ITC Hotels on the Rise: Targeting 18,000 Keys in Five Years

By Author

Published on December 21, 2023

ITC Hotels, a major player in India’s hospitality sector, has unveiled an ambitious plan to significantly expand its room inventory over the next five years. As per the recent report by Business Standard, the conglomerate aims to boost its hotel room count by 50%, targeting a total of 200 hotels with 18,000 keys by 2028.

Currently, ITC Hotels boasts a portfolio of 12,000 rooms across 131 hotels in 80 destinations. This growth trajectory is part of the company's strategic focus, announced during its institutional investors and financial analysts event on December 12.

A noteworthy aspect of this expansion is the emphasis on managed hotels. Two-thirds of the new inventory is expected to fall under the managed portfolio, a significant increase from the current 50%. ITC has a pipeline of 35 managed hotels with over 3,200 keys in the works.

This expansion also includes a shift in the premium segment of the company’s offerings. Over the next five years, premium hotel keys are projected to comprise 45% of the total managed portfolio, up from the current 30%.

Additionally, ITC is exploring greenfield and brownfield projects to add around 300 rooms. In the past 24 months, the company has opened 22 hotels, capitalizing on the post-pandemic boom in the hospitality sector. With foreign tourist numbers still 85% below pre-pandemic levels, ITC anticipates a significant surge in demand.

The company's hotel segment reported record-high performance in the second quarter of this financial year, with revenues and pre-tax profits witnessing a substantial increase.

Under its Next strategy, ITC is focusing on scaling up and increasing profitability across its business verticals, with plans for innovation, exports, and acquisitions. The hotel brand profile of ITC includes luxury, upper upscale, boutique, mid and upscale, and heritage categories.

Furthermore, a demerger of the ITC Hotels Co. is on the horizon, with the board of directors approving a scheme of arrangement for the demerger of the hotel business. The new entity is expected to be listed within 15 months and will continue to use the ITC brand name.

In addition to hotel expansion, the company is also scaling up its food and beverage business, with new restaurant openings reported by ndtvprofit.com.

Join the Breast Cancer Awareness Talk Show at Eros Hotel

By Nishang Narayan

Published on October 18, 2024

In a meaningful initiative to raise awareness during Breast Cancer Awareness Month, Eros Hotel, Nehru Place, is hosting an informative talk show on breast cancer awareness. The event, scheduled for October 21st, 2024, will be held at the Lyutens Lounge from 3:00 PM to 4:00 PM.

The talk show will be hosted by Ms. Rekha Gulabani, a dedicated representative of the Indian Cancer Society, who has been actively working to spread awareness about breast cancer prevention, early detection, and support for those affected.

Eros Hotel aims to bring the community together in this critical effort to educate and inspire people about the importance of breast cancer awareness. With breast cancer being one of the most common cancers affecting women worldwide, this event provides an essential platform to learn, engage, and take action.

The hotel invites guests, local residents, and supporters to join this impactful event. Together, we can make a difference by promoting awareness and early detection, which could potentially save lives.

Event Details:

Date: October 21st, 2024
Time: 3:00 PM - 4:00 PM
Venue: Lyutens Lounge, Eros Hotel, Nehru Place

In the words of the Eros Hotel team:
"We are excited to welcome our guests to this vital event and hope that by uniting in this mission, we can contribute to raising awareness and supporting a cause that touches many lives."

This Breast Cancer Awareness Month, let’s stand together, learn, and take action to support those impacted by breast cancer and work toward a future where early detection and effective treatment become a reality for everyone.

For more information and participation details, please contact the Eros Hotel team at Nehru Place.

IHCL Expands to Prayagraj with New Gateway Hotel Signing

By Nishang Narayan

Published on October 18, 2024

Indian Hotels Company Limited (IHCL) is expanding its footprint in Prayagraj, Uttar Pradesh, by signing a new 150-key Gateway hotel. This greenfield project will be developed in partnership with Ecavo Hospitality Private Limited, marking IHCL's strategic move into emerging markets in Tier II and III cities.

Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, emphasized the importance of Prayagraj, saying: “Prayagraj, with its rich cultural and religious heritage, is a significant destination for both pilgrims and leisure tourists. This signing aligns with our strategy to tap into emerging markets.”

The Gateway Prayagraj will offer a seamless blend of contemporary design and local architectural influences, giving guests a unique experience. The hotel will feature an array of culinary options, including an all-day diner, specialty restaurant, bar, and lounge. Guests can also enjoy a state-of-the-art gym, swimming pool, and spa for relaxation and fitness.

With over 5000 square feet of banqueting space, the hotel will cater to both social and corporate events, making it a prime choice for gatherings in the region.

Abhishek Gupta, Managing Director of Ecavo Hospitality, expressed his excitement: “We are thrilled to partner with IHCL to bring the Gateway brand to Prayagraj. This hotel will offer domestic and international travelers an unmatched experience.”

IHCL continues to lead the hospitality sector with its renowned brands like Taj, SeleQtions, Vivanta, and Ginger, each providing exceptional services that fuse Indian warmth with world-class hospitality.

For more details, visit the official IHCL website or follow @indianhotelscompany on Instagram.

InterContinental Maldives Maamunagau Resort Launches Limited-Time Offer

By Nithyakala Neelakandan

Published on October 16, 2024

InterContinental Maldives Maamunagau Resort has announced a special offer, giving guests the chance to extend their stay with added benefits. Nestled near a UNESCO Biosphere Reserve, the resort provides a unique blend of luxury and natural beauty, with the nearby lagoon offering a home to diverse marine life, including a manta ray sanctuary.

The resort’s Stay More, Pay Less promotion allows guests to enjoy complimentary nights based on their booking:

Stay 4, Pay 3

Stay 8, Pay 6

This limited-time offer applies to the resort’s Best Flexible Rates and includes exclusive benefits to enhance the guest experience.

Exclusive Club InterContinental Benefits:

Bottle of champagne upon arrival
Special welcome amenity
$100 resort credit per villa, once per stay
$200 resort credit per residence, once per stay
Daily “Sleep Well” turndown service
Unlimited Wi-Fi access
Early check-in and late check-out

Resort Benefits Include:

Private Mercedes transfer to and from the seaplane terminal
Private lounge access at the seaplane terminal
Personalized services with an Island Curator and 24-hour e-Curator service
Complimentary non-motorized water sports
A 30-minute photo shoot with one complimentary printed picture

This special offer is valid until December 23, 2025, providing ample time for travelers to take advantage of the resort’s luxurious amenities and serene surroundings.

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