Delhi-NCR and Mumbai are likely to witness significant increase in supply of hotel rooms with addition of nearly 6,800 keys by the end of 2015, according to a report by realty consultant Cushman & Wakefield.
Marriott International's luxury hotel brand, JW Marriott Hotels & Resorts, plans to open three properties in Greater China and one hotel in India by summer 2015 bringing the brand's Asia-Pacific portfolio to 28 hotels and resorts with 11 in China and seven in India. By 2020, the global brand portfolio is expected to encompass 105 properties worldwide, 45 of which will be located in the Asia-Pacific region.
Louvre Hotels Group, Europe's No. 2 budget operator, will invest over $100 million (about Rs 600 crore) in the Indian hospitality space over the next three years, a top company executive said.
International hospitality brand Carlson Rezidor is mulling introducing two more brands, Quorvus and Radisson Red, in India.