Home page

Wyndham in India for long term, will introduce more brands: CEO

DELHI

Wyndham Global President and CEO Stephen Holmes

Leading US based hospitality major Wyndham Worldwide, plans to introduce more brands from its portfolio in the India market over the next two years. The hotel group’s Chairman & CEO Stephen Holmes said that given its mid-market positioning, the India market with large middle class base, is very well suited for exposure to their mid-scale brands on the the sidelines of RCI annual conference in Agra recently.

Holmes added that the number of middle class Indians was projected to reach 200 million by 2020. They would not all want to stay at luxury hotels when they travel. “Wyndham can offer great combination of products with good value propositions,” he said.

Wyndham currently has 25 hotels in India with 2600 hotel rooms. 3300+ rooms are under-construction in the upcoming 30 properties in the next 3 years.

He informed that Wyndham plans to bring the Super 8 brand into India at the right time adding that the company is keen to grow more Wyndham and Wyndham Grand brands in India market.

Wyndham Grand in Orlando, USA

When asked about the reason for Wyndham being not able to strengthen its brand presence in India except perhaps the Ramada brand, Holmes said that the pace of growth is not uniform across markets. He added that the firm has a long term view of the Indian market and plans to stay invested in the country for a long while similar to what it did in China where they were the first company to open 1,000 hotels.

Holmes expressed confidence that Wyndham group will have much larger presence in India on a proportional basis compared to any other international group over the next five years. “It is just a matter of pace of growth and the rate of bringing brands,” he said.

Musafir Namah Bureau

LEAVE A REPLY

Please enter your comment!
Please enter your name here