Radisson Hotel Group Targets 160 Hotels and 19,500 Keys in India by 2026
Radisson aims 160 hotels, 19,500 keys in India by 2026-end: South Asia MD
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Radisson Hotel Group plans to expand its presence in India, aiming for 160 operational hotels and 19,500 keys by December 2026. Currently operating 142 hotels, the group is confident in reaching its target of 500 hotels by 2030, despite mixed impacts from the ongoing West Asia crisis.
- 01Radisson aims for 160 hotels and 19,500 keys in India by December 2026.
- 02Currently, the group operates 142 hotels and has 84 under development.
- 03The hospitality sector is seeing resilient domestic demand from Tier 2 and Tier 3 cities.
- 04There was a 27-28% decline in RevPAR in select metro cities due to external factors.
- 05The target of 500 hotels by 2030 remains on track despite market challenges.
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Radisson Hotel Group is set to significantly expand its footprint in India, with plans to increase its portfolio to 160 operational hotels and 19,500 keys by December 2026. Currently, the group operates 142 hotels and has 84 more under development, indicating a robust pipeline for future growth. Nikhil Sharma, Managing Director and Chief Operating Officer for South Asia, stated that the group is on track to achieve its ambitious goal of 500 hotels in India by 2030. Despite facing challenges from the ongoing West Asia crisis, particularly in major metropolitan areas, demand remains strong in Tier 2 and Tier 3 cities. Notably, a 27-28% decline in revenue per available room (RevPAR) was observed in some metro cities, but the overall domestic demand is providing a buffer against these fluctuations. The performance in April will be crucial for evaluating the recovery trajectory.
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The expansion of Radisson's hotel portfolio is likely to create job opportunities and stimulate local economies, particularly in Tier 2 and Tier 3 cities.
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