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Economic Times
5 days ago
- Business
- Economic Times
Hotels raise stakes on pandemic-era bets to ramp up revenue playbook
Synopsis Hotel chains in India are capitalizing on ventures initiated during the pandemic, transforming them into significant revenue streams. These include diverse offerings like gourmet food delivery, boutique hotels, and sleep essentials retail. Chains are expanding their reach through innovative formats and smaller inventory footprints, tapping into segments with higher yields and faster recovery cycles. Hotel chains are raising their bets on new businesses started during the pandemic-era, with some even emerging as critical revenue home delivery of food to boutique stays, and retailing sleep essentials, hotel chains had entered into diverse segments to sustain their businesses amid severe disruptions caused by the pandemic. Besides Tree of Life and a reimagined Ginger brand, Indian Hotels Company's (IHCL's) new business vertical also includes home stay brand ama Stays & Trails and Qmin. Initially launched as a gourmet food delivery app during Covid-19, Qmin has since transformed into a multiformat Rao, executive vice president of new businesses and hotel openings at IHCL said Qmin, with its multiformat presence across all-day-diners at Ginger hotels, lifestyle cafes, food pods and QSR outlets at airports has over 90 outlets, while ama Stays & Trails will scale to over 500 bungalows in the next few years from over 300 currently."Under Accelerate 2030, IHCL's five-year strategy road map, the new business vertical is set to deliver a revenue CAGR of over 30%," she said. Launched in 2021, ITC Hotels' Gourmet Couch started out as a means to bring the hotel chain's signature dining experiences to homes. Today, Gourmet Couch is available through the ITC Hotels App, as well as popular food delivery apps across locations such as Delhi NCR, Agra, Jaipur, Kolkata, Hyderabad, Bhubaneswar, Guntur, Mumbai, Bengaluru and Hotels also launched a boutique hotel brand Storii, which currently has seven operating properties across Goa, Kolkata, Manali, Solan, Dharamshala and Jaisalmer. In 2021, it also launched the first ITC Hotels Sleeep boutique at New Delhi's ITC Maurya, offering a collection of sleep essentials. These boutiques have since expanded to cities such as Bengaluru, Chennai, Hyderabad, and Kolkata. "These innovations are not just pandemic stop-gaps; they have expanded our reach, and created new ways to engage with guests," said a spokesperson for ITC Hotel Group launched Radisson Individuals during the pandemic. The segment offers independent hotels the ability to retain their own character while gaining access to Radisson Hotel Group's distribution reach and loyalty programme. Nikhil Sharma, MD and COO, South Asia, at the chain said this model has seen strong interest from hotel owners, with 20 hotels currently operational across locations such as Imphal, Kasauli, Dhanbad, Yavatmal, Jim Corbett, Udaipur, Gopalpur, Katra, and Navsari. "We are also launching in locations such as Bhubaneswar, Gwalior, and Shirdi," he past five years have been one of the most transformative in modern hotel history, said Nandivardhan Jain, founder and CEO of Noesis Capital said hotel chains have been forced to rethink their strategies to cope with factors such as the Covid-19 impact, structural shifts in traveller demographics and booking behaviour. "The result has been an accelerated introduction of new hotel formats that are fundamentally altering the economics of hotel development and operations," said Jain. "The boutique segment has moved from the periphery to a central growth pillar for many chains. Smaller inventory footprints (20-80 keys), and immersive local positioning have enabled chains to tap into a segment that delivers higher yield and faster recovery cycles than conventional upscale brands," he added.
Economic Times
12-08-2025
- Business
- Economic Times
IHCL shares in focus on plans to acquire 51% stake in ANK Hotels and Pride Hospitality
Tata Group-backed Indian Hotels Company (IHCL) shares will be in focus on Tuesday after the hospitality major announced it has signed share subscription, purchase, and shareholders' agreements to acquire around 51% equity stake in ANK Hotels Pvt Ltd for up to Rs 110 crore and a similar 51% stake in Pride Hospitality Pvt Ltd for up to Rs 94 crore. ADVERTISEMENT Both companies operate under the Clarks Hotels & Resorts brand, which has a combined portfolio of 135 hotels across India. IHCL Managing Director and CEO Puneet Chhatwal told ET that most properties will be rebranded as Ginger hotels, bringing the brand's portfolio to 250 properties. "We hope to make Ginger India's number one mid-market brand serving the needs and wants of 500 million potential customers emerging in the next three to five years," he said. "Taj has been recognised as India's strongest brand and the world's strongest brand consistently, and this deal will push Ginger as the next brand to watch out for in the mid-scale segment," he added. The company has also signed a marketing and distribution agreement with Brij Hospitality, which has a portfolio of 19 hotels under the Brij brand primarily across Hotels Private Limited, which operates and manages hotels under the umbrella of Clarks Hotels & Resorts, has a portfolio of 111 midscale hotels (with 67 hotels in operation) and it operates hotels under brands such as Clarks Inn, Clarks Inn Suites, and Clarks Inn Premier. It had a turnover of Rs 14.32 crore in the financial year Hospitality Private Limited has a portfolio of 24 midscale hotels (with 13 hotels in operation), and it operates and manages properties under brands such as Clarks Safari, Clarks Collection and Clarks Resort. Pride Hospitality had a turnover of Rs 18.94 crore in the financial year 2024-25. IHCL said both transactions are expected to be completed by November 15 this year. ADVERTISEMENT IHCL said earlier it had a gross cash balance of Rs 3,073 crore as on June 30 2025. Unlock 500+ Stock Recos on App The hospitality chain has been pushing into new ventures and a diversified brand architecture. In November last year, it bought a majority stake in the operating company of Tree of Life Resorts & Hotels, further expanding the Tata Group's hospitality business and enhancing its capabilities to exploit a burgeoning leisure travel market. Financial details of the transaction were not disclosed. ADVERTISEMENT IHCL is aiming to scale Tree of Life to 100 properties by 2030, reflecting growing demand for experiential leisure. In November last year, IHCL also announced its 'comprehensive' strategy for 2030. Under Accelerate 2030, IHCL said it will expand its brandscape, deliver 'industry- leading' margins, double its consolidated revenue with a 20% return on capital employed and grow its portfolio to over 700 MD and CEO Puneet Chhatwal, the hospitality chain has charted a massive turnaround story with record performances every quarter. The brand was also recently ranked by Brand Finance-UK as the World's Strongest Hotel Brand 2025 for the fourth time and India's Strongest Brand across sectors for the fifth time. ADVERTISEMENT The company reported a double-digit growth in consolidated revenue. The hotel segment's revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%.The chain said it continued its growth momentum with 12 signings taking the portfolio to over 390 hotels and opened six new hotels in the quarter. ADVERTISEMENT Quarter one also marked the Ginger Kolkata acquisition by the Tata Group. 'Indian Hotels Company feels privileged to have the backing of Tata Sons