Radisson Hotel Group Eyes 500 Hotels in India by 2030, Expands to 47 New Cities

Radisson Hotel Group has declared India as one of its most dynamic and strategic growth markets, pushing for aggressive expansion. The hospitality chain has extended its reach into 47 new cities across India over the past 18 months, marking a substantial increase in its footprint. This growth was fueled by 59 new property signings within the same period. Currently, Radisson Hotel Group operates more than 130 hotels in India and has over 70 properties in the pipeline for development. The company has set an ambitious target of operating up to 500 hotels in the region by the year 2030. This expansion strategy is designed to deepen the group's presence and broaden access to hospitality services, catering to various travel needs including leisure, business meetings, and the growing segments of spiritual and experiential tourism.

Impact This expansion by Radisson Hotel Group is expected to boost the hospitality sector in India, particularly in emerging Tier-II and Tier-III cities. It will likely lead to increased competition, potentially driving service quality and innovation. The growth also signifies investor confidence in India's tourism and travel market, which could encourage further investment in the sector. Indirect impacts may be seen in related industries like construction, food and beverage, and local employment. The rating for the impact on the Indian stock market, specifically the hospitality and real estate sectors, is 7/10.

Difficult Terms: Tier-II cities: These are cities that are neither the largest metropolitan centers (Tier-I) nor the smallest towns (Tier-III), often serving as important regional hubs. Tier-III cities: These are smaller cities or towns that are typically less developed economically and in terms of infrastructure compared to Tier-I and Tier-II cities.