Inside Indian Hotels Company's Strategy to Double to 700 Hotels
Skift Take
The parent companies of both the Oberoi and Taj brands are tapping into the growing demand for unique, high-end experiences — both from the Indian diaspora and international travelers.
The Indian Hotels Company Limited (IHCL) said it aims to double its portfolio to over 700 hotels by 2030, and double its revenue to INR 150 billion.
International expansion of its Taj brand will drive a lot of the growth.
“On the international front, anything which is beyond 2 to 3 hours of flying distance, we don't think we want to go with any other brand other than Taj,” said Puneet Chhatwal, managing director and CEO, during an investors meeting.
“Taj is the brand with which we want to grow, and we will go to markets, which are relevant for us, like Singapore or Thailand in Southeast Asia or Switzerland in Europe or another hotel in London or another one in markets like Birmingham, where the Indian diaspora is very strong,” he said.
Taj
