Hong Kong-based hospitality giant Shangri-La Hotels and Resorts has announced plans to expand its portfolio across India. According to industry reports, the company is expected to open five properties in India — the target is to complete the expansion by 2024 with the signing of a new hotel agreement per year.
Shangri-La, which currently owns two properties in India — Shangri- La’s – Eros Hotel, New Delhi and Shangri-La Hotel, Bengaluru, is now eyeing on cities such as Mumbai, Goa, Hyderabad, Chennai and Kolkata for its upcoming ventures.
The new hotels will be run on the basis of a management contract model, however, there is no official confirmation on it yet.
Commenting on India as a market for the hotel brand, John Northen, executive vice president, Shangri-La Hotels and Resorts, Middle East, India and the Indian Ocean said, “India is one of the key markets for the Shangri-La Group. In the last 18 months, we have witnessed a tremendous increase in travellers from India booking our hotels across the world especially Maldives, Istanbul and the Philippines.
“We have also seen a surge in travellers from across the world travelling to India, indicating the country’s rising interest as a popular destination.”