Thursday, May 23, 2024 At the 7th annual GM Conclave held in Cygnett Style Jaipur, Cygnett Hotels & Resorts unveiled their theme ‘Aggrandize Hospitality Cygnett Horizons 2024’. The event served as a crucial forum for discussing the company’s strategic growth initiatives and transformative trends in the hospitality sector. Founder and Managing Director Mr Sarbendra Sarkar shared that Cygnett is on track to open 15 new hotels and 1200 keys over the next year, with ten currently under the project & pre-opening stage.
This expansion aligns with the company’s vision of innovation and cultural transformation. The new properties opening in June, July and August, such as Cozzet Deera in Sonipat (41 keys), Cozzet Mahad (Mahad Maharashtra industrial area) (60 keys), and Cygnett Inn Airport in Jaipur (45 keys), represent the company’s commitment to meeting growing demands and maintaining high hospitality standards. Cygnett also plans to hire over 1,000 hospitality professionals and establish the Cygnett Learning Academy to address the current talent shortage and train new aspirants .
Cygnett Hotel and Resort was ranked second in new hotel signings in 2023, according to a report released by HVS. At the event, Mr Sarkar emphasised the importance of cultural transformation and innovation as the driving forces behind the company’s expansion. He noted that the rapid growth of domestic tourism and rising ADRs provide a promising outlook for the hospitality sector.
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