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 hospitality company s revenue rose 16.5% and net profit 25.5%. Its new ventures like budget hotels and catering services showed significant growth, too.
For two years now, hospitality firms have had a good run. Hotel rates have shot up and occupancies have normalized to a higher level than before the covid. But we know that past performance isn’t an assurance of future results. What can keep the sector’s operating performance healthy, going ahead?
IBIZA – an IHCL SeleQtions will have 130 keys, including eight suites, spread over 11 acres in Kriparampur, a popular tourist destination. The property will also boast a 5,400 sq. ft. ballroom, conference halls, pre-function areas, meeting rooms and scenic outdoor venues.
TataNeu super app will be a great competitive advantage for us: Puneet Chhatwal, MD & CEO, IHCL : Rashtra News #TataNeu #super #app #great #competitive #advantage #Puneet #Chhatwal #CEO #IHCL TataNeu, a super app to be launched soon that will integrate several Tata brands offering shopping, entertainment, flights, hotels, food, etc, with customers earning and