Hilton Identifies India as Fastest-Growing Tourism Market in Asia-Pacific
Alan Watts, Hilton's president of Asia Pacific, highlighted India as "the most exciting market for travel and tourism globally" during an interview on CNBC. He predicted that the country will become the third-largest lodging market within a decade due to strong RevPAR growth and increasing domestic demand. Despite challenges in China affecting regional performance, Hilton is seeing double-digit revenue gains in North Asia and India. Watts emphasized intra-Asia travel as a key trend driving resilience across markets like Southeast Asia and Japan. The company plans to expand its presence in Indian pilgrimage destinations with branded properties managed by local investors who are funding the developments. Hilton currently has 60 hotels under construction in India, with commitments for an additional 400 through major partners. This expansion includes mid-scale brands targeting domestic travelers in tier-two and tier-three cities.
Tickers: $HLT
Topics: Asia-Pacific growth hotel industry India RevPAR travel trends