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India has huge growth potential, even more than China: David S. Marriott

Livemint · 1m

- Business travel is recovering at different rates across different regions, with the Asia Pacific (excluding China) and India showing strong growth. - China and the US have experienced slower growth, resulting in a reduction in Marriott's RevPAR projections. - The company is focusing on expanding its presence in India due to the country's growth potential and importance in the market. They have signed over 5,000 hotel rooms in 30 hotels in India this year. - Marriott plans to introduce new brands in India, including City Express by Marriott and Four Points Flex by Sheraton. - In the next five years, Marriott's focus in India will primarily be on luxury and premium hotels, especially in resort areas. - The hospitality industry is facing a shortage of talent, particularly in food and beverage, housekeeping, and engineering. Marriott is implementing new strategies, such as flexible work arrangements and partnerships for talent development, to address this challenge.