Oberoi Group Will Have 50 New Hotels by 2030

The Oberoi Group, spearheaded by Vikram Oberoi, CEO and MD of EIH Limited, is embarking on an ambitious journey to significantly enhance its portfolio by opening 50 new hotels by the end of 2030. Announced at the Skift India Summit, this expansion aims to solidify the presence of both the Oberoi and Trident brands in sought-after destinations. Oberoi emphasized the vision of integrating smaller, uniquely positioned hotels under a project currently nicknamed "Oberoi Nature."

These establishments, set in stunning locales, aim to offer guests an immersive experience, closely connected to the essence and beauty of their surroundings.

Growth Driven by Three Core Principles

Oberoi outlined three pivotal reasons behind this aggressive growth strategy. Firstly, the goal is to provide guests with exceptional staying options in prime travel destinations, both within India and internationally. Secondly, the group places a high value on nurturing talent, aiming to create opportunities for growth and retention within the Oberoi family. Lastly, expansion is seen as a vital component of enhancing shareholder value, showcasing the group's commitment to both its employees and investors.

A Call for Elevating Hotel Rates in India

Vikram Oberoi also highlighted a crucial aspect of the Indian hospitality sector—the potential for higher hotel rates. Given the exceptional quality of services and facilities offered by luxury hotels in India, including Oberoi, Taj, and Leela, he advocates for a reevaluation of pricing strategies. Oberoi asserts that compared to global standards, Indian luxury hotels provide unparalleled value, presenting an opportunity to align more closely with international rates and further elevate the industry's global standing.