Royal Orchid targets 80 hotels by 2020

It currently has 49 properties in 32 cities across the country with 3,200 rooms. We are on a rapid expansion mode and are looking to have 80-90 properties by 2020. We are also in advance stage of talks with 2-3 players overseas, and are hoping for 2-3 hotels in 2-3 years, Royal Orchid Hotels MD Chender Baljee said here. However, he declined to reveal the locations of the overseas properties the company is looking at. 

Meanwhile, the hospitality group’s revenue is expected to grow by over 13 per cent to Rs 170 crore in this financial year, compared to Rs 150 crore in 2016-17, he said. “We are seeing growth from the mid market segment in the country, which is growing rapidly. It is mainly aided by the growing middle class segment who are price conscious and look for superior amenities at competitive prices,” he added. “We will add 15 more hotels to our portfolio to take the total to around 65 properties next year with 4,500 rooms,” he added. In India, the hospitality company is looking at states like Tamil Nadu, Telangana and Andhra Pradesh for expansion. 

“Going forward, we are going to focus in states where we are not present or have few properties. We will look forward to strengthen our presence in the existing markets,” he added.