New Delhi, Aug. 24 -- Radisson Hotel Group, which runs brands like Radisson Blu, Radisson, Radisson RED, and Park Inn by Radisson, is betting on India's expanding travel market, targeting a portfolio of 500 hotels in the country by 2030. The group, which currently operates more than 140 hotels and has another 70 in the pipeline, is treating India as a strategic growth market-second only to China in terms of number of properties, its top executive said.

"There are very few countries where we have 200 hotels. Is the 500-hotel goal ambitious? Yes. But think about the size and opportunity of India," Federico J. Gonzalez, executive vice president, Radisson Hotel Group, said, speaking withMint during his visit to India this week. "How business...