Hilton to roll out Double Tree brand in Bengaluru by 2021
Global hospitality chain, Hilton is strengthening its presence in the Indian hospitality market, where rising affordability and dropping air fares are set to increase domestic travel and demand for lodging.
In a recent transaction, the firm has signed management agreement with Bengaluru-based, Kalyani Hospitality, to develop its upscale brand DoubleTree by Hilton in Bengaluru.
“The signing of this agreement reiterates our long-term commitment to India as a strategically important market” said Guy Phillips, senior vice president, development, Asia and Australasia, Hilton.
The hotel currently under construction will have 183 rooms and suites. Scheduled to open in Q1 2021, DoubleTree by Hilton will be located at the commercial micro-market of the city – Whitefield.
“DoubleTree by Hilton is rapidly scaling its presence across the APAC region and we are delighted to partner with Kalyani Group to continue with this momentum in India,” said Philips.
Bengaluru is one of the fastest growing cities in India and an is expected to become the largest branded hotel market in the country in the next five years.
According to JLL India, all major hotel markets in the country witnessed promising growth or held steady in 2017, making it the best performing year since 2012, on the back of strong demand growth and a slowdown in hotel supply additions.
In 2017, India’s top 11 markets witnessed an occupancy increase of 1.7% on-year, with demand outgrowing supply. While average daily rates (ADR) increased 2.6%, RevPAR (revenue per available room) grew 5.2% on-year, the report mentioned.