Tata''s IHCL: 20 New Hotels Signed, 700-Hotel Goal by 2030

New Delhi, Jul 7 (PTI) Tata Group-owned Indian Hotels Company Ltd (IHCL) on Tuesday said it has signed 20 hotels in the first quarter of FY27 and is "well poised" to achieve a 700-hotel portfolio by 2030 under its 'Accelerate 2030' strategic roadmap.

The hospitality major currently has a pipeline of 263 hotels. During the quarter, the company also opened 11 new hotels across its brands.


"With a focus on our growth brands seventeen of the twenty signings this quarter (April-June) were across Gateway, Ginger and Tree of Life. These included new destinations and emerging markets like Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad and deeper penetration in established markets of Mumbai, Goa, Agra and Kolkata." said Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL.

"Taj reached a milestone of 150 hotel portfolio with three signings this quarter growing its leisure footprint to Dharamshala, Barapani in Meghalaya and Kusur valley in Maharashtra," Deepika Rao, Executive Vice President, Hotel Openings & New Businesses, IHCL said.

"This quarter, IHCL expanded its footprint with 11 hotel openings taking its operating portfolio to over 380 hotels across brands and markets. Internationally, the company strengthened its presence with the opening of Taj Hessischer Hof in Frankfurt and Taj Bush Lodge in Greater Kruger, South Africa," Rao said.