CALCULATE YOUR SIP RETURNS

Indian Hotels Sets a New Growth Benchmark with 85 Signings and 40 Openings in 2024

Updated on: Jan 9, 2025, 5:00 PM IST
IHCL achieved record growth in 2024 with 85 signings and 40 hotel openings, reaching a portfolio of 360 hotels and 123 in the pipeline, under its Accelerate 2030 strategy.
Indian Hotels Sets a New Growth Benchmark with 85 Signings and 40 Openings in 2024
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The Indian Hotels Company Limited (IHCL), India’s largest hospitality enterprise, marked a remarkable year in 2024 by achieving an unprecedented 85 signings and inaugurating 40 hotels. This expansion brought IHCL’s portfolio to an impressive total of 360 properties, including an industry-leading pipeline of 123 hotels. The share price of IHCL is down by 1.19% as of 1:17 PM on January 9, 2025.

Diverse Brand Expansion

IHCL’s growth was driven by strategic initiatives, such as reimagining its Gateway brand as a full-service upscale offering and acquiring a majority stake in the boutique leisure Tree of Life brand. The company also entered a brand license agreement for The Claridges, which began with managing its landmark property in New Delhi. These developments align with IHCL’s capital-light expansion model, which accounted for 75% of the year’s signings under its Accelerate 2030 strategy.

The Iconic Taj Brand Leads the Way

The Taj brand remains central to IHCL’s success, accounting for 19 signings in 2024. With a portfolio of 125 hotels, Taj’s legacy of world-class hospitality continues to attract demand from metropolitan areas, leisure destinations, and international markets. Taj was also recognised as the World’s Strongest Hotel Brand in 2024, underscoring its global prominence.

Significant Openings Across India

IHCL achieved a record of 40 hotel openings, spearheaded by the Ginger brand with 10 launches. New properties were added in picturesque locations like Munnar, Mahabaleshwar, and Jaisalmer while expanding IHCL’s presence in Goa and Gangtok. Key developments included a Taj resort in Puri and a SeleQtions hotel in Tirupati, catering to the growing pilgrimage circuit.

Enhancing Connectivity through Strategic Locations

The Taj brand extended its footprint at prominent airports, including a new property at Cochin International Airport, complementing its presence in Mumbai and Bengaluru. An upcoming Taj at New Delhi airport further strengthens IHCL’s strategic positioning.

Ambitious Goals under Accelerate 2030

IHCL’s achievements in 2024 represent a significant stride towards its ambitious target of a 700-hotel portfolio by 2030. With a blend of luxury and lean luxe offerings, IHCL continues to redefine Indian hospitality on a global scale.

About IHCL

Incorporated by Jamsetji Tata, IHCL operates a diverse portfolio of brands, including Taj, SeleQtions, Vivanta, Gateway, Tree of Life, and Ginger. With a presence in over 150 locations across 13 countries, IHCL combines Indian warmth with world-class service.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 9, 2025, 5:00 PM IST

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers