Hotel chain Hyatt bets on India’s population boom to fuel growth

By Praveen Paramasivam

(Reuters) – Hyatt Hotels is betting on India’s rising population and consumer spending power to help the U.S. hotel chain keep up revenue growth in the double-digit percentage range in the Asian country this financial year, an executive said.

Global hotel operators have been building diverse property portfolios in the world’s most populous country, targeting its more affluent consumers, whose appetite for domestic travel has been strong since the relaxation of COVID curbs.

Hyatt, which has roughly 325 of its more than 1,400 hotels in Asia Pacific, is looking to expand in the region, and “India is a big part of that,” Carina Chorengel, a senior executive, told Reuters on Wednesday.

Hyatt said it plans to…