The largest hotel firm in India, Indian Hotels Company Ltd., announced on Monday that it is on track to expand its portfolio of 260 hotels to 300 hotels by 2025. With the signing of 36 new hotels and the inauguration of 16 new hotels in the previous year, Indian Hotels Company Ltd (IHCL) claimed that portfolio expansion increased in FY 2022–23, which concluded in March. There are 73 hotels in the pipeline right now.
The company claimed that it was still well-positioned to reach its goal of 300 hotels by 2025 with its current portfolio of 260 hotels.
IHCL reports that the venerable brand Taj is expected to surpass the 100-hotel mark from its present 98 hotels with the signing of eight new properties.
IHCL has experienced a remarkable year of growth with an unheard-of momentum of portfolio expansion, according to Puneet Chhatwal, the company's managing director and chief executive officer. Our portfolio now includes 260 properties after we signed a record-breaking 36 hotels throughout this fiscal year.
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