According to the report released by HVS Anarock India, the industry set a record with the opening of 4,537 branded keys. The top five companies in terms of number of keys were IHCL, Wyndham, The Fern Hotels & Resorts and Sarovar Hotels.

The Fern Hotels & Resorts, India’s environmentally sensitive hotel chain has opened the highest number of properties in India in 2020, a report recently published by HVS Anarock titled ‘Indian Hospitality Overview 2020’ stated.

In terms of number of keys opened, The Fern Hotels & Resorts stood at no 3 position. IHCL opened the maximum number of hotel keys in 2020 followed by Wyndham hotels in the second position. According to the report, the industry set a record with the opening of 4,537 branded keys. The top five companies in terms of number of keys were IHCL, Wyndham, The Fern Hotels & Resorts and Sarovar Hotels.

Reacting to the findings of the reports, Suhail Kannampilly, CEO, Concept Hospitality said “It brings us a great deal of pride and satisfaction to have been positioned as the top player in terms of number of properties opened by us. This is a sheer example of our commitment towards the Indian market and we are in full steam ahead to make our presence more astute.” 

Expressing his thoughts on this milestone, Rahul Chaudhary, Managing Director, CG Corp Global said, “This is a pivotal turn to our story in India where we have been constantly engaging, hustling and harping on the many opportunities it offers. Even though many disruptions were faced globally and domestically, our vision to grow along the Indian hospitality industry is evident and justified with the conclusion of this illuminating report. Considering this immense potential, we are determined to further expand & grow enormously in the coming future, breathing life into a common goal shared by each and every member of our team.”

The report mentions that mid-segment hotels emerged as market leaders in the industry in regards to the number of properties signed in 2020. In terms of keys, midscale hotels is the most preferred segment in the country, accounting for 41 per cent of the total signings in by keys in 2020, followed by upscale (37 per cent of total signings), economy (11 per cent of total signings) and luxury (11 per cent of total signings).

The company has started 2021 with a bang and has already opened six new properties foraying into locations like Daman, Jabalpur, Jamnagar, Junagadh, Kevadia and Mussoorie. The company is all set to open 13 properties by the end of the current year. This will take their existing number to 87 hotels. In terms of number of keys, they are likely to add 1156 keys which will take their overall key number to 5217 keys.