The Ramee Group is set to launch multiple F&B outlets and hotels across India by the end of this year. The expansion to cities across India includes Bangalore, Pune, Mumbai and Indore.
With its four-decade-long legacy and luxury hotels across India, Dubai, Oman and Bahrain, the Ramee Group has an extensive network of over 40 state-of-the-art hotels and luxurious service apartments. The company has witnessed exponential growth this year and will soon introduce 16 new F&B outlets and hotels by the end of this year, two of these will be in Pune, four in Bangalore, three in Indore and six in Mumbai.
“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. With each step forward, we’re not just growing our business, but also nurturing relationships and fostering a sense of belonging. 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, Rajit Shetty.
Commenting on the expansion plans, Saurabh Gahoi, V.P India, Ramee Group stated, “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. The journey towards redefining luxury and entertainment in India begins with Ramee Group’s visionary expansion plan. Through innovative concepts, impeccable service, and a commitment to excellence, Ramee Group is set to leave an indelible mark on India’s hospitality landscape”.
The Ministry of Tourism, Foreign Tourist Arrivals (FTAs) has reported a positive growth rate of 259.4 per cent in February 2023 as compared to 240,896 in February 2022. By 2028, international tourist arrivals are expected to reach 30.5 billion and generate revenue of over US $59 billion. The Ramee Group therefore aspires to have a brand hotel in every state in India. According to the CBRE report the total investment in this space post Covid-19 is beyond USD 400 million; further, more than USD 2,300 million investments are planned.
Tourism Policy aims to generate USD 400 billion in foreign exchange earnings from tourism by 2047, compared to USD 30 billion projected for 2023.