Friday, June 29, 2007

Marriott To Expand in India

Number of hotel rooms, Las Vegas, Nevada: 132,605

Number of hotel rooms, entire country of India: 100,000

From today's NY Times:

"Marriott International Inc., the top U.S. hotel operator, said today it would more than triple its hotel portfolio in India by the end of 2010 as it cashes in on rising business and leisure travel. Marriott, which manages nearly 2,900 hotels under brands including Ritz-Carlton and Residence Inn, will manage 21 properties by 2010 in India's underserved market (Marriott Mumbai pictured above)."

From today's Hindustan Times:

"The Marriott properties in India will cut across Mumbai, Goa, Hyderabad, Chennai, Bangalore, Gurgaon, Noida, Kolkata, Ahmedabad and Pune. In all, the 21 properties will offer 5,222 rooms. The idea is to cater to all kinds of demands, both from customers within India as well as from other countries."

Bottom Line: As globalization and outsourcing increase India's income and standard of living, its demand for U.S. products and services increases. Exhibit A: Marriott's expansion in India.


At 6/30/2007 12:04 AM, Anonymous Anonymous said...

Here is India, this low supply of hotel rooms has made the situation of normal travelling people miserable. And hoteliers are minting money like crazy.

I live in Mumbai and during peak season a typical decent hotel ( 3-star to 4-star) charges around $300 per day. If you take purchasing power parity of 1:9, then for an Indian , it is akin to shelling out $2,700.

At 12/27/2007 4:06 AM, Anonymous Anonymous said...

Kolkata is a cosmopolitan city where people, technology and ideas have blended together with the socio-political culture to give the city a new shape. Kolkata is the second largest city of India The city is full of historical monuments and palaces and is called the “City of Palaces”. The city in a short span, about 400 years, has evolved into one of the major commercial areas and a great learning centre in the sub continent. Kolkata provides enormous opportunities in economy, industry, education, culture, and tourism. The University of Calcutta is one of the oldest universities in India, which celebrated its 150 years of excellence in learning in 2006-7. Your trip to Kolkata would be an ever lasting experience because there are many interesting places to visit like Howrah Bridge, Birla Planetarium, Kali Temple, Marble Palace, Eden gardens, Botanical garden, Birla Mandir, etc. The best time to visit Kolkata is the month of September to March. Your visit to Kolkata would be further enlightened by having a perfect stay at Fortune Hotels in Kolkata. This hotels in Kolkata have 71 rooms at the hotel including 34 Standard Rooms, 23 Fortune Club Rooms and 14 Suites. These have been tastefully done up in contemporary style décor. The rooms are spacious, contemporary and smart. They boast of a carefully crafted blend of aesthetics and modern amenities and are well equipped with a complete range of amenities including cable TV, electronic safe, wi-fi connectivity, tea/coffee making facilities and much more. The business travelers would find this business hotels in Kolkata as ideal venue for conferencing, meetings, interviews, seminars, etc. The hotel offers a choice of F&B outlets.

Zodiac: The 18 hrs coffee shop bringing the best of world cuisines together. The name draws from the Fortune brand itself and offers the right mix of food for people belonging to all sun signs. It offers a lavish spread of breakfast, lunch and dinner, apart from the delectable all day menu.

Fortune 5000:This is a bar in a contemporary and relaxing setting offering excellent selection of spirits, wines and beers. Also serves snacks and cold beverages mocktails and savoured amid lively music.
Chai Bar & Lounge: A Lounge Tea Bar with a Pastry Shop. A perfect place to relax & unwind while sipping through a selection of garden-fresh teas and organic teas in a comfortable setting.


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