2023 marked another year of accelerated portfolio expansion: IHCL
IHCL said its portfolio at 285 hotels includes a pipeline of 85 hotels.
Suma Venkatesh, executive vice president — real estate and development, IHCL said 2023 marks six consecutive years of portfolio expansion in the Indian subcontinent. «Our approach to growth has been two pronged, penetrating deeper in existing markets with multiple brands and extending our footprint to new destinations taking our presence to over 130 locations,» she added.
Venkatesh said 2023 saw the Taj brand strengthen its presence in key metro and commercial cities with 381 rooms in Delhi, 112 rooms in Cochin and forayed in international markets of Dhaka and Bhutan. «Vivanta and SeleQtions together added 17 hotels while Ginger on the back of its lean luxe positioning signed 6 new hotels.
This accelerated portfolio growth is a testament to the trust of partners in IHCL’s reimagined brandscape,» she added. IHCL's portfolio includes 84 operating hotels of the Taj brand with 21 in the pipeline.
SeleQtions has 24 operating hotels with 14 in the pipeline, while Vivanta has 29 operating hotels with 25 in the pipeline.
Deepika Rao, executive vice president – hotel openings and new businesses at IHCL said the pace of opening new hotels has brought the chain to the 200th operating hotel milestone with the launch of Gorbandh Palace, Jaisalmer.
