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Carlson-Rezidor Group eyes 100 hotels in India by end-2018

Press Trust of India  |  Kolkata 

International is planning to operate 100 hotels across its various brands in by the end of 2018, a top company official today said.

Presently, the group operates 89 hotels across the country and plans to open one hotel every six weeks.

"is the fastest growing market for Carlson and it is the second largest international brand in the country. We currently operate 89 properties across various brands in the country. We plan to add 11 more by this year-end," of told reporters at an event here today.

Rana said that is a growing market and there is plenty of opportunities for international brands to step up their presence in the country.

The Group has 10,000 rooms as of now, and another 1,500 would be added when the number of hotels touches 100.

Rana said besides these 100 properties, another 41 are in the pipeline which are already in construction stage, he said.

He also said that at present, demand for rooms outweighs supply, and the room rates are expected to go up which would result in good return on investments made by the property developers.

The today upgraded the Ballygunje property, which started operations in 2012, into the upscale brand.

The Kolkata property had been developed by city-based Mukti Group, which plans another Carlson in Siliguri.

Carlson-Rezidor has brands like Blu, Red, Radisson, Park Plaza, and Suites and Park Inn.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 18:00 IST