We are the only hotel with over 50% of portfolio in Tier-II, -III, and -IV cities

The Radisson Hotels group, operating in more than 95 countries, has 130 operating hotels in India. According to Hotelivate's report, it is the third-largest hotel group in India in terms of inventories as of August. Nikhil Sharma, managing director and area senior vice-president of the group, South Asia, talks to Roshni Shekhar in a virtual interview about the group's plans. Edited excerpts:

- Nikhil Sharma

How has this year been financially for Radisson Hotels?

We will close this year with 130 operating hotels and add almost 20 operating hotels next year. In terms of locations, we are in 76 of them, which is the length and breadth of this country. In the next few years, we will be in 114. We are the only hotel with more than 50 per cent of the portfolio in Tier-II, -III and -IV cities. We are entering Tier-V markets too.

We have 37 per cent of our portfolio in Tier-I cities, 54 per cent in Tier-II cities, and 10 per cent in Tier-III cities. In the future, 19 per cent of the portfolio will be in Tier-I cities, 54 per cent in Tier-II, and almost 25 per cent of the hotel's land inventories will open in Tier-III cities.