Hyatt on Asian expansion trail
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Hyatt Hotels and Resorts is looking at a substantial expansion plan for the Middle East and India. The chain now operates eight properties in the Middle East and five in India, but has plans for several more in each of the two markets.
“We envision our South West Asia region, which includes the Middle East and India, to be the fastest growing in our portfolio of properties, with several key properties opening this year in the Gulf,” Peter Fulton, Hyatt’s Managing Director of South West Asia, told a media conference at the Arabian Travel Mart.
Hyatt already has more than 60 hotels in the pipeline, with 16 of them in the Greater China region alone, and the rest in Russia and the former Soviet states, and several high-profile properties to open in Europe, Middle East, and the Americas.
“Hyatt will continue to grow significantly over the next decade, the number of worldwide properties expected to double in the next five years,” said Stephen G. Haggerty, Global Hyatt Corporation’s Global Head of Real Estate and Development.
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