Hyderabad is likely to see a surge in hotel count riding on the back of its growing IT and allied sectors. The Andhra Pradesh capital’s hotel inventory is likely to increase by at least 50 per cent in three years from 8,104 keys at present to 12,314 keys with the addition of new hotels ranging from the mid-segment to luxury grade, according to a Cushman and Wakefield report.
Hotel brands like Trident, Oberoi, Sarovar, Royal Orchid, Park Hyatt, Holiday Inn, Lemon Tree, Doubletree by Hilton, Radisson Plaza, The Pride, Red Fox, Citymax and Citadines are likely to have a presence in Hyderabad soon.
The report by the real estate solutions firm, titled ‘Advantage Andhra Pradesh’, said the Hyderabad hospitality market would grow in terms of both the range of products and the variants available.
The Cushman and Wakefield report said the growth would take place mainly in the western and southern quadrants of the city catering to the information technology and allied sectors.
Aruni Ray, general manager of Lemon Tree, said, “The growth of IT and other industries in the city will drive the growth of the hospitality sector.”
The report also said that about four million sq ft of mall development would take place in the city by 2014. Most of these are coming up around Kukatpally, an area close to the IT corridor of Madhapur-Gachibowli, and some spreading towards Uppal, the eastern side of the city.
Hotel brands like Trident, Oberoi, Sarovar, Royal Orchid, Park Hyatt, Holiday Inn, Lemon Tree, Doubletree by Hilton, Radisson Plaza, The Pride, Red Fox, Citymax and Citadines are likely to have a presence in Hyderabad soon.
The report by the real estate solutions firm, titled ‘Advantage Andhra Pradesh’, said the Hyderabad hospitality market would grow in terms of both the range of products and the variants available.
The Cushman and Wakefield report said the growth would take place mainly in the western and southern quadrants of the city catering to the information technology and allied sectors.
Aruni Ray, general manager of Lemon Tree, said, “The growth of IT and other industries in the city will drive the growth of the hospitality sector.”
The report also said that about four million sq ft of mall development would take place in the city by 2014. Most of these are coming up around Kukatpally, an area close to the IT corridor of Madhapur-Gachibowli, and some spreading towards Uppal, the eastern side of the city.