,534.

The additions will take the total number of rooms to 5,224 by 2010, the company said.

Marriott manages nearly 2,900 hotels around the world under brands, including Ritz-Carlton and Residence Inn.

Of the 15 Marriott hotels, eight will be Courtyard hotels, said Mr Geoff Garside, Executive Vice-President of Asia Pacific.

The hotel operator feels that Courtyard, its brand between four-star and five-star category, would find better space with the growing purchasing power of the Indian middle class.

“If you look at markets like China and India, most operators are coming in at the higher end. But we have seen our Courtyard brand growing more quickly, as it meets the needs of the middle management that is travelling more often,” he told newspersons.

The upcoming hotels, apart from Courtyard brand, also include JW Marriott, Renaissance, Ritz-Carlton and Marriott Executive Apartments opening in Bangalore, Gurgaon, Noida, Kolkata, Hyderabad, Ahmedabad and Pune.

Mr Garside added the company “would love to have leisure resorts in Rajasthan and Kerala too”. Marriott, like most global hotel chains, is planning to expand or set up a base in India, undertakes management contracts for running hotels as the real estate prices soar in the country. In fact, of its total international presence, Marriott owns just around 10 hotels, Mr Garside said.

More Stories on : Outlook | Hotels

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Vidula Jalan to get Mangalam Timber Products


UK publishing house setting up base in India
Gayatri Projects issues yen bonds
Heritage Foods proposes dividend
As a sector moves from early stage to maturity, PE activity broadens
Pharmalink buys Lilly’s brand
Cranes Soft buys Proland, Caravel
Lumax plans production facility in Thailand
Lenzing, Modi Group in pact for viscose plant
Ansal Properties makes Rs 2,000-cr hospitality foray
Roadmap for Mahindra’s US entry with Scorpio
M&M plans doubling exports every year
Marriott plans expanding base in India
IL&FS plans 4,000 MW power project in TN


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line