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IHCL Demonstrates Sustained Portfolio Growth in 2023

Supply: IHCL

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

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

2023 noticed Taj model strengthen its presence in key metro and business 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 accommodations whereas Ginger on the again of its lean luxe positioning signed 6 new accommodations. This accelerated portfolio progress is a testomony to the belief of companions in IHCL’s reimagined brandscape. Ms. Suma Venkatesh, Govt Vice President – Actual Property & Improvement, IHCL 


— Supply: IHCL

The tempo of opening new accommodations has as we speak introduced us to the two hundredth working resort milestone with the launch of Gorbandh Palace, Jaisalmer. The 12 months was additionally marked by landmark new resort 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, Govt Vice President – Lodge Openings & New Companies, IHCL

About The Indian Accommodations Firm Restricted

The Indian Accommodations Firm Restricted (IHCL) and its subsidiaries deliver collectively a bunch of manufacturers and companies that provide a fusion of heat Indian hospitality and world-class service. These embrace Taj – the enduring model for probably the most discerning travellers and ranked as India’s Strongest Model 2023 as per Model Finance; SeleQtions, a named assortment of accommodations; Vivanta, refined upscale accommodations; and Ginger, which is revolutionising the lean luxe section.

Integrated 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 285 accommodations together with 85 underneath growth globally throughout 4 continents, 12 international locations and in over 100 areas. The Indian Accommodations Firm Restricted (IHCL) is India’s largest hospitality firm by market capitalization. It’s primarily listed on the BSE and NSE.

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Kirti Dhingra

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