IHCL aims for double-digit growth, plans 25-30 hotel openings this fiscal. It will launch hotels overseas but focus on India. Chhatwal, MD and CEO, says FY2025 will be a breakthrough year for international expansion, with a primary focus on the Indian subcontinent. The branded hotel supply in India is expected to grow fivefold in the next 7-10 years. IHCL reported a 29% rise in net profit for Q4 FY2024. It will introduce a re-imagined Gateway hotel offering in the upscale segment, targeting growth opportunities in emerging micro markets.
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the third quarter ending December 31st, 2023.
Suma Venkatesh, executive vice president - real estate and development, IHCL said 2023 marks six consecutive years of portfolio expansion in the Indian subcontinent. "Our approach to growth has been two pronged, penetrating deeper in existing markets with multiple brands and extending our footprint to new destinations taking our presence to over 130 locations," she added.
If the best hotels in Jaisalmer are what you are looking for, then you have landed on the right page. Listed here are some of the best options and economical options for you.