Indian Hotels Co Ltd News

Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL

Tata Group-backed Indian Hotels Company on Thursday said it is "well poised" to achieve the portfolio of 700 hotels by 2030 under its "Accelerate 2030" strategy. The country's largest hospitality firm currently has 360 hotels under its portfolio, including 237 operational and 123 hotels in the pipeline. "IHCL is well poised to achieve its goal of a 700 hotel portfolio under its strategy - Accelerate 2030," the company said. IHCL also said it executed "85 signings and 40 openings in 2024". Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, "In line with IHCL's strategy Accelerate 2030, the growth continues to be focused on capital light, accounting for 75 per cent of the year's signings." She added, "The iconic Taj brand remains at the forefront of this growth with 19 signings in 2024. This is reflective of the growing affluence and demand for luxury experiences with signings spanning metros, pilgrimage locations, leisure destinations, state capitals .

Tourist hotspots have appetite for more offerings, says IHCL CEO & MD

IHCL's plans two offerings in Bahrain, Saudi Arabia each

Premium valuations likely to cap upsides for Indian Hotels' stock

The company expects revenue per available room (RevPAR) growth to remain strong, with like-for-like RevPAR to grow in high single digits

Indian Hotels stock hits new high in weak market; up over 100% in 13 months

Indian Hotels Company on Tuesday had set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

IHCL plans to double its consolidated revenue, portfolio of hotels by 2030

Ankur Dalwani, executive vice president and chief financial officer, IHCL, stated that the company will continue to remain net cash positive

IHCL earmarks Rs 5,000 cr capex for doubling hotels, revenue by 2030

Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) has earmarked capex of Rs 5,000 crore to double its number of properties to over 700 by 2030, its Managing Director and CEO Puneet Chhatwal said on Tuesday. Under the 'Accelerate 2030' programme, the company is also looking to double its consolidated revenue to Rs 15,000 crore in the next five years, Chhatwal told reporters at its 'Capital Market Day'. "We started our aspiration, saying that will be the most iconic and most profitable (hospitality) company from South Asia. Having achieved that, we've just tweaked it a bit, and we say we will be the most valued, most responsible and profitable hospitality ecosystem in South Asia...," he said. He further said anything related to the hospitality ecosystem, IHCL would like to be on the forefront of that. "And how do we win with this strategy is our expansion of our portfolio...," he said. Sharing the company's expansion plans for the next five years, Chhatwal said, "IHCL wi

Indian Hotels, Federal Bank, Coforge from BSE Midcap index hit record highs

Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.

Better demand trends upgrade Indian Hotels Company to profit suite

Management credits demand-supply gap, shifting demographics for hitting the 'suite spot'

Taj Hotels' parent co IHC to add 120 properties to tap travel, wedding boom

Indian Hotels will open the 1952-built Hessischer Hof in Frankfurt in the next 10 months marking its first foray into continent Europe

Indian Hotels hits new high; surges 6% on strong Q2 operational performance

The company has witnessed revenue growth of 16.5 per cent YoY in October 2024 with a majority of the growth being contributed by an increase in average room rates

IHCL Q2 results: Net profit zooms more than 3-fold to Rs 582.71 cr

Indian Hotels Company Ltd on Thursday reported a more than three-fold rise in its consolidated net profit to Rs 582.71 crore for the second quarter of 2024-25, helped by exceptional gains from the consolidation of its air and institutional catering business segment TajSATS. The country's largest hospitality firm had registered a net profit of Rs 178.97 crore in the year-ago period, according to a regulatory filing. Its revenue from operations increased to Rs 1,826.12 crore in the June-September quarter from Rs 1,433.20 crore in the corresponding quarter of the last financial year. However, during the period under review, IHCL's expenses also rose to Rs 1,502.01 crore, as against Rs 1,248.68 crore a year ago. Puneet Chhatwal, Managing Director & CEO, IHCL, said, "The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28 per cent and 16 per cent growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9 per ...

Ratan Tata death: Tata Group stocks trade mixed; TaMo down 2%, TCS up 1%

Ratan Tata News: Tata Chemicals, Indian Hotels Company, Tejas Networks, Voltas, Tata Elxsi and Tata Consultancy Services (TCS) were up in the range of 1 per cent to 4 per cent

Nifty, Bank Nifty PCR turns bearish; Longs added in MidCap; Shorts in RIL

Derivatives market update Oct 01: FIIs continue to hold more than 4 long positions in index futures for every short bet. Proprietary trades hold 5 shorts for every bullish bet in index futures.

IHCL strengthens presence in Tamil Nadu, adds two more hotels in Chennai

The 100-key Vivanta MWC will offer elegantly designed rooms and suites, an all-day diner and a specialty restaurant featuring a bar

This Tata Group stock quotes at an all-time high; market cap nears 1 trn

Shares of Indian Hotels Company hit a new high of Rs 693.35, gaining 4 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes on expectations of strong revenue growth.

F&O Cues: Options data hint more gains for Nifty; 4 stocks see long buildup

Derivative market update for Monday, Sept 02: FIIs long-short ratio in index futures rose to 2.6:1, implying 5 longs for every 2 shorts. Bandhan Bank, Syngene and Granules India see long buildup.

Indian Hotels Company lacks valuation comfort despite strong outlook

IHCL continues to expand its network and has opened six hotels in Q1FY25, crossing the milestone of 325 hotels

Indian Hotels stock soars 8% on heavy volumes on healthy growth outlook

The average trading volumes at the counter jumped over eight-fold, with a combined 18.6 million shares representing 1.3% of total equity of IHCL changing hands on the NSE and BSE till 01:45 PM.