DLF-Hilton's joint venture faces regulatory delays for the Hilton Garden Inn project in New Delhi, but the partnership remains strong with 17 projects underway.
Indian developers diversify into hospitality due to low real estate margins, high lending rates, and strict financing norms.
Hilton plans to add 300 hotels in Asia over the next decade, focusing on India and China to capitalize on the travel boom. The expansion includes a joint venture with DLF Ltd. in India, aiming to open 75 hotels in five years.
DLF Ltd plans to invest $5 billion over seven years to build 125 hotels in India, addressing a significant shortfall in tourism accommodation as demand rises.