Ginger Hotels, TajSATS to lead growth of Indian Hotel’s new businesses
Ginger Hotels will lead the growth of new businesses of Indian Hotel Company (IHCL) as the value brand embarks on an aggressive expansion plan that includes having a presence in all the 800-odd district headquarters in the country, a top executive said.
TajSATS, its airline catering business, too, is expected to grow significantly to help the share of new businesses in IHCL’s top line more than double to 25% by 2025-26 from 11% in the December quarter, said Deepika Rao, executive vice president for new businesses and hotel openings at IHCL.
“These two will lead the growth momentum both in terms of revenue and profitability,” she told ET.
Other new businesses of IHCL include food delivery business Qmin, which is part of TajSATS, business club Chambers, and Ama Stays & Trails, a chain of cottages, bungalows and villas.
Taj SATS is expected to clock a revenue of Rs 1,000 crore in FY25 against Rs 650 crore in the 10 months to January, according to IHCL’s investor presentation.
Rao said Qmin will power TajSATS’ growth and can be a brand for the latter's corporate catering.
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