Ramee Group's India Expansion Drives Unprecedented Growth

Ramee Group is gearing up to introduce numerous food and beverage establishments and hotels in various Indian cities by year-end.

This expansion will encompass key locations like Bangalore, Pune, Mumbai, and Indore."

Ramee Group commands an expansive network of more than 40 cutting-edge hotels and upscale serviced apartments.

The company has experienced remarkable growth this year and is poised to unveil 16 fresh food and beverage outlets and hotels by year-end.

Among these, Pune will welcome two, Bangalore four, Indore three, and Mumbai 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 259.4% growth in Foreign Tourist Arrivals (FTAs) in February 2023 compared to February 2022, with 240,896 arrivals noted in the latter.

Looking ahead to 2028, the global tourist influx is expected to surge to 30.5 billion, with anticipated revenues exceeding US$ 59 billion. Given this, Ramee Group envisions establishing 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.

According to a CBRE report, the total investment in the tourism sector during the post-COVID-19 period (2020-2023) surpasses USD 400 million, and there are plans for investments exceeding USD 2,300 million.

The Tourism Policy sets an ambitious target of achieving USD 400 billion in foreign exchange earnings from tourism by 2047, a significant leap from the projected USD 30 billion for 2023.

As Indian hospitality continues to exhibit steady growth, Ramee Group takes pride in its contribution and role in the nation's progress.