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Marriott planning to have 100 hotels in India by 2015

BETHESDA — Marriott International Inc. plans to boost its presence in India to 100 hotels by 2015.

The Bethesda-based hotel operator, which has 11 hotels in the country, said Thursday that brands including Ritz-Carlton and Fairfield by Marriott will be used.

Marriott, which has worked in India since 1999, has 23 hotels under construction there. India, like developing economies including China, is experiencing rapid growth that many businesses are trying to help service.

“India has the second largest hotel development pipeline in Asia and is expected to double the number of branded hotel rooms over the next three years to approximately 120,000 rooms,” President and Chief Operating Officer Arne Sorenson said in a statement.

Marriott plans to have 41 hotels in India by 2013, creating more than 8,000 new jobs. Recently signed management agreements for seven hotels include five Courtyard properties, a Marriott hotel and a Renaissance property.

Marriott has more than 3,500 properties in 70 countries and territories. This month, the company said its board more than doubled its quarterly dividend to 8.75 cents.

2 comments

  1. It is very good idea to spread your business all over India, because India is fast growing country and also there are too many tourist spots.

  2. This is good news for the India.Tourism industry is the one of the most developing industry at a present time.This sets new aspects of travel.Moreover it provide employment to many people.Thanks for sharing this terrific information.