Marriott plans 47 properties by 2017

Marriott plans 47 properties by 2017

Marriott plans 47 properties by 2017

Marriott Hotels India has envisaged a major expansion drive in the country going upto 2016-17. The American hospitality company will be opening 47 new properties, across brands, in India in the next 3-4 years taking the total capacity to 10,000 rooms.

Addressing reporters at the opening of the company’s 20th property - JW Marriott Bengaluru - on Wednesday, Marriott Area Vice-President (South Asia and Australia) Rajeev Menon said, “We have five of our 23 brands operating presently in India. As part of expansion, we plan to open 18 Courtyard properties, two to four JW Marriott properties, four to five Marriot properties, five Rennaissance properties, one executive apartment property and 12 fairfield properties, among others, across the country.”

Menon said that by the end of this calendar year, the company will have presence in new markets.

“Presently, Bangalore has a Courtyard and a JW Marriott. This year we opened new properties in Mumbai, New Delhi, Pune and Chandigarh,” he said, adding that by December 2013, the company will have a total of 5,000 rooms in the country.

Marriott has specific plans for Bangalore. Having already opened two properties here, Marriott will be adding a Fairfield and a Ritz Carlton soon to its portfolio. “We will have 1,000 rooms in Bangalore by the end of this year,” he said.

JW Marriott Bengaluru has been developed by The Advantage Raheja Group at a cost of around Rs 750 crore, at an average of Rs 2 crore per room. The 297-room hotel will offer an array of six dining options, a luxury spa, fitness centre and more that 10,500 sq feet of meeting space.

Talking about the Indian hotel business, Menon said, “Across India, the slowdown has impacted the industry resulting in low occupancy. Even the industry revenue per available room (RevPAR) has declined 5 per cent this calender year as compared to last year. Marriott, however, has enjoyed 5 per cent more RevPAR compared to the industry, due to which we carry a 16-18 per cent premium to our competitors across India.”