A view of a unit of Hotel Hyatt Regency in Chandigarh. | Photo credit: AKHILESH KUMAR
Global hotel chains are rushing to expand in India, thanks to a post-pandemic revival in leisure travel among wealthier consumers.
“Given the growth of the industry, I would say that in five years we should have five times the number of hotels we have today because that is what the market would justify,” said Mark S. Hoplamazian, president and CEO of Hyatt Hotels at the HOPE conference in Goa.
Hyatt, which operates 55 hotels in India across cities including New Delhi, Mumbai and Bengaluru, had previously set a target of expanding its network to 100 properties by 2030. Hyatt has more than 1,400 hotels worldwide.
According to consultancy Mordor Intelligence, India’s population growth, rapid urbanization and rising travel ambitions mean the industry is expected to almost double by 2031 from $23.5 billion in 2025 to $55.7 billion.
Rivals are also expanding. Hilton Worldwide said last year it plans to quadruple its Indian pipeline of hotel rooms in five years, while Leela Hotels said on Friday its fiscal 2027 outlook depends on prosperous demand and a shortage of luxury rooms in the country.
“India is a place to invest, it is a long-term gamble,” Hoplamazian said.
Published on February 27, 2026
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