India is the place to be: Radisson Top Exec

India has the ‘best’ economic fundamentals in the world for new hotel development, and Radisson Hotel Group will aim to sign 50 hotels a year for the next five years to take the footprint locally to 500 by the end of this decade, a top executive told ET.

“India is certainly in the top three countries in the world in terms of our pipeline. Considering the economic fundamentals here, there is no place like India currently for new hotel development,” said Elie Younes, executive vice president and global chief development officer, Radisson Hotel Group. “It’s certainly not Europe, and the only market that looks promising is Saudi Arabia, but it doesn’t have the scale that India has.”

Radisson Hotel Group said this week that it has…