Carlson Rezidor Plans Rapid Expansion in India
Photo courtesy of Carlson Rezidor Hotel Group
The Carlson Rezidor Hotel Group is looking to expand significantly in India over the next two years.
The Press Trust of India (PTI) reported the company is planning to open at least 16 new hotels across the country by the end of 2017.
In addition to Mumbai, the new openings will take place in Bengaluru, Srinagar, Coimbatore, Pune, Kota, Delhi, Chandigarh and Jammu, among other cities.
The group's President of Asia Pacific Thorsten Kirschke told the PTI that India is the most important market in the region. "Going forward the company will see increased development pace in India for the Park Inn by Radisson and Country Inn and Suites brands," added Kirschke.
Since Carlson Rezidor already boasts a strong presence in state capitals across the country, it plans to grow in some second- and third-tier markets where the aforementioned brands will fare better.
Kirschke said the price point of the group's "midscale brands is probably the best match for investors, developers alike."
Kirschke cited India's emerging middle class as the key motivating factor behind the company's ambitious expansion plans.
In addition to Park Inn by Radisson and Country Inn and Suites, the Carlson Rezidor Hotel Group operates the Quorvus Collection, Radisson, Radisson Blu, Radisson Red and Park Plaza brands.
The Minnesota-based company's current portfolio consists of more than 1,400 properties in well over 100 different countries.
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