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The latest update is out from Indian Hotels Co. Ltd. ( (IN:INDHOTEL) ).
IHCL reported that its total portfolio has reached 628 hotels, comprising 373 in operation and an industry-leading pipeline of 255 properties, marking a year of both inorganic acquisitions and sustained organic growth. The company expanded across segments, adding boutique luxury via the Claridges Collection, wellness through Atmantan, experiential leisure with Brij Hospitality, and significantly scaling its midscale Ginger brand through majority stakes in ANK and Pride, while also signing new Taj hotels in locations such as Cairo, Patna and NOIDA.
During the fiscal year, IHCL opened more than 30 hotels across its brands, entered new markets including Lakshadweep, Ekta Nagar, Raichak, Kanpur, Vrindavan and Bhutan, and reinforced its footprint in key Indian cities such as Goa, Ahmedabad and Delhi. With over 33,000 rooms now in operation and more than 100 hotels added via acquisitions, the group positions itself for its ‘Accelerate 2030’ strategy target of a 700-hotel portfolio, underscoring its push to consolidate leadership in India’s hospitality sector and capture rising demand across price points and geographies.
More about Indian Hotels Co. Ltd.
The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company, operating a diversified portfolio of hotel brands across luxury, midscale and experiential segments. Its offerings span city hotels, leisure destinations and wellness resorts, with a strong and expanding presence across India and select international markets.
Average Trading Volume: 228,137
Technical Sentiment Signal: Buy
Current Market Cap: 847.7B INR
For an in-depth examination of INDHOTEL stock, go to TipRanks’ Overview page.