The companies aim to add more than 60 hotels across India in 10 years
Dimitris Manikis (left), EMEA president, Wyndham Hotels & Resorts, and Sarbendra Sarkar, founder and MD, Cygnett Hotels & Resorts, after signing a 10-year deal to launch La Quinta and Registry Collection Hotels in India, Bangladesh and Sri Lanka.
Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.
Wyndham and Cygnett signed a 10-year deal to launch La Quinta and Registry Collection Hotels in India, Bangladesh and Sri Lanka.
Gurgaon-based Cygnett, founded in 2014, is led by Founder and Managing Director Sarbendra Sarkar.
In June, Wyndham CEO Geoff Ballotti announced India expansions at the company’s 2025 Global Conference in Las Vegas.
WYNDHAM HOTELS & RESORTS and Cygnett Hotels & Resorts signed a 10-year deal to launch La Quinta by Wyndham and Registry Collection Hotels in India, Bangladesh and Sri Lanka. The partnership aims to add more than 60 hotels across the region over the next decade.
The Wyndham-Cygnett deal is the latest in a series of development agreements to meet rising travel demand in India, Wyndham said in a statement.
“This partnership is the next chapter in Wyndham’s Eurasia growth story, with India as a key strategic market that we’ve grown alongside for decades,” said Dimitris Manikis, Wyndham’s president for EMEA. “Cygnett shares our commitment to sustainable, long-term growth while meeting demand from travelers seeking experiences that blend comfort, authenticity, and excellence. We’re introducing stays across the full spectrum—from quality hotels to luxury escapes—bringing Wyndham brands to more destinations across the region.”
With domestic travel spending reaching $186 billion last year and leisure travel projected to grow 12 percent annually, Wyndham is targeting a fast-evolving market driven by infrastructure investment, a growing middle class, and rising tourism.
India, Gurgaon-based Cygnett, founded in 2014, is led by Founder and Managing Director Sarbendra Sarkar. He said partnering with Wyndham provides the scale, global recognition, and brand strength to expand quickly and deliver value to owners and guests.
“We are proud to help grow La Quinta and Registry Collection Hotels—two global brands that complement our portfolio and align with demand in the region for high-quality hotel and guest experiences,” Sarkar said. “Our regional network and commitment to brand integrity position us to lead the rollout of these brands across South Asia.”
As part of the deal, Wyndham and Cygnett signed an exclusive agreement to develop La Quinta across India, Nepal, Sri Lanka and Bangladesh, with plans for more than 50 hotels. The rollout, a mix of new builds and conversions, is expected to begin by late 2026. At present, the brand has a presence in more than 900 locations globally and targets upper-midscale business and leisure travelers.
Wyndham and Cygnett will also introduce Registry Collection Hotels in India under a nonexclusive 10-year agreement to develop 10 properties. The hotels will be co-branded with Anamore, Cygnett’s new 5-star brand, with the first opening expected in 2026. Registry Collection Hotels also operate in more than 30 global locations and focus on boutique and luxury stays.
In June, Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts, announced several initiatives at the company’s 2025 Global Conference at Caesars Forum in Las Vegas, including expansion plans in India.
Luxury hotel demand exceeds supply in India due to entry barriers, JM Financial reported.
Land, regulation, zoning, costs and long gestation hinder expansion.
Luxury room demand is projected to grow 10.6 percent CAGR from fiscal 2024–2028.
THE LUXURY HOTEL sector in India faces strong demand, but supply is constrained by high entry barriers, according to a JM Financial study. Land availability, regulations, zoning laws, capital costs and long gestation periods hinder expansion.
Demand for luxury hotel rooms is rising, driven by higher incomes and a shift toward premium experiences, boosting ADR and occupancy, Economic Times reported, citing the study. Luxury rooms demand is projected to grow at a CAGR of 10.6 percent between fiscal 2024 and fiscal 2028, while supply is expected to rise 5.9 percent over the same period.
Upscale and upper-upscale segments accounted for 34 percent of properties signed in 2024, up from 26 percent in 2023, HVS Anarock reported, according to ET. The luxury segment rose to 9 percent, nearly doubling its share from 5 percent last year.
Higher incomes, a demand-supply gap, shifting consumer preferences and limited luxury hotel inventory drove ARR growth and occupancy in the luxury segment from fiscal 2014 to fiscal 2024, the report said.
India’s hospitality industry had about 3.4 million keys as of March 31, 2024, the study said.
The organized sector—branded hotels, aggregators and quality independent hotels—accounted for 11 percent or about 375,000 keys. Of this, branded hotels made up 45 percent or about 170,000 keys, while the luxury segment comprised 17 percent of the branded market or about 29,000 keys.
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