Indian Hotels Company

The Tata Group's Indian Hotels Company already is already in a partnership with Sardar Sarovar Narmada Nigam (SSNNL) and plans to launch two properties, namely Vivanta and Ginger

But ITC's strong run currently is not restricted to a single segment - all businesses are on a high

So far in calendar year (CY22), frontline indices Nifty50 and the S&P BSE Sensex have climbed around 4 per cent each, as against 10-20 per cent fall in most of the global indices

Best hotels ranked by customer experience, location, analysis of reviews: CEO Ritesh Agarwal

Room demand across business cities remained strong during the quarter, primarily driven by MICE and other business-related travel

Loya, the latest offering by Indian Hotels at Taj Palace, New Delhi, offers a confluence of flavours from the foothills of Himalayas, the fields of Punjab, the Gangetic plains, and snow-laden Kashmir

Companies across the sectors, particularly the multinationals want to do more for employees to attract them to come to office

Energy sector has emerged as the main investment sector with 57 per cent of the proposed being implemented.

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors

Meanwhile, the stock has surged 55 per cent against its qualified institutional placement (QIP) price of Rs 202 per share

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

The company's revenue surged by 249.45 per cent to Rs 1,293 crore during the quarter under review, compared to Rs 370 crore in the year-ago period.

The hospitality industry is expected to do well going forward barring unforseen situations, and occupancy of Indian Hotels Company Ltd is expected to rise, company's chairman N Chandrasekaran said

The 'Hotels 50 2022' annual report by the world's leading brand valuation consultancy recognizes the most valuable and strongest hotel brands across the globe

The region's storied estates are upping the luxe quotient by foraying into hotels and resorts

Lower costs, improving occupancies as well as room rents augur well

Imported fare makes way for homegrown produce

The Indian Hotels Company (IHCL) is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025. We have signed over 100 hotels and opened over 40 hotels in the past five years, becoming the fastest growing hospitality company in India. Ahvaan 2025 will further accelerate our profitable growth by scaling our diversified brand portfolio across traditional and new businesses," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told reporters on Monday. IHCL aims to build a portfolio of 300 hotels, clocking 33 per cent EBITDA margin, of which 35 per cent EBITDA share contribution is expected to come from new businesses and management fees by 2025-26, he said. The hospitality company is also focused to strengthen the balance sheet with focus on free cash flows and be a zero net debt company, he said. Chhatwal said Ginger will be an important growth vehicle and will scale to 125

Of the 18 launches that IHCL is eyeing, 7-10 would be under the Ginger brand

IHCL's Managing Director and CEO Puneet Chhatwal said the company has been championing the cause of women and enhancing their participation, both within and outside the organisation