Hyatt Plans to Quintuple India Hotel Count Within Five Years

Hyatt Hotels plans to quintuple its India footprint over five years. CEO Mark Hoplamazian cited rising domestic travel and spending as key growth drivers.

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Hyatt Hotels Corporation is targeting a five-fold expansion of its presence in India over the next five years, according to the company's chief executive. The United States-based hotel operator is positioning itself to capitalize on a surge in domestic travel and rising consumer spending in the world's most populous nation.

The logo of Hyatt Hotels Corporation is pictured at the International Tourism Trade Fair in Berlin, Germany. REUTERS/Fabrizio Bensch
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