In a bid to expand its presence in the promising Indian
market, Chicago, IL-based, leading global hotel chain,
Hyatt Hotels Corp.
), recently launched a Hyatt Regency branded property in Gurgaon,
Haryana. The new five-star property named Hyatt Regency Gurgaon
will mark the debut of the Hyatt Regency brand in the city.
Gurgaon, a part of the National Capital Region (NCR) of New
Delhi, is the biggest city of Haryana. The city is a key
commercial, IT and real estate center and boasts offices of
various renowned professional service providers such as
), Deloitte and PricewaterhouseCoopers.
The economic boom that Gurgaon is witnessing has given the
hotel industry in the region a boost. Various other major
hoteliers such as
Starwood Hotels & Resorts Worldwide Inc.
Marriott International Inc.
) are also building their presence in the city.
Ideally situated beside the Delhi-Jaipur Highway (NH 8), Hyatt
Regency Gurgaon is near to the commercial sector of Gurgaon and
is in close proximity to the Indira Gandhi International Airport.
The strategic location will enable the hotel to attract business
as well as leisure travelers.
The Hyatt Regency aims to attract customers for both business
and leisure. The Hyatt Regency branded hotels are mainly
developed in the urban, suburban, airport, convention and resort
destinations worldwide. Currently, the company owns as many as
seven properties under the Hyatt Regency brand in India.
Hyatt is now more inclined toward expanding its business in
the faster growing emerging markets especially in the
Asia-Pacific region, particularly China, where the demand for
hotels is continuously increasing. Apart from the Chinese market,
India, the second-most populous country, offers significant
growth opportunities. As the demand for hotels considerably
outpaces the supply in the Indian market, the company is likely
to benefit immensely from this strategic expansion, going
HYATT HOTELS CP (H): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
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