Skift Take
India's middle-class is reshaping the nation's travel landscape. This surge in disposable income also marks a transformative shift in consumer behavior and spells out promising prospects for the hospitality sector.
The Skift India Newsletter is your go-to platform for all news related to travel, tourism, airlines, and hospitality in India.
Apeejay Surendra Park Hotels, commonly known as Park Hotels, is set to have its IPO on February 5. The group currently operates 30 hotels in 20 cities across India, with 2,298 rooms. Through a strategic mix of ownership, management contracts and leased properties, the group aims to open 56 hotel by 2026.
The Brands:
The Park is the group’s luxury boutique brand. There are eight properties with a total of 1,201 keys in Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Navi Mumbai, Vishakhapatnam, and Indore.
The Park Collection comprises small luxury properties. The group currently operates 64 rooms in this category spread across three properties — The Park Calangute Goa, The Park Baga Goa and The Denmark Tavern.
Zone by The Park is positioned at the upper midscale level and is mainly located in Tier 2 and Tier 3 cities. The brand currently manages and operate 11 hotels with 624 rooms with presence in Coimbatore, Jaipur, Chennai, Bangalore, Jodhpur, Jammu, Phalodi, Pathankot, Gopalpur, Dimapur, and Kolkata.
Zone Connect by The Park is also an upper mid-scale brand, the group currently manages and operates 8 hotels with 409 rooms with presence in G