New Launch9 Jan 2025, 06:20 pm
IHCL Sets New Growth Benchmark in 2024 with 85 Signings and 40 Hotel Openings
AI Summary
The Indian Hotels Company (IHCL), India’s largest hospitality company, has set a new growth benchmark with 85 signings and 40 openings in 2024. This has taken its portfolio to 360 hotels with an industry-leading pipeline of 123 hotels. The growth is attributed to the continued expansion of the brandscape, including the launch of the re-imagined Gateway, acquisition of majority shareholding in Tree of Life brand holding company, and entry into a brand license agreement for The Claridges.
Key Highlights
- IHCL sets a new growth benchmark with 85 signings and 40 openings in 2024
- IHCL's portfolio now includes 360 hotels with a pipeline of 123 hotels
- IHCL launched the re-imagined Gateway, acquired majority shareholding in Tree of Life, and entered into a brand license agreement for The Claridges
- IHCL's strategy Accelerate 2030 focuses on capital light growth
- The Taj brand remains at the forefront of IHCL's growth with 19 signings in 2024