Indian Hotels plans to double consolidated revenue by 2030 to ₹15,000 crore, grow its portfolio to over 700 hotels; check full strategy

India’s largest hospitality company today announced its comprehensive strategy for 2030. Under the plan, IHCL will expand its brandscape, deliver industry-leading margins, double its consolidated revenue with a 20% return on capital employed, and grow its portfolio to 700+ hotels while building on its world-renowned service ethos. 

Under ‘Accelerate 2030,’ the focus will be on driving top-line growth with 75% from traditional businesses and management fees and 25%+ from new and re-imagined businesses, the company said in its press release.

"Traditional businesses will be enabled by RevPAR leadership, asset management initiatives, and inventory expansion of existing assets. Management Fee is expected to cross ₹1,000 crore by 2030, led by not-like-for-like growth and an increasing share of managed inventory. New businesses, comprising Ginger, Qmin, amã Stays & Trails, and Tree of Life, will rapidly scale through a capital-light route, delivering a revenue CAGR of 30%+, while the reimagined businesses of The Chambers and TajSATS will continue their growth momentum," the press release said. 

Commenting on the strategy, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation, and delivered ten consecutive quarters of record financial performance. This strong performance, coupled with a robust balance sheet, positions us well to accelerate our growth momentum."

Enabling this vision are long-term structural tailwinds for the sector, including India’s forecasted GDP growth of over 6.5%, the government’s continued focus on infrastructure spending, hotel demand outpacing supply, and the rising affluence of the consumer base, the CEO said.

Chhatwal added that IHCL remains steadfast in its commitment to realise India’s tourism potential with its vision of ‘Accelerate 2030,’ of being the most valued, responsible, and profitable hospitality ecosystem in South Asia. 

In the CEO's words, "IHCL will expand its brandscape with the launch of new brands, tapping the heterogeneous market landscape and taking its portfolio to 700 hotels by 2030. Doubling its consolidated revenue to ₹15,000 crore, scaling new and reimagined businesses to 25%+ share of revenue, and continuing to generate industry-leading margins and return on investment while maintaining its renowned service excellence.”