Marriott India to expand luxury portfolio

Hospitality major Marriott India is focusing on developing its luxury hotels portfolio and plans to increase the share of luxury brands to about 35% from the existing 20%, primarily in the leisure segment. The company has signed properties across luxury destinations such as Ranthambore, Shimla, Solan and Udaipur. In less than two years, Marriot has signed 24 hotels, and one-third is in the luxury segment, said area vice president for South Asia, Ranju Alex. He added that Marriott can develop a footprint in the luxury segment and its launch of the St. Regis Goa has been a huge step towards it. The hotels will be launched in Ranchi, Asansol, Maithon and Deoghar under The Le Méridien, Courtyard by Marriott and Fairfield by Marriott brands. It will add 200 hotels to its portfolio in India by 2025 with over 3,500 rooms. Also Read Godrej Properties acquires land in Pune for group housing project Praj and ESIIC enter into agreement to expedite bioeconomy in Egypt