IHCL continues on its growth momentum of portfolio expansion in Q1 FY 2025 with 16 signings and 6 openings taking its total portfolio to 326 hotels with an industry leading pipeline of 102 hotels.
Speaking on the occasion Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “Quarter one signings are reflective of our development strategy of accelerating growth and maintaining leadership in the Indian sub-continent. We entered into agreements for new markets like a Taj in Kanpur and Panchkula and a Gateway in Sarnath and Barnala. We grew our presence with multiple brands in existing markets with signing of Tree of Life resorts in Gangtok and Srinagar, a Taj in Anjuna, Goa and Gateway in Sawai Madhopur.”
She added, “IHCL’s brandscape is well represented across these 16 signings including a strong response to the re-imagined Gateway brand.”
IHCL’s PORTFOLIO AS ON 30TH JUNE 2024
| BRANDS | OPERATING HOTELS | PIPELINE HOTELS | TOTAL |
| Taj | 81 | 33 | 114 |
| SeleQtions | 23 | 13 | 36 |
| Tree of Life | 16 | 0 | 16 |
| Gateway | 8 | 8 | 16 |
| Vivanta | 30 | 22 | 52 |
| Ginger | 66 | 26 | 92 |
| TOTAL | 224 | 102 | 326 |
Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL added, “Our hotel openings in the first quarter have kept pace with our guidance of two hotels a month, from foraying into new leisure destinations with a 77 keys SeleQtions at Mahabaleshwar to being present in prominent commercial hubs like Nagpur with an 86 keys Ginger hotel. We also added to our presence in the industrial city of Jamshedpur with 94 keys Vivanta hotel.”
She added, “In line with IHCL’s asset management strategy of protecting the leadership of its iconic hotels, Taj Malabar Resort & Spa, Cochin was reopened after a comprehensive renovation.”
Read more: News
