Saturday, October 5, 2024 Indian Hotels Company (IHCL), the largest hospitality brand in India, has significantly boosted its portfolio growth in the first half of FY 2025, securing 35 new signings and launching 12 new properties. This expansion brings its total portfolio to 345 hotels, alongside an industry-leading pipeline of 115 upcoming projects. Speaking on the occasion Ms.
Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “Capturing the buoyancy in the travel and tourism sector, IHCL has demonstrated accelerated growth with a record 35 new signings in the first half of this fiscal year. The signings are well represented across our brandscape, a testament to the trust of our partners and the premium positioning each of the brands command in their segment.” She added , “Reflective of the growing demand outside the top ten cities in India, 70% of the new signings were in fast emerging markets of Srinagar, Varanasi, Mangalore, Kanpur, Mysore, Hosur, Lonavala among others.
In line with our international growth strategy, we extended our presence in the Indian Subcontinent and the Middle East with signings in Bhutan and Bahrain. Pursuing select investments, we will be developing a 200-key project in Ranchi under the Taj brand.” Ms.
Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL added , “Our hotel openings in the first half have kept pace with our guidance of two hotels a month. We forayed into new mark.
