Latest news with #DimitrisManikis
Time of India
4 hours ago
- Business
- Time of India
Wyndham Hotels to expand in India; 50+ new properties in pipeline; more global brands on the way
Representative AI image NEW DELHI: Wyndham Hotels and Resorts, the world's largest hotel franchisor, expects India to become one of its top growth markets, with over 50 new properties in the pipeline and plans to launch more of its global brands in the country, company officials said. During a PTI interview, Wyndham Hotels and Resorts' top executives, President for EMEA Dimitris Manikis and Managing Director for Eurasia Rahool Macarius — outlined the company's plans to expand its presence in India. "We have more than 70 hotels and very soon we are going to be more than 100. ... Talking about the pipeline, as we speak, we have more than 50 hotels in the pipeline and growing. So today, I might say 50 and tomorrow the number would change. So it's a moving goal post for us but it's a very fast and sprinting goal post for us," Rahool said. Although Ramada remains their most recognised brand in India, the organisation intends to expand its current portfolio with additional brands. Dimitris explained, "We've got such a great portfolio of brands that they fit with certain markets at a certain time. So yes, the answer is yes, we're going to bring more brands. But equally, we want to make sure that we grow the brands that we currently have in India." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo He highlighted India's strong potential to become a leading global tourism destination and stressed the need for better marketing, more direct international flights, and easier visa procedures for foreign visitors. "Direct flights, absolutely critical, opening up those flights, absolutely critical, make entry into the country as easy as possible. People today what they need is, when they travel, they don't want to be burdened by long processes and difficult to get to, processes, including visas," said the Wyndham Hotels and Resorts' EMEA President. Operating over 9,300 hotels across approximately 95 countries, Wyndham Hotels & Resorts announced a partnership with Cygnett Hotels & Resorts to launch La Quinta by Wyndham and Registry Collection Hotels in India. Wyndham Hotels and Resorts operates 25 hotel brands, including Super 8, Days Inn, Microtel, Baymont, Wingate, Trademark Collection, and Wyndham. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
a day 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
2 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 )
Skift
4 days ago
- Business
- Skift
Wyndham Is ‘Sprinting' Towards Its 100-Hotel Mark in India
For Wyndham, India is an unmissable opportunity and the growth is rapid but not indiscriminate. It is still conscious about the markets, locations, and the brand mix it wants to bring here. Wyndham Hotels and Resorts is 'sprinting' to the 100-hotel mark in India, Rahool Macarius, the recently appointed market managing director for Eurasia, told Skift. 'We are actually doing it in a quarter of the time that other international brands have,' he said. Macarius rejoined Wyndham in January this year, and since then, the company signed eight hotels in the April-June quarter. Six hotels were signed last month alone, he said. 'Growth is absolutely phenomenal for us. I see a great pipeline and I want to reach the 100-mark as soon as possible,' he said. He further said the company will breach this mark 'probably this year' and if not, then 'definitely next year.' The company's present growth has been in Tier-2 and 3 cities in India, such as Ambala, Ranchi, Zirakpur, Ghaziabad. 'We are one of the companies that did not rise or explore from the metros. We gained traction from Tier-2 and 3 cities. A lot of our great leisure locations are in smaller cities,' Macarius said. The India Focus: Earlier this year, Wyndham President and CEO Geoff Ballotti said India saw the highest growth rates for the company in 2024 in terms of new hotel signings. He also said he saw India as a big opportunity. Speaking with Skift, Wyndham's President for EMEA Dimitris Manikis reiterated this. 'The infrastructure development and the blue collar workers that are going to be traveling across the country is where we see the enormous opportunity in the next few years,' Manikis said. India is witnessing a repeat of what has already happened in the U.S. and China. 'It is going to happen here. It's inevitable,' he asserted. According to Manikis, this is the time for India to build the story. 'It was about time for India to explore the potential that everybody was talking about for the last 30 years.' He said that India's 10-year plan for infrastructure development brought
Tourism Breaking News
5 days ago
- Business
- Tourism Breaking News
Wyndham opens its first-ever Cave Hotel in Türkiye
Post Views: 39 Signature Cave Cappadocia is Wyndham's latest addition in one of Türkiye's most visited regions, offering guests a once-in-a-lifetime experience with all spaces including guest rooms, restaurant and lobby- located within a cave complex. Each of the 27 suites of the hotel highlights the region's architectural traditions through stone interiors, antique carpets, and handcrafted furnishings, enhanced with modern amenities including complimentary Wi-Fi, flat-screen HDTVs, and, in select suites, private pools, hot tubs, or fireplaces. Nestled in the heart of Türkiye's enchanting Cappadocia region, the newly opened Signature Cave Cappadocia, Trademark Collection® by Wyndham, marks the debut of the first cave hotel by a global hospitality brand. Blending centuries-old architecture with modern comfort, the 27-suite property is the latest example of Wyndham Hotels & Resorts' commitment to creating one-of-a-kind, experience-led stays in the world's most captivating destinations. With approximately 9,300 hotels across more than 95 countries, Wyndham continues to expand its global footprint while offering travellers something truly unique. The hotel offers diverse dining options through its 68-seat cave restaurant, breakfast room, and terrace bar. Guests can enjoy authentic local specialties such as Sineson Tava and St. Theodoros Köfte made with recipes exclusive to the Ürgüp region or take in panoramic views of Mustafapaşa from the bar's terrace. Listed as a UNESCO World Heritage Site with its world-renowned fairy chimneys, awe-inspiring landscape, rock-cut churches and underground dwellings, Cappadocia has welcomed over 4 million visitors last year, including over 1 million staying guests. Owned and operated by Honest Holding, Signature Cave Cappadocia represents the group's second Wyndham-branded property, following last year's opening of Ramada Resort by Wyndham Pamukkale Thermal. 'The Signature Cave Cappadocia, Trademark Collection by Wyndham isn't just another hotel opening, it's a story waiting to be experienced. Sleeping in a centuries-old cave, dining beneath stone-carved ceilings, and waking up to the magic of Cappadocia is the kind of travel moment people dream of and share on social media. We're incredibly proud to bring this one-of-a-kind experience to life with Honest Holding, as we continue to grow in places that inspire, surprise, and connect with travellers on a deeper level.' – Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts 'Through our collaboration with Wyndham, we've had the opportunity to share the unique spirit and hospitality of Cappadocia with guests from all around the world. Our property, Signature Cave Cappadocia, reflects the soul of the region and also demonstrates what a local hospitality brand can achieve by joining forces with a global name. This partnership not only helps us reach a wider audience but also allows us to offer our guests a world-class experience.' – Cengiz Deveci, President, Honest Holding Trademark Collection enables hotel owners to retain their property's unique identity while accessing the scale, technology, and commercial strength of Wyndham. With nearly 125 hotels open in Türkiye and 30 more in the development pipeline, Wyndham continues to reinforce its position as the largest international hotel company in the country. Trademark Collection properties and all Wyndham hotels around the world participate in Wyndham Rewards®, the number one hotel rewards program as named by readers of USA Today and U.S. News & World Report. With more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers members more places to stay. Join for free at
