Company Research Report: Oberoi Hotels and Resorts
Company Overview
- Name: Oberoi Hotels and Resorts
- Mission: No information is available
- Founded Year and Founders: No information is available
- Key People: No information is available
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue: No information is available
- Company Recognition: Oberoi Hotels and Resorts is recognized as a luxury hospitality chain.
Products
- Products Offered: Oberoi Hotels and Resorts offer upscale hotel accommodations and hospitality services.
- High Level Description: The company is known for its luxury hotels and resorts, providing premium hospitality experiences.
- Key Features: No information is available
Recent Developments
- New Market Entry: Oberoi Hotels and Resorts is set to open its first hotel in the United Kingdom, specifically in London's Mayfair district as a boutique hotel. The construction work started in November of the previous year and is expected to finish by the end of 2027.
- Partnerships: Entered a partnership with Cain International to operate 23 serviced residences at South Audley Street in Mayfair, with completion slated for 2022, marking its initial bid to enter the UK and European markets.
- Expansion: The move is part of a trend of Indian hotel companies, like Oberoi, expanding globally to leverage their brand value among Indian travelers.
Conclusion
Oberoi Hotels and Resorts is focused on international expansion, particularly in the European market. This move aligns with the broader trend of Indian hospitality brands establishing a global presence, aiming to attract the growing number of Indian travelers who are exploring destinations worldwide. The new London property is a notable step in this strategic expansion.
