MUMBAI– Indian Resorts Restricted (IHCL), India’s largest hospitality firm, has continued to chart its journey of speedy growth, with an industry-leading signing of 50 new accommodations along with opening 27 new accommodations up to now 24+ months. This era marks IHCL signing probably the most variety of accommodations in India in each, 2020 and 2021, including over 5,500 keys to its portfolio.
Commenting on IHCL’s accelerated progress, Mr. Puneet Chhatwal, Managing Director & Chief Govt Officer, IHCL, said, “IHCL has continued on its trajectory of portfolio growth in a quickly evolving hospitality panorama, with two signings every month during the last 24 months. This has been supported by a fast-paced opening of accommodations. IHCL is well-poised to satisfy our objective of a 300-hotel portfolio by 2025, pushed by an asset gentle mannequin to realize worthwhile progress. We look ahead to the continued help of our homeowners and companions who’ve reposed their belief in us.”
Suma Venkatesh, Govt Vice President – Actual Property and Growth, IHCL, additional added, “Having the utmost variety of signings in India up to now two years is a testomony to the facility of our manufacturers. IHCL continues to be the popular associate for traders, enabling us to develop long-term partnerships throughout a number of tasks. The long-term renewal of our agreements is a testomony to the stakeholder worth IHCL creates.”
IHCL will look to strengthen its presence in key international markets which have substantial buyer crossover with India, via strategic partnerships. The current opening of Taj Exotica Resort & Spa in Dubai is in keeping with this imaginative and prescient.
About The Indian Resorts Firm Restricted
The Indian Resorts Firm Restricted (IHCL) and its subsidiaries carry collectively a gaggle of manufacturers and companies that provide a fusion of heat Indian hospitality and world-class service. These embody Taj – the long-lasting model for probably the most discerning travellers and ranked because the World’s Strongest Lodge Model and India’s Strongest Model as per Model Finance Resorts 50 Report 2022 and India 100 Report 2022, respectively; SeleQtions, a named assortment of accommodations; Vivanta, refined upscale accommodations; and Ginger, which is revolutionising the lean luxe section.
Included by the founding father of the Tata Group, Jamsetji Tata, the Firm opened its first resort – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 242 accommodations together with 61 below improvement globally throughout 4 continents, 11 international locations and in over 100 areas. The Indian Resorts Firm Restricted (IHCL) is India’s largest hospitality firm by market capitalization. It’s primarily listed on the BSE and NSE.
Please go to: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com
