Chain Reaction: More hotels coming to a town near you
Indian and global hotel chains are aggressively expanding, aiming for milestone hotel numbers by 2030. Fueled by India's strong GDP growth, infrastructure development, and rising consumer affluence, IHCL targets 700 hotels, while Radisson aims for 500. Marriott plans 50,000 rooms, and ITC Hotels envisions over 200 properties, signaling unprecedented growth in India's hospitality sector.