Hotel agreements announced in India during October cover an estimated 7,200 rooms and keys across the deals reviewed, adding planned capacity in smaller cities, airport districts and Bengaluru.
That estimate combines approximate room and key figures from separate announcements; it is not a total published by one company. Mint reported Nov. 1 that hotel signings across the industry were near 10,000 rooms for the month. The company announcements do not provide a consolidated industry tally.
Lemon Tree Hotels and its subsidiary Carnation Hotels Private Limited signed a memorandum of understanding (MoU) with Omaxe on Oct. 16. The arrangement would put Carnation in charge of operating about 4,000 keys across 10 projects in eight locations, including Lucknow, Vrindavan, Amritsar and Faridabad. Lemon Tree said the deal supports its asset-light strategy and would take its development pipeline to nearly 16,000 keys. The company described it as its largest individual operating signing.
Indian Hotels Company (IHCL) agreed with Adani Airport Holdings Limited (AAHL) on eight hotels with more than 2,000 rooms in Mumbai, Ahmedabad, Lucknow and Guwahati. AAHL will develop the hotels, and IHCL will operate them under its Taj, Vivanta, Gateway and Ginger brands. IHCL separately announced three Gateway hotels in Lucknow, Agra and Alwar, totaling 569 keys.
Hyatt affiliates signed management agreements with affiliates of Brigade Group on Oct. 26 for two planned Hyatt Regency hotels in Bengaluru. The projects are expected to add about 600 rooms: roughly 350 at Brigade Global Park and 250 at a planned Whitefield-Kadugodi Road township. Hyatt cited business travel, meetings and events as sources of demand in the city.
The agreements assign development roles to Omaxe and AAHL while hotel companies take operating or management roles. Taken together, the deals suggest developers gain hotel partners and chains gain managed or branded capacity, but the signings do not establish an equivalent increase in net-new rooms.
India recorded about 4,287 million domestic tourist visits in 2025, up 45.55% from 2024, according to the Ministry of Tourism; the figure counts visits, not unique travelers. HVS Anarock reported 64,118 keys signed across 586 properties that year, a new high. It cited decentralizing economic activity, connectivity, local demand and relatively lower development costs as factors supporting growth beyond major cities. IHCL describes its 122-key Alwar project as brownfield, so the combined estimate should not be read as entirely new room supply.
