Latest news with #Cygnett
Arabian Business
2 days ago
- Business
- Arabian Business
Wyndham Hotels, Cygnett announce massive expansion plan for India, Bangladesh, Sri Lanka, Nepal
Wyndham Hotels & Resorts has announced a strategic alliance with Cygnett Hotels & Resorts that will introduce the La Quinta by Wyndham and Registry Collection Hotels brands to India. The partnership is expected to add more than 60 hotels across India, Bangladesh, Sri Lanka and Nepal over the next 10 years. The deal with Cygnett, an Indian hospitality group, represents the latest in a series of development agreements by Wyndham to meet India's growing travel demand. Domestic travel spending reached $186 billion last year, with leisure travel spending expected to grow 12 per cent annually. 'This partnership is the next chapter in Wyndham's Eurasia growth story, with India as a key strategic market that we've grown alongside for decades. Cygnett shares our commitment to sustainable, long-term growth, while meeting the rising demand from travellers seeking experiences that blend comfort, authenticity, and excellence. We're introducing elevated stays across the full spectrum from stylish, quality hotels to distinctive luxury escapes, bringing Wyndham's world-class brands to even more sought-after destinations across the region,' Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts said. New Wyndham-Cygnett alliance boosts growth Under the agreement, Wyndham and Cygnett have signed an exclusive 10-year development deal to introduce and grow the La Quinta by Wyndham brand across India, Nepal, Sri Lanka, and Bangladesh. The companies plan to open over 50 hotels through a mix of new builds and conversions, with the first locations expected to open by the end of 2026. La Quinta hotels operate in the upper midscale segment and feature modern amenities. The brand currently has more than 900 locations globally, serving both business and leisure guests. Simultaneously, Wyndham and Cygnett will introduce Registry Collection Hotels in India through a non-exclusive 10-year development agreement for 10 hotels. The hotels will be co-branded under Anamore, Cygnett's newly launched luxury 5-star brand, with the first hotel expected to open in 2026. Registry Collection Hotels operates more than 30 locations globally, focusing on boutique and luxury hotels in destinations worldwide. 'Teaming up with Wyndham Hotels & Resorts gives us the scale, global recognition, and brand strength to expand rapidly and deliver outstanding value to our owners and guests. We are proud to help grow La Quinta and Registry Collection Hotels, two global brands that perfectly complement our portfolio and align with the rising demand in the region for high-quality hotel and guest experiences. Our extensive regional network and commitment to brand integrity uniquely position us to drive the successful roll-out of these brands across South Asia,' Sarbendra Sarkar, Founder & Managing Director, Cygnett Hotels & Resorts added. The expansion comes as India's travel market experiences growth driven by rising infrastructure investment, middle-class aspirations, and increased outbound and domestic tourism. Wyndham's growth in Eurasia is supported by Wyndham Advantage, which combines marketing, distribution and other resources for hotel owners. The company has invested nearly $350 million in technology since 2018, providing owners access to property management systems and a member base of over 115 million enrolled Wyndham Rewards members globally. Wyndham currently operates more than 70 hotels across India, Nepal, Sri Lanka and Bangladesh, including Ramada by Wyndham, Howard Johnson by Wyndham and Wyndham Garden brands.
Time of India
4 days ago
- Business
- Time of India
Wyndham Keen to bring more overseas hotel brands to India
HighlightsWyndham Hotels & Resorts has formed a strategic alliance with Cygnett Hotels & Resorts to introduce the 'La Quinta by Wyndham' and 'Registry Collection Hotels' brands in India, Nepal, Sri Lanka, and Bangladesh, aiming to add over 60 hotels in the next decade. Dimitris Manikis, the President for Europe, Middle East and Africa at Wyndham Hotels & Resorts, emphasized that initial public offerings by hospitality companies in India are increasingly lucrative, indicating strong investor confidence in the sector. Manikis is interested in exploring the hostel and branded residences segments in India, noting their success in Europe and highlighting the potential for similar models in the Indian market. Wyndham Hotels & Resorts, the world's largest hotel franchising company, is 'as bullish as ever' on India, where all economic indicators are 'very positive' for the hospitality sector despite the geopolitical tumult, the chain's president for Europe, Middle East and Africa (EMEA), Dimitris Manikis, told ET. 'If you had seen some of these geopolitical challenges unfolding 15 years ago, people would have stopped traveling. We haven't seen that today,' he said. Wyndham Hotels & Resorts on Friday announced a new ' strategic alliance ' with Cygnett Hotels & Resorts which will introduce its ' La Quinta by Wyndham ' and ' Registry Collection Hotels ' brands to country. 'We saw a bit of a drop in business here when the India-Pakistan conflict unfolded, but that didn't stop Indians from travelling,' Manikis said. 'Indians are travelling more — both domestically and globally — and this country of 1.4 billion will continue to travel.' He said initial public offerings (IPOs) by hospitality companies are one of the most lucrative in India. 'Ten years ago, that wasn't the case. It shows that the stock markets and investors are very bullish about the sector,' Manikis said. The alliance between Wyndham and Cygnett is expected to add more than 60 hotels across India, Bangladesh, Sri Lanka and Nepal over the next 10 years. Wyndham and Cygnett have signed an exclusive 10-year development agreement to introduce and grow the La Quinta by Wyndham brand across India, Nepal, Sri Lanka and Bangladesh, with plans to open over 50 hotels. Wyndham and Cygnett will introduce Registry Collection Hotels in India through a non-exclusive 10-year development agreement for 10 hotels. Hotels will be co-branded under 'Anamore', Cygnett's newly launched, luxury 5-star brand, with first hotel expected to open in 2026. 'Strategic alliances are crucial as they can help local brands with international distribution. There are brands that would like to expand outside India. How will they do that? By affiliating with international brands.' Manikis said he is keen to explore possibilities in hostel and branded residences space in India. 'The hostels business does well in Europe and I'm keen to explore that for India,' he said. 'We launched mid-scale branded residences offering in Europe, which is doing extremely well. Both these segments have enormous potential here.' Launching more brands here is important for outbound market, said Manikis. 'There are certain are doing well in Europe. I would like to see them here.' 'When Indians travel to Germany, Prague and Warsaw, and they stay at a Vienna would like to bring our Super 8 brand to country.'
