Hotel Solutions Partnership, an international network of experts in the hospitality industry with headquarters in the United Kingdom, has signed a Joint Venture (JV) agreement with Ten Hotels, an end- to-end hospitality solutions consultancy based in India. As part of the agreement, Ten Hotels will market the JV and its services to its existing and potential clients in the Indian sub-continent. Hotel Solutions Partnership will reciprocate in marketing Ten Hotels’ advisory services to its clients and prospects in Southeast Asia, Europe and the Americas. The JV agreement carries mutual exclusivity within the region.
With the Indian economy growing at over 8% per annum, the hospitality sector has seen rapid movement and large new investments arriving. Despite its size and economic power, India has an extremely small inventory of hotel rooms and a very nascent retail and lifestyle market. With the prospect of impending change and substantial capital being invested in hospitality and lifestyle infrastructure over the next several years, there is a growing need for professional advice to provide the industry’s investors and
operators with current knowledge of the growing hospitality sector.
Katrina Craig, Chief Operating Officer for Asia Pacific, Hotel Solutions Partnership commented, “This is a ground breaking agreement for Hotel Solutions Partnership and one that will really help us accelerate our growth in India and the Indian subcontinent. Hotel Solutions Partnership and Ten Hotels have very similar aims and highly complementary areas of expertise. We have every hope for a very successful and long-term partnership.”
Commenting on the recently signed JV, Mandeep S Lamba, President & Founder, Ten Hotels & Hospitality Solutions said, “We are very excited about our JV with Hotel Solutions Partnership. This gives our clients access to a unique reservoir of knowledge, a team of globally accomplished professionals across all hospitality domains and the networking to reach out to hotel owners and investors. India is the world’s second fastest growing tourism economy and will provide a large opportunity for good quality professional