Sunday, July 7, 2024
Studying Age: 2 mins
Indian Accommodations Corporate Restricted (IHCL) expands its portfolio to 326 resorts in Q1 FY 2025 with 16 unused signings and six openings, showcasing tough enlargement and trade management.
The Indian Accommodations Corporate (IHCL), the chief hospitality emblem in Bharat, has maintained its tough enlargement trajectory within the first quarter of fiscal occasion 2025. Right through this era, IHCL attach 16 unused guarantees and inaugurated 6 unused homes, bringing their general portfolio to 326 resorts. This contains an important pipeline of 102 after resorts, reinforcing their trade management.
Talking at the future Ms. Suma Venkatesh, Govt Vice President – Actual Property & Construction, IHCL mentioned, “Quarter one signings are reflective of our development strategy of accelerating growth and maintaining leadership in the Indian sub-continent. We entered into agreements for new markets like a Taj in Kanpur and Panchkula and a Gateway in Sarnath and Barnala. We grew our presence with multiple brands in existing markets with signing of Tree of Life resorts in Gangtok and Srinagar, a Taj in Anjuna, Goa and Gateway in Sawai Madhopur.”
She added, “IHCL’s brandscape is well represented across these 16 signings including a strong response to the re-imagined Gateway brand.”
IHCL’s Portfolio as of thirtieth June 2024
| Emblem | Running Accommodations | Pipeline Accommodations | Overall |
|---|---|---|---|
| Taj | 81 | 33 | 114 |
| SeleQtions | 23 | 13 | 36 |
| Tree of Month | 16 | 0 | 16 |
| Gateway | 8 | 8 | 16 |
| Vivanta | 30 | 22 | 52 |
| Ginger | 66 | 26 | 92 |
| TOTAL | 224 | 102 | 326 |
Ms. Deepika Rao, Govt Vice President – Resort Openings & Pristine Companies, IHCL added, “Our hotel openings in the first quarter have kept pace with our guidance of two hotels a month, from foraying into new leisure destinations with a 77 keys SeleQtions at Mahabaleshwar to being present in prominent commercial hubs like Nagpur with an 86 keys Ginger hotel. We also added to our presence in the industrial city of Jamshedpur with 94 keys Vivanta hotel.”
She added, “In line with IHCL’s asset management strategy of protecting the leadership of its iconic hotels, Taj Malabar Resort & Spa, Cochin was reopened after a comprehensive renovation.”
Tags: gateway resorts, ginger resorts, Hospitality Business, Resort Information, lodge openings, lodge pipeline, Bharat, Indian hospitality, Indian Accommodations Corporate, luxurious resorts, unused lodge signings, SeleQtions, Taj Accommodations, Tree of Month, Vivanta resorts
