Development
Primary
Jul 24
A tiny island nation just greenlit a 44% increase in hotel stock since 2024, and developers are still lining up with proposals. If you've ever watched a market build its way into a rate war, this story should feel uncomfortably familiar.
IHG is trying to triple its India footprint to 400-plus hotels by 2031, and Holiday Inn Express is doing the heavy lifting in markets most Western travelers can't find on a map. The question isn't whether 90 rooms in Vijayawada matter... it's whether the franchise economics survive a market that built 250 hotels in four years and then watched occupancy crater to 50%.
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