TTT NEWS NETWORK
MUMBAI, 3 OCTOBER 2024:
Indian Hotels Company (IHCL), India’s largest hospitality company, accelerates its growth momentum of portfolio expansion in H1 FY 2025 with 35 signings and 12 openings taking its total portfolio to 345 hotels with an industry leading pipeline of 115 hotels.
Speaking on the occasion Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “Capturing the buoyancy in the travel and tourism sector, IHCL has demonstrated accelerated growth with a record 35 new signings in the first half of this fiscal year. The signings are well represented across our brandscape, a testament to the trust of our partners and the premium positioning each of the brands command in their segment.”
She added, “Reflective of the growing demand outside the top ten cities in India, 70% of the new signings were in fast emerging markets of Srinagar, Varanasi, Mangalore, Kanpur, Mysore, Hosur, Lonavala among others. In line with our international growth strategy, we extended our presence in the Indian Subcontinent and the Middle East with signings in Bhutan and Bahrain. Pursuing select investments, we will be developing a 200-key project in Ranchi under the Taj brand.”
Ms. Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL added, “Our hotel openings in the first half have kept pace with our guidance of two hotels a month. We forayed into new markets with a Taj in Patna, SeleQtions at Mahabaleshwar and Ginger at Nagpur. We strengthened our presence in Srinagar, Gangtok, Udaipur, Jamshedpur, Coimbatore and Delhi.”
She added, “In Q2, the re-imagined Gateway launched with a new hotel opening in Bekal and migration of four hotels in Nashik, Coonoor, Madurai and Chikmagalur.”
IHCL’S PORTFOLIO AS ON 30TH SEPTEMBER 2024
| BRANDS | OPERATING HOTELS | PIPELINE HOTELS | TOTAL |
| Taj | 82 | 39 | 121 |
| SeleQtions | 24 | 14 | 38 |
| Tree of Life | 16 | 2 | 18 |
| Gateway | 8 | 11 | 19 |
| Vivanta | 30 | 22 | 52 |
| Ginger | 70 | 27 | 97 |
| TOTAL | 230 | 115 | 345 |
About The Indian Hotels Company Limited :
The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Hotel Brand 2024 and India’s Strongest Brand 2024 as per Brand Finance; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.
Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 345 hotels including 115 under development globally across 4 continents, 13 countries and in over 130 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.
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