IHCL Plans to Double Hotel Portfolio and Revenue by FY 2030.

Indian Hotels Company Limited (IHCL) announced a bold growth strategy today, aiming to double its hotel portfolio to over 700 properties and increase consolidated revenue to ₹15,000 crore by March 2030. The ambitious plan is part of IHCL’s ‘Accelerate 2030’ strategy, fueled by ten consecutive profitable quarters, strong cash flow, and zero net debt.

“We are committed to becoming the most valued, responsible, and profitable hospitality ecosystem in South Asia,” said Puneet Chhatwal, Managing Director and CEO of IHCL. He cited long-term growth drivers such as GDP expansion, rising disposable incomes, and a shortage of branded hotel rooms as key factors propelling the company’s expansion.

IHCL plans to achieve growth through both organic and inorganic means, focusing on an asset-light model to increase its footprint. The company is generating sufficient cash to fund its growth initiatives while maintaining a prudent approach to debt.

Currently, IHCL operates 350 hotels, including 232 operating properties with 28,000 keys, across its luxury (Taj), upscale (Gateway, Vivanta), and midscale (Ginger) brands. The company’s pipeline includes 118 hotels with 14,500 rooms under development. By 2030, IHCL aims to grow its portfolio to 700 hotels with approximately 70,000 keys.

The company expects to derive 75% of its revenue from its traditional businesses, with management fees contributing around ₹1,000 crore by FY 2030. New ventures such as the budget brand Ginger, luxury homestays, food delivery services, and boutique resorts are expected to account for 25% of its top-line revenue.

Ankur Dalwani, Executive Vice President & CFO, emphasized that IHCL will remain net cash positive, allocating over ₹5,000 crore in capital expenditure for existing and new projects. “We are also committed to distributing 20% to 40% of profit after tax to shareholders through dividends,” he added.

IHCL plans to expand both domestically and internationally, focusing on markets such as West Asia, Thailand, Singapore, and Europe, while keeping 90% of its portfolio centered in the Indian subcontinent. Over 75% of the company’s new additions will come from boutique leisure properties, the upscale Gateway brand, and the midscale Ginger brand.

HBL