Indian Hotels Company Limited Unveils Growth Plan for 2030, Targets 700+ Hotels

The Indian Hotels Company Limited (IHCL) announced its strategy for the next decade, ‘Accelerate 2030,’ on November 19, 2024. The strategy outlines ambitious growth plans, including doubling the company’s portfolio to over 700 hotels and boosting its consolidated revenue to INR 15,000 crores.

Puneet Chhatwal, Managing Director and CEO of IHCL, confirmed that the company’s strong performance and solid financial position will support the firm’s growth. The planned expansion will be supported by India’s predicted GDP growth of over 6.5%, the government’s focus on infrastructure, and the increasing affluence of the consumer base.

The ‘Accelerate 2030’ strategy aims to diversify IHCL’s brand portfolio, introducing new brands to meet various market needs. The focus will be on boosting revenue through traditional businesses and management fee, alongside new and re-imagined businesses.

Ankur Dalwani, IHCL’s Executive Vice President and CFO, announced that the company plans to invest up to INR 5,000 crores over the next five years, targeting existing properties and potential expansion projects. The firm also plans to distribute 20% to 40% of PAT to the shareholders while maintaining a cash reserve for future investments.

The ‘Accelerate 2030’ strategy also outlines plans for international expansion, particularly in global gateway cities, focusing on capital-light routes with the Taj brand. The company’s other brands, Taj, SeleQtions, and Vivanta, are expected to contribute 100 hotels to the pipeline.

IHCL plans to maintain its industry leadership through operational excellence, an industry-leading ESG+ framework of Paathya, and its world-renowned service standards.