HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack
NEWSTRACK

Pride Hotels Ltd. to expand its footprints to 100 hotels by 2030

Tuesday, May 17, 2022, 10:09 Hrs  [IST]
HBI Staff | Hyderabad

Pride Group of Hotels which presently has 44 properties nationally has embarked on an ambitious expansion plan to open 100 hotels by 2030. Once the new hotels are operational, Pride Group will have 100 properties with over 10,000 keys spread across various geographical regions, primarily in tier 1 and tier 2 markets. The focus is on an asset-light model for expansion with a major slice of the portfolio managed directly by the company. Most of the new properties will be located in popular leisure destinations with great tourism potential.

Announcing the developments Mr. SP Jain, Chairman and Managing Director, Pride Hotels Limited, said “Subsequent to the challenges due to the pandemic in the past two years we are now witnessing exponential growth. While we will have 50 properties by the end of this year we plan to expand our footprints nationally by doubling our portfolio to 100 hotels by 2030. With the market gaining rapid momentum we will soon come back to expansion mode for our flagship properties. The Pride Group performed exceedingly well in 2021-2022 compared to 2020-2021. The ADR and occupancy have gone up from 43% to 65% for the current year 2022-2023. We are expecting to clock a turnover of Rs. 250 crores this fiscal year”.

The new portfolio includes resorts and hotels in the cities of Nainital, Jim Corbett, Jabalpur, Daman, Rishikesh, Surendranagar, Dwaraka, Bhavnagar, Bharuch, Agra, Somnath, Dehradun, Chandigarh, Neemrana, Rajkot, Bhopal, Aurangabad, and Haldwani. Pride Group has also forayed into the premium service apartment space with the launch of its new brand ‘Pride Suites’, with the first property signed in Gurugram.

Currently, Pride Hotels operates and manages a chain of hotels under the brand name “Pride Plaza Hotel” an Indian Luxury Collection, “Pride Hotel” which are conveniently centrally located upscale business hotels, “Pride Resorts” at mesmerizing destinations and Mid-Market segment hotels for every business “Pride Biznotel”. All four brands are well appreciated and frequented by corporate clients, domestic and foreign tourists. Pride Hotel is a homegrown brand that resonates with true Indian hospitality. The group’s vision is to establish Pride Hotels as the best Indian Hospitality chain.

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  Pre-packaged food under GST, 12% tax on hotels with tariff up to Rs 1,000
»  IHG Hotels & Resorts strengthens presence in the NCR region with a new Holiday Inn signing in Gurgaon
»  Goa tourism dept to crack down on 11,000 hotels operating illegally
»  Chalet Hotels ranks 4th on India’s Great Mid-Sized Workplaces 2022
»  InterContinental Hotels & Resorts unveils limited-edition suites
»  The Leela Palaces, Hotels and Resorts welcomes Chef Sashi Cheliah
»  The Clarks Hotels & Resorts appoints Mr. Ajit Kumar as Director of Food & Beverage
»  Leisure Hotels Group to open Heritage Luxury Resort in Mussoorie
»  Pride Group of Hotels launches 'Pride Divine Resort Somnath'
»  Lexicon IHM signs an MOU with Sarovar Hotels & Resorts (Pvt. Ltd.) to mentor and guide young hospitality aspirant
»  Café Pride at Pride Plaza Aerocity New Delhi celebrates ‘Father's Day’
»  Cygnett Hotels & Resorts signs Cygnett Inn in Vrindavan
»  Sarovar Hotels appoints Ankur Chandra as the new General Manager – Development
»  Rester Hotels & Resorts introduces a new hotel in Pune
»  Inter hotel Sports tournaments organized by Accor hotels in Chennai
»  Sattvik Council of India to expand operations in Gujarat
»  Lemon Tree Hotels signs a new hotel in Visakhapatnam, Andhra Pradesh
»  Lemon Tree Hotels signs a new hotel in Visakhapatnam, Andhra Pradesh, under the brand Keys Lite by Lemon Tree Hotels
»  IHG Hotels & Resorts marks 6,000 hotels milestone with spectacular openings and partnerships to reward travellers
»  Sarovar Hotels launches The Vaishnodevi Sarovar Portico, Katra
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES