Page 2 - Indian Hotels Company

IHCL partners with Tata Strive to set up skill centre in Rajasthan

Indian Hotels Company (IHCL) on Thursday said it has partnered with Tata Strive, a skill development initiative of Tata Trust, to set up a hospitality-focused skill centre at Umaid Bhawan Palace in Jodhpur, Rajasthan. "Rajasthan has a very strong growth potential in the tourism sector. We are delighted to partner with Tata Strive for the skill centre in Jodhpur, which will offer skill-building programmes to youth and also contribute to the overall growth of the industry, IHCL Executive Vice President - Human Resources Gaurav Pokhariyal said. The first batch with 20 students is being trained in a 4-month food and beverage course, whose module is designed by IHCL as a knowledge partner and is aligned to National Skill Development Corporation with Tata Strive as an implementation partner. This collaboration represents a significant step in IHCL's mission to contribute to the skill development and upliftment of individuals from economically weaker backgrounds, the statement added.

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The Tata Group's Indian Hotels Company already is already in a partnership with Sardar Sarovar Narmada Nigam (SSNNL) and plans to launch two properties, namely Vivanta and Ginger

ITC's diversification into non-cigarette biz shows critical mass in profits

But ITC's strong run currently is not restricted to a single segment - all businesses are on a high

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So far in calendar year (CY22), frontline indices Nifty50 and the S&P BSE Sensex have climbed around 4 per cent each, as against 10-20 per cent fall in most of the global indices

OYO announces launch of category for highly rated hotels in 70 cities

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Hospitality sector's per-room revenue grew 89.6% YoY in Q3: JLL report

Room demand across business cities remained strong during the quarter, primarily driven by MICE and other business-related travel

A gastronomic journey through the North far removed from convention

Loya, the latest offering by Indian Hotels at Taj Palace, New Delhi, offers a confluence of flavours from the foothills of Himalayas, the fields of Punjab, the Gangetic plains, and snow-laden Kashmir

Gifts, dinner vouchers, pre-Diwali bashes by corporates light up hotel biz

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Energy sector has emerged as the main investment sector with 57 per cent of the proposed being implemented.

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This Tata Group stock has zoomed 109% against its rights issue price

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In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

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Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance

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Lower costs, improving occupancies as well as room rents augur well

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Imported fare makes way for homegrown produce

IHCL looks to build portfolio of 300hotels, scale up new business

The Indian Hotels Company (IHCL) is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025. We have signed over 100 hotels and opened over 40 hotels in the past five years, becoming the fastest growing hospitality company in India. Ahvaan 2025 will further accelerate our profitable growth by scaling our diversified brand portfolio across traditional and new businesses," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told reporters on Monday. IHCL aims to build a portfolio of 300 hotels, clocking 33 per cent EBITDA margin, of which 35 per cent EBITDA share contribution is expected to come from new businesses and management fees by 2025-26, he said. The hospitality company is also focused to strengthen the balance sheet with focus on free cash flows and be a zero net debt company, he said. Chhatwal said Ginger will be an important growth vehicle and will scale to 125