In a strategic move set to reshape its growth trajectory in India, Marriott International has announced plans to acquire a significant stake in Concept Hospitality, a Mumbai-based hotel management company. This marks Marriott’s first direct investment in the Indian hospitality sector, signaling a bold approach to scaling operations in one of the world’s fastest-growing hotel...
According to a report by ET, India’s hospitality sector is booming, driven by surging domestic travel and rising affluence. Major hotel chains are making bold investments to expand their portfolios. Dangayach Group is planning to add over 2,000 rooms, while Ambuja Neotia Group is heavily investing in West Bengal. With robust demand in tourism, weddings, and MICE (Meetings, Incentives,...
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