Hotel brands to add 94,000 rooms in India by 2029

India is witnessing a boom in branded hotel room development, with 94,000 new rooms expected by 2028-29. Driven by rising travel demand, key players like IHCL, Marriott International, and Radisson Hotel Group are rapidly expanding their portfolios, especially in tier 2 and 3 cities, focusing on quality and meeting the needs of a wide range of travelers.

India’s hospitality sector is experiencing significant growth, with both Indian and global hotel chains expanding their footprints.

According to the data shared by hospitality consultancy firm Hotelivate, as of November 2024, around 94,000 new branded hotel rooms are expected by 2028-29, adding to the existing 192,000 rooms. Key players such as Indian Hotels Company (IHCL), Marriott, Radisson, ITC Hotels, Lemon Tree, Hilton, Accor, and Hyatt are driving this expansion.

Manav Thadani, founder chairman of Hotelivate, stated, “Since March and August, the branded inventory that opened is up by about 12,000 rooms, and the new supply pipeline is up by another 5,500 rooms, respectively.”

IHCL, backed by Tata Group, leads with 17,354 rooms set to open in the next three to four years. The company has also launched its ACCELERATE 2030 strategy to expand its portfolio to over 700 hotels by 2030, with revenue targets of Rs 30,000 crore. Marriott International plans to open over 40 hotels, adding 6,500 rooms by 2028, while Radisson Hotel Group has a pipeline of 81 hotels with 7,985 rooms.

ITC Hotels, currently with 140 hotels, aims to expand to 200 hotels by 2030, adding about 5,000 rooms. Lemon Tree Hotels plans to open 70 hotels, contributing 4,700 rooms in the next five years. Hilton has marked 2024 as a year of expansion, with a transformative deal to introduce 150 Spark by Hilton hotels, growing its portfolio to 200 properties. Accor, focusing on key cities like Jaipur and Bengaluru, continues to enhance its presence across India.

Hyatt aims to nearly double its properties in India to 100 by 2029, with eight new hotels set to open by early 2025. This expansion is driven by India’s booming travel sector and a growing demand for premium hospitality experiences.