Time of India
4 days ago
- Business
- Time of India
Wyndham Hotels & Resorts keen to bring more overseas hotel brands to India
New Delhi: Wyndham Hotels & Resorts, the world's largest hotel franchising company, is "as bullish as ever" on India, where all economic indicators are "very positive" for the hospitality sector despite the geopolitical tumult, the chain's president for Europe, Middle East and Africa (EMEA), Dimitris Manikis, told ET. "If you had seen some of these geopolitical challenges unfolding 15 years ago, people would have stopped traveling. We haven't seen that today," he said. Wyndham Hotels & Resorts on Friday announced a new " strategic alliance " with Cygnett Hotels & Resorts which will introduce its ' La Quinta by Wyndham ' and ' Registry Collection Hotels ' brands to country. "We saw a bit of a drop in business here when the India-Pakistan conflict unfolded, but that didn't stop Indians from travelling," Manikis said. "Indians are travelling more - both domestically and globally - and this country of 1.4 billion will continue to travel." He said initial public offerings (IPOs) by hospitality companies are one of the most lucrative in India. "Ten years ago, that wasn't the case. It shows that the stock markets and investors are very bullish about the sector," Manikis said. The alliance between Wyndham and Cygnett is expected to add more than 60 hotels across India, Bangladesh, Sri Lanka and Nepal over the next 10 years. Wyndham and Cygnett have signed an exclusive 10-year development agreement to introduce and grow the La Quinta by Wyndham brand across India, Nepal, Sri Lanka and Bangladesh, with plans to open over 50 hotels. Wyndham and Cygnett will introduce Registry Collection Hotels in India through a non-exclusive 10-year development agreement for 10 hotels. Hotels will be co-branded under 'Anamore', Cygnett's newly launched, luxury 5-star brand, with first hotel expected to open in 2026. "Strategic alliances are crucial as they can help local brands with international distribution. There are brands that would like to expand outside India. How will they do that? By affiliating with international brands." Manikis said he is keen to explore possibilities in hostel and branded residences space in India. "The hostels business does well in Europe and I'm keen to explore that for India," he said. "We launched mid-scale branded residences offering in Europe, which is doing extremely well. Both these segments have enormous potential here." Launching more brands here is important for outbound market, said Manikis. "There are certain are doing well in Europe. I would like to see them here." "When Indians travel to Germany, Prague and Warsaw, and they stay at a Vienna would like to bring our Super 8 brand to country." Economic Times WhatsApp channel )
Yahoo
23-06-2025
- Business
- Yahoo
Cygnett Hotels & Resorts expands with new properties in Uttar Pradesh, India
Cygnett Hotels & Resorts has announced the expansion of its presence in the Indian state of Uttar Pradesh with the signing of Cozzet Kanpur and Cygnett Inn Vrindavan, reported BW Hotelier. Cozzet Kanpur, a brownfield project, is slated to open by the end of this year, offering a contemporary blend of comfort and cultural flair. The hotel will feature 40 rooms, two banquet halls for up to 10,000 guests, an all-day dining restaurant, and a lounge bar. Set to open by early 2027, the Cygnett Inn Vrindavan will provide 60 rooms and is designed for both business and leisure travellers. The hotel will offer a rooftop swimming pool, a gym, and banquet halls for 600-800 guests. This addition, along with the earlier signed 50-key Cozzet Vrindavan, brings Cygnett's total room inventory in Vrindavan to 100. Cygnett Hotels & Resorts founder and managing director Sarbendra Sarkar said: 'The state of Uttar Pradesh is a key market in our expansion strategy as we work towards building a portfolio of 100 hotels in the coming years. We plan to open ten to 12 properties across Uttar Pradesh over the next two to three years.' Cygnett has also made inroads in Ayodhya, a key spiritual destination in Uttar Pradesh. Earlier this year, Cygnett Hotels & Resorts expanded into the upscale segment with the signing of Anamore Select Resort & Wellness in Mopa, Goa, India. Located a 15-minute drive from Mopa Airport and accessible from the Goa-Mumbai Highway, the luxury resort will feature 150 villa rooms, marking a significant diversification of Cygnett's portfolio in India. "Cygnett Hotels & Resorts expands with new properties in Uttar Pradesh, India" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
