The Gateway Hotels and Resorts, part of the Taj Group of Hotels, is gearing up to double the number of its hotels and room inventory over the next three-to-four years through a process that will see less rebranding and more greenfield ventures.
It has over 20 properties, currently in various stages of completion, which mainly cater to mid-scale business and leisure travellers—plugging the gap between the luxury Vivanta category and the budget Ginger segment.
“We will add eight to ten new hotels in the next 18 months. In nearly four years time, there will be 40 hotels under the brand. While the economy is rough, with occupancy rates at 60 per cent, the rupee depreciation is set to propel our growth,” said Prabhat Verma, Chief Operating Officer, The Gateway Hotels & Resorts, while addressing a press conference here on Saturday.
Mr. Verma was here to launch The Gateway Hotel IT Expressway Chennai. The 200-room hotel will be Chennai’s first hotel under the Gateway brand. “We expect the hotel, which was built at an investment of Rs. 150 crore, to break even within one year’s time.”
