IHCL Targets Doubling Hotel Portfolio to Over 700 Properties by 2030

The Indian Hotels Company Limited (IHCL) has unveiled plans to double its hotel portfolio to over 700 properties by 2030. With an investment of ₹5,000 crore, IHCL intends to grow significantly from its current 350 hotels, of which 232 are operational. The announcement was made by the company’s Managing Director and CEO, Puneet Chhatwal.

He emphasized that IHCL has already surpassed its previous growth targets, delivering ten consecutive quarters of strong financial performance. This success, supported by a solid balance sheet, sets the stage for the company to advance its growth plans confidently.

While the expansion will have a global dimension, with potential ventures in cities like Frankfurt and London, IHCL has stated that 80% to 90% of its growth will be within India. This domestic focus aligns with the robust demand from local travelers and the company's belief in the long-term growth potential of the Indian hospitality market.

IHCL plans to expand its brand portfolio by launching new offerings tailored to diverse market segments. It operates under renowned brands like Taj, Ginger, Vivanta, Gateway, Qmin, amã Stays & Trails, Tree of Life, and Taj Sats. These brands cater to a wide range of customer preferences, from luxury travelers to budget-conscious guests. The company has also announced the addition of branded residences and new luxury offerings, including The Claridges, to its portfolio.

Approximately 75% of the new hotels will target key segments such as boutique leisure properties under Tree of Life, upscale accommodations with the reimagined Gateway brand, and midscale options through Ginger. This diversification is expected to capitalize on emerging consumer trends and the increasing demand in Tier I and Tier II cities.

IHCL has ambitious financial targets alongside its expansion plans. It aims to double its consolidated revenue to ₹15,000 crore by 2030 while maintaining industry-leading margins and achieving a 20% return on capital employed. In addition to financial growth, the company is committed to creating jobs, having already added 10,000 direct jobs in India over the past five years. This employment growth is expected to continue as IHCL expands its footprint in the hospitality sector.

Internationally, the company plans to grow selectively in gateway cities under the Taj brand, focusing on a capital-light approach to mitigate risks. While foreign tourist arrivals remain below pre-COVID levels, IHCL remains optimistic about a recovery. However, it is leveraging strong domestic demand as a primary driver for growth in the interim.

The company’s decision to target international and domestic markets reflects its vision of balanced growth. Although international expansions will depend on favorable opportunities, the majority of the growth will be rooted in India, supported by the country's growing middle class, improving infrastructure, and increasing propensity for travel among domestic tourists.

IHCL’s robust strategy is also geared toward enhancing its brand equity and customer loyalty. By focusing on high-quality service, diversified offerings, and strategic location choices, the company aims to strengthen its position as a leader in the Indian hospitality industry while increasing its global footprint.