To cash in on the growing Indian economy, Marriott International, promoters of JW Marriott and Ritz Carlton plans to triple its hotel portfolio in India by 2010 by adding 15 properties and earn $150 million in revenue from Indian operations.
The company has currently 6 Marriott properties which are JW Marriott Hotel Mumbai, Goa Marriott Resort, Hyderabad Marriott Resort, Renaissance Mumbai Hotel, Lakeside Chalet Marriott Executive Apartments and Courtyard Marriott Hotel, Chennai.
Of the 15 Marriott hotels scheduled to open, three will be JW Marriott and Ritz-Carlton in the luxury tier, one Marriott and Renaisssance, one Marriott executive apartments for extended stay travelers and eight Courtyard hotels. These would come up in metro cities of Mumbai, Goa, Hyderabad, Chennai, Bangalore, Gurgaon, Noida, Kolkata, Ahmedabad and Pune.
The company is laying more emphasis on the upper moderate segment of business travelers by opening more Courtyards than 5 star properties as there is a substantial demand for business hotels due to growing number of middle management and senior executive traveling, especially in IT and BPO friendly cities.
Find this article at: http://www.labnol.org/india/corporate/marriott-to-triple-its-indian-properties-focus-on-top-tier-cities/733/
web: http://www.labnol.org/ email: amit@labnol.org
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