Louvre Hotels Group has introduced its Kyriad brand in India and has announced a plan for expansion across the country. Together with the acquisition of the Sarovar Hotels & Resort chain in January 2017, it has further broadened the network of Golden Tulip, Tulip Inn and Royal Tulip brands, and now has 126 hotels. Under the terms of the agreement with the Indian operator, as of 2018, Orange Tiger will be operating eight hotels under brand Kyriad by mid-October and fifteen by the end of this financial year and then at least ten new hotels will open every year. The scope of the agreement is not just limited to India, but it also encompasses opportunities for development in Nepal, Sri-Lanka, Bangladesh, Bhutan, The Maldives, Pakistan and Mauritius. Saurabh Chawla, Global Chief Development Officer, Louvre Hotels Group, said, “Our goal is to become one of the top hospitality group by 2023. This calls for a strategic approach to countries with high growth potential such as India, where we introduce new brands that complement our existing presence and are tailored to address the needs of domestic and international, business and leisure travellers.” Abhijeet Shrivastava, CEO, Orange Tiger Hospitality, “The demand for mid-scale full-service hotels is ever growing in India and over the past few years, the liking for an International brand is on an upswing. With our expertise of managing the hotel operations as well as revenues, we are sure to take brand Kyriad to newer heights in South Asia.”
Read More »