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IHCL Demonstrates Sustained Portfolio Enlargement in 2023

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IHCL Demonstrates Sustained Portfolio Enlargement in 2023

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Supply: IHCL

MUMBAI – Indian Motels Firm (IHCL), India’s largest hospitality firm, marks yet one more 12 months of accelerated portfolio enlargement in 2023 with 32 new motels signed and 18 new motels opened. Reinforcing its place as a pacesetter within the hospitality panorama, IHCL’s portfolio at 285 motels consists of an business main pipeline of 85 motels.

2023 marks six consecutive years of portfolio enlargement within the Indian subcontinent. Our strategy to development has been two pronged, penetrating deeper in current markets with a number of manufacturers and lengthening our footprint to new locations taking our presence to 130+ areas.

2023 noticed Taj model strengthen its presence in key metro and industrial cities with 381 rooms in Delhi, 112 rooms in Cochin and forayed in worldwide markets of Dhaka and Bhutan. Vivanta and SeleQtions collectively added 17 motels whereas Ginger on the again of its lean luxe positioning signed 6 new motels. This accelerated portfolio development is a testomony to the belief of companions in IHCL’s reimagined brandscape. Ms. Suma Venkatesh, Government Vice President – Actual Property & Growth, IHCL 

IHCL’s PORTFOLIO

— Supply: IHCL

The tempo of opening new motels has in the present day introduced us to the 2 hundredth working lodge milestone with the launch of Gorbandh Palace, Jaisalmer. The 12 months was additionally marked by landmark new lodge openings in key markets like Mumbai the place IHCL launched Taj The Timber and the 371 keys flagship Ginger at Mumbai airport. Enhancing its leisure providing, IHCL opened Taj Sawai Ranthambore, Baragarh Resort & Spa, SeleQtions in Manali, Taj Guras Kutir Resort & Spa in Gangtok and entered new markets with Taj in Gandhinagar, Vivanta in Tawang and Jammu, SeleQtions in Indore, and Ginger in Gangtok and Zirakpur amongst others. Ms. Deepika Rao, Government Vice President – Lodge Openings & New Companies, IHCL

About The Indian Motels Firm Restricted

The Indian Motels Firm Restricted (IHCL) and its subsidiaries convey collectively a bunch of manufacturers and companies that supply 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 as India’s Strongest Model 2023 as per Model Finance; SeleQtions, a named assortment of motels; Vivanta, subtle upscale motels; and Ginger, which is revolutionising the lean luxe phase.

Integrated by the founding father of the Tata Group, Jamsetji Tata, the Firm opened its first lodge – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 285 motels together with 85 beneath improvement globally throughout 4 continents, 12 nations and in over 100 areas. The Indian Motels 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

Kirti Dhingra
IHCL

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