Indian Hotels Company (IHCL) will continue its expansion spree, as it likely to open more than 50 hotels across brands during the next two years, with a strong project pipeline. This year, we will open a minimum of 25 hotels, and next year, a minimum of 30 hotels. 

The company has crossed the milestone of a 300-plus hotel portfolio in all five brands – Taj, Vivanta, SeleQtions, Ginger, and Tree of Life. While 218 hotels are operational, 92 hotels are in the pipeline. It is now present in more than 130 cities across India.

The company with Rs 6,952 crore revenue, is expected to incur a capex of Rs 2,500 crore over the next three years, towards a planned deployment of Rs 3,500 crore in expansion during FY23-FY25. The hotel supply is expected to grow at a CAGR of eight percent over the next three years to 2.41 lakh rooms by FY27, and 60 percent of this is likely to be in outside the top 10 destinations. 

IHCL also plans to introduce its new brand, a reimagined version of Gateway, which will be a full-service hotel offering in the upscale segment. The rollout will commence with 15 hotels, while the portfolio is likely to increase to 100, by 2030. Last year, it signed up for 53 hotels, and opened 20 hotels (excluding Tree of Life).