'Indians will spend $ 410 billion on travel; We want to be part of the trip '

Copyright © HT Digital Streams Limit all rights reserved. Companies Indians spend $ 410 billion on travel; We want to be part of the journey: Dusit International’s Donavanik Siradej Donavanik, Vice President of Development for Global Hotels, Dusit International. Summary in its second innings plans Dusit International to expand in Tier -ii and -iii cities, with the aim of striving 3,000 rooms and 30 signings in three years. New Delhi: Bangkok headquarters Dusit International’s founding family wants to count its second Indian innings India with a spate of new hotel signings. India is one of the most important markets for Thailand, the third generation Hotelier Siradej Donavanik, vice president of development for Global Hotels, told Mint on Thursday. “This is our second lead in India, and we want to get things right. Unfortunately, our earlier partnership did not work out for us, and we learned how important the market is for us and wanted to re -enter the market to make a big impact,” he said. Also read: India is a $ 100 billion travel event, says Thai multinational hospitality company Global Hotel Alliance first came to India for the first time in 2013 to set up two hotels. However, the partnership ended about four years later, in 2017. It will now focus on Tier -ii and -iii cities, while still taking into account the future growth in subway destinations. The veteran of the hotel industry, Deepika Arora, is on its way to Dusit International’s India business. It has eight brands, including luxury apartments, worldwide. For starters, it plans to launch its luxury and higher-middle brands in the country, one of the ‘high-potential markets’. It has signed transactions in places such as Raipur (Chhattisgarh), Bhiwadi (Haryana), Lonavala (Maharashtra), Kolkata (West Bowers), Kasol and Manali (Himachal Pradesh) and Karnataka. The expansion of India provides the expansion of the brand to increase its presence in different places while maintaining the standards and identity. About 3,000 rooms in the country will be considered in the next three years, with about 30 signings. He is expected to have about 10-11 open hotels by that time, with plans to open about two hotels a year. Also read: Ibis a mid-market, not a budget, in India, says the CEO of Interglobe Hotels. This expansion follows the launch of Dusitd2 Fagu, Shimla, and the signing of three Karnataka properties, including the well-being Devarana Sakleshpur. Coming openings include four Dusit Princess Hotels in Raipur, Bhiwadi, Kolkata and Lonavala, as well as two boutique luxurious thusit collection properties in Kasol and Manali. Dusit’s India Push corresponds to its broader global expansion strategy. It will also expand to other high-growth markets, such as Vietnam, Indonesia, Japan and China. It has about 10 hotels in China. Interestingly, in Thailand, the company sees a decline in the number of Chinese visitors. Future plans, while the company is currently just looking for local hotel owners, Donavanik confirmed that it is open in the future to invest in properties if the right opportunity comes. “We have a long -term vision for the business, not only in India, but also everywhere else.” The Indian market has grown exponentially. Indians are looking for experience trips, including food and well -being. The spending on luxury and recreation in India has increased tremendously since we were last here … Indians are expected to spend $ 410 billion in travel by 2030, and we want to be part of the trip, “he said. At the moment India has about 200,000 hotel rooms with brands, and the number is expected to reach about 300,000 rooms, according to hospital. Minor Hotels plans to have 50 hotels in India by 2035 thusit is one of the five or six companies showing a renewed interest in India. and Hilton plans to debut in the country such as handwritten collection, Vignet collection, Hampton and Signia. Ltd, reported a total revenue of THB11.2 billion ($ 326.53 million), an annual basis of 74.8% year-on-year, for the full year 2024. Earnings before interest, tax, apostasy and amortization (EBITDA) rose 91.4% to THB1.65 billion. The net loss of the company also narrowed from ThB570 million in 2023 to THB237 million. Thailand’s big focus on tourism also meant that India became one of the top five incoming markets for the country, and the top market for Dusit, Donavanik said, whose grandmother Thanpuying Chanut Piyaoui in the South East country began in 1948. Properties over 5-7 years have the company about 60 hotels in 19 countries and about 250 luxury villas, schools, a food business, etc., in Thailand. Catch all the corporate news and updates on live currency. Download the Mint News app to get daily market updates and live business news. More Topics #Hotels #Hospitality Sector Coin Specials