Mandarin Oriental in talks to enter India’s luxury hotel sector

London Stock Exchange–listed Mandarin Oriental Hotel Group has plans to enter India’s growing luxury hospitality market with plans to set up its first luxury boutique hotel within the next year, reported Live Mint.

Mandarin Oriental has 32 luxury hotels across Barcelona, Beijing, Boston, London, Miami, Paris and Singapore.

Recently, Mandarin Oriental opened its latest London property, the 40-suite Mandarin Oriental Hyde Park, a two-year £100 million ($130 million) restoration project. The most extensive refurbishment in the property’s 117-year history includes all 181 bedrooms and 40 suites, the spa, restaurants, bars and public areas.

The newly renovated hotel first opened in 1899. It was popular with politicians such as Winston Churchill and Margaret Thatcher. It also was where Queen Elizabeth II and her sister were taught to dance.

In 2018, the global luxury hotel market size was $171.1 billion, and it is expected to reach $241.8 billion by the