ITC Hotels Share Price Gains Nearly 5%, Extends Rally After Signing 140-Key Welcomhotel Property in Jaipur

ITC Hotels share price extended its rally after the company announced the signing of a management agreement for a 140-key Welcomhotel by ITC Hotels in Jaipur. The development is part of the company's strategy to expand its footprint in Rajasthan and strengthen the presence of its Welcomhotel brand in key leisure and business destinations. 

ITC Hotels Signs Welcomhotel Property in Jaipur 

The upcoming property will be developed in Jaipur, a major tourism, wedding and events destination in India. Known for its heritage attractions and growing hospitality sector, Jaipur continues to attract domestic and international travellers throughout the year. 

The hotel will feature 140 keys, including guest rooms and suites. It will also house an all-day dining restaurant, a specialty restaurant, a lounge bar, wellness facilities, and a spa catering to both leisure and business travellers. 

Focus on Weddings and Events Segment 

A key feature of the project will be its event infrastructure. The property will offer more than 15,000 square feet of indoor banqueting space and around 22,000 square feet of outdoor greens. 

According to the company, these facilities are expected to cater to the growing demand for destination weddings, corporate meetings, conferences, and social events in Jaipur. 

Part of ITC Hotels' Expansion Strategy 

The signing aligns with ITC Hotels' broader growth strategy focused on expanding its portfolio across state capitals and high-demand hospitality markets. 

The company has recently announced hospitality projects in Bhubaneswar, Dehradun, and Hyderabad as part of its expansion plans. 

Read More: ITC Hotels Share Price in Focus; Board Approves 100% Acquisition of Zuri Hotels and Resorts 

ITC Hotels Share Price Performance 

ITC Hotels share price was trading at ₹178.80, up 4.61%, as of 1:40 PM on June 22, 2026. The stock opened at ₹173.00 and touched an intraday high of ₹178.88 and a low of ₹172.21 during the session.  

The company's market capitalisation stood at ₹37,243.62 crore. 

ITC Hotels share price has gained 12.44% over the past 1 week, compared with a 1.51% rise in the Nifty 500 index. Over the last 1 month, the stock has advanced 15.89%, while the Nifty 500 gained 2.59%. 

Conclusion 

ITC Hotels has signed a management agreement for a 140-key Welcomhotel property in Jaipur. The project will include accommodation, dining, wellness and event facilities, further expanding the company's presence in Rajasthan and supporting its broader growth strategy across high-demand hospitality markets. 

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