Goldman Sachs-backed SAMHI Hotels Pvt Ltd is of the view that the hospitality sector grow well in 2019, as India’s travel market is projected to grow at an annual rate of 11-11.5 percent and will be worth $48 billion* by 2020. This will correspondingly mean and naturally translate into good growth for SAMHI, which is one of the largest owner of branded hotel rooms in India and the entire Indian hospitality sector.
SAMHI is poised to increase its daily available inventory for sale from 3,000 to 4,000 rooms, registering a healthy 30% surge on the back of its acquisition of Premier Inn portfolio in 2017 and also the acquisition and subsequent rebranding of several hotels to Holiday Inn Express.This increase in inventory is perhaps one of the highest ever by any Indian hotel ownership company in a single year.
Speaking at the Partnership Dinner 2018 in Ahmedabad, Ashish Jakhanwala, Founder & CEO, SAMHI said “Indian hotel industry is showing strong signs of recovery and at the same time is also maturing to allow better risk-adjusted returns to the investors. The growth of aviation, expansion of office spaces across key Indian cities and increasing propensity for Indians to travel both for business and leisure is supporting a strong demand growth for hotels. However, the industry continues to be operationally intensive.”
