IHCL Accelerates Growth with 35 Signings and 12 Openings in H1 FY 2025

IHCL Accelerates Growth with 35 Signings and 12 Openings in H1 FY 2025

By Nishang Narayan

Published on October 7, 2024

The Indian Hotels Company (IHCL) has marked impressive growth in the first half of FY 2025, with 35 new signings and 12 hotel openings, bringing its total portfolio to 345 hotels. The company also boasts an industry-leading pipeline of 115 hotels, reflecting its aggressive expansion strategy.

Speaking about this momentum, Suma Venkatesh, Executive Vice President – Real Estate & Development at IHCL, emphasized the buoyancy in the travel and tourism sector. She remarked, "IHCL's record signings in H1 FY 2025 across our diverse brandscape is a testament to the trust of our partners and the premium positioning of our brands. This expansion aligns with the growing demand for hospitality beyond India's top ten cities, as 70% of our new signings are in emerging markets like Srinagar, Varanasi, Mangalore, Kanpur, Mysore, Hosur, and Lonavala."

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Venkatesh also highlighted IHCL's international growth, with signings in Bhutan and Bahrain, and a 200-key Taj project set to launch in Ranchi. These strategic moves underscore the company’s commitment to both domestic and international markets.

Adding to this, Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, highlighted that the company’s hotel openings have kept pace with their ambitious target of opening two hotels per month. In the first half of FY 2025, IHCL expanded its footprint with a Taj in Patna, SeleQtions at Mahabaleshwar, and a Ginger hotel in Nagpur. Additionally, the company enhanced its presence in cities such as Srinagar, Gangtok, Udaipur, Jamshedpur, Coimbatore, and Delhi.

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In the second quarter, IHCL also launched a reimagined Gateway brand with a new hotel in Bekal and the migration of four hotels located in Nashik, Coonoor, Madurai, and Chikmagalur.

With a strong focus on both domestic and international expansion, IHCL is well-positioned to continue its industry-leading growth trajectory, meeting the growing demand for premium hospitality across diverse markets.


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