India's biggest hotel companies changed after global hotel chain Marriott has overtaken Taj Hotels Resorts and Palaces to officially become India's largest hotel company with 79 operating hotels and 18,000 rooms post the successful global acquisition of Starwood.
On Friday, Marriott International announced that it has completed the acquisition of Starwood Hotels and Resorts, creating the world's largest hotel company, and bringing together 30 hotel brands.
The new company will now operate or franchise more than 5,700 properties and 1.1 million rooms, with Marriott's distribution more than doubling in Asia and the Middle East.
The new merged entity will open 80 new hotels in the next three to four years in India with 100 in the pipeline, said Rajeev Menon, chief operations officer, Asia Pacific (excluding greater China) at Marriott International.
"We operate 14 brands in India now with the 15th one W opening very soon in Goa. As a company we have always been bullish on India. It is our second most important market after China," he added.
Menon ruled out drastic rightsizing of the staff in India as a result of the merger. "We are not going to see too much of transitioning or letting go of associates.
With 80 hotels coming up in the next 3-4 years and a pipeline of 100, we need associates. There are not many markets in the world where you see this kind of a growth story," he said.