They strengthened their hotel footprints across Europe, Middle East, Eurasia and Africa (EMEA), with important new openings and a series of new market entries over the past year their expansion included a number of important markets such as Greece, Germany, Portugal, Georgia as well as the Middle East, Africa, and India

It also ramped up its presence across the Middle East and Africa

They also announced three new hotels in Dubai as part of the Deira Waterfront Development by (Ithra) Dubai

In India seven new opening across important locations such as New Delhi, Bangalore, and Jaipur

The key openings by Wyndham Hotels & Resorts:

Comwell Aarhus, Dolce by Wyndham, Denmark: First hotel in the country is set near the harbour, surrounded by cosy cafes and restaurants

La Quinta by Wyndham Istanbul Gunesli, Turkey: It opened in December 2019

In 2020 they are planning to include more Super 8 by Wyndham hotels in Mainz and Augsburg (Germany)

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Vikrant Batra, co-founder said that they will set up smaller formats of its flagship brand as part of its expansion blueprint, where “Lower rentals, quicker break-even and servicing from centralized kitchens will give us more efficiencies on top line and profitability” We intend to go to markets where capex is low.

The expansion will involve a mix of large and smaller format outlets, gradually to tap captive markets with relatively lower spending such as universities. Railway stations and airports are the other potential channels

We have to raise funds internally and have to maintain the cross sale of Rs 100 crore in 2019-20.

A food service report by National Restaurants Association of India (NRAI) estimates the industry at over Rs 4 lakh crore in FY19, forecasted to grow to Rs 5.5 lakh crore by 2021

The government slashed GST rates on restaurants to 5% from 18% in November 2017

The withdrawal of the input tax credit has been a big setback on profitability and margins