Ramee Group is actively preparing to launch a multitude of food and beverage establishments and hotels across several Indian cities by the end of the year. This expansion initiative will encompass prominent destinations such as Bangalore, Pune, Mumbai, and Indore.
Ramee Group boasts an extensive network comprising over 40 contemporary hotels and luxurious serviced apartments. The company has witnessed exceptional growth this year and is on the verge of introducing 16 brand-new food and beverage outlets and hotels by the end of the year.
Of these, Pune will receive two, Bangalore will welcome four, Indore will see three, and Mumbai will accommodate six.
“As we embark on this new phase of expansion, we are driven by our commitment to create exceptional experiences and extend our legacy in the hospitality industry. The future is brimming with opportunities, and Ramee Group is set to illuminate new destinations with our unique blend of service and excellence,” stated Managing Director, Mr. Rajit Shetty.
The Ministry of Tourism has reported a remarkable surge in Foreign Tourist Arrivals (FTAs) in February 2023 compared to February 2022. In the latter, there were 240,896 arrivals, but in February 2023, there was a remarkable growth of 259.4%.
Looking ahead to 2028, the global tourist influx is projected to reach a substantial 30.5 billion, accompanied by anticipated revenues surpassing US$ 59 billion. In light of this outlook, Ramee Group envisions the establishment of a branded hotel presence in every Indian state.
“Ramee Group’s expansion plan will create significant employment opportunities, contribute to local economies, and elevate India’s profile as a global destination for luxury hospitality and entertainment. Through innovative concepts, impeccable service, and a commitment to excellence, Ramee Group is set to leave an indelible mark on India’s hospitality landscape.” said, Mr Saurabh Gahoi, VP India, Ramee Group.
As per a report by CBRE, the cumulative investment in the tourism sector during the post-COVID-19 period (2020-2023) has exceeded USD 400 million, with future investment plans surpassing a substantial USD 2,300 million.
The Tourism Policy has established an ambitious goal of attaining foreign exchange earnings of USD 400 billion from tourism by 2047, representing a substantial increase from the anticipated USD 30 billion for the year 2023.
As the Indian hospitality sector continues to demonstrate consistent growth, Ramee Group takes pride in its role and contribution to the advancement of the nation.