Roseate Hotels Eyeing International Expansion, Plans for Diversified Portfolio

Roseate Hotels and Resorts plans to diversify its portfolio with managed properties in new markets such as Dubai, Italy, France, and Switzerland. CEO Kush Kapoor emphasized the need to improve working conditions for hospitality employees, streamline visa processes, and rationalize GST rates to attract more foreign tourists to India. The company is focusing on upscale markets and tier 2 and 3 cities in India and plans to expand its portfolio with properties having 30-250 rooms.

Roseate Hotels and Resorts, a prominent player in the luxury hospitality sector, is planning a significant shift in its expansion strategy. The company, which currently owns properties in India and the UK, is looking to diversify its portfolio by entering new markets such as Dubai, Italy, France, and Switzerland. CEO Kush Kapoor has outlined the company's vision for growth, emphasizing the need to improve working conditions for hospitality employees, streamline visa processes, and rationalize GST rates to attract more foreign tourists to India.

In an interview with PTI, Kapoor underscored the importance of improving working conditions, particularly in terms of rationalizing working hours and enhancing wages. He also highlighted the need for better marketing of India as a tourist destination, drawing parallels with successful tourism strategies in countries like Dubai, Singapore, and Vietnam. Additionally, he called for the rationalization of GST rates and the simplification of hotel licensing processes to reduce the compliance burden [1].

The company's international expansion plans are ambitious, with a focus on upscale markets and tier 2 and 3 cities in India. Roseate Hotels and Resorts aims to manage properties with a room count ranging from 30 to 250, avoiding large-scale hotels typically used for weddings and other events. The company is open to management agreements with owners and partners who are keen to collaborate in these new markets [1].

In a separate development, Wyndham Hotels & Resorts has announced an ambitious expansion strategy in India, planning to launch over 50 new properties and introduce several global brands to tap into the booming hospitality market. The company, which operates over 9,300 hotels in nearly 95 countries, is leveraging strategic partnerships to enter the Indian market. For instance, a recent alliance with Cygnett Hotels & Resorts allowed Wyndham to introduce two new brands, La Quinta by Wyndham and Registry Collection Hotels, which target a wide range of clientele from midscale travelers to high-end guests [2].

Both Roseate Hotels and Resorts and Wyndham Hotels & Resorts are positioning themselves to capitalize on the growing demand for professionally managed hotels in tier-2 and tier-3 cities and in mature urban markets in India. Their expansion strategies reflect a commitment to innovation, partnerships, and brand diversification, which are key drivers for growth in the hospitality sector.

References:
[1] https://www.business-standard.com/amp/companies/news/roseate-hotels-looking-to-diversify-portfolio-with-managed-properties-ceo-125072000152_1.html
[2] https://www.travelandtourworld.com/news/article/wyndham-hotels-resorts-unveils-ambitious-expansion-strategy-in-india-preparing-to-launch-over-50-new-properties-and-introduce-global-brands-to-tap-into-booming-hospitality-market/