Marriott International plans to open 18 hotels in India by the end of next year and expects to grow ten times over the next decade.
The international hotel company is currently running ten hotels under its management.
"By the end of next year we would have seven Courtyard hotels across the country, four JW Marriott hotels and a Renaissance hotel. We are also looking at setting up hotels in places like Nasik, Lucknow, Amritsar and Kochi," Marriott International Area Vice-President (India, Pakistan, Maldives and Malaysia) Rajeev Menon said.
In the next 10 years we expect to grow ten times, Menon added.
The group is present in India through its brands like such as the five star Marriott, seven star JW Marriott, Ritz Carlton, Renaissance and budget hotel Courtyard.
"We expect recovery to take place in the hotel business by the last quarter of next year and in the next 18-24 months we expect the demand to outstrip supply," he said.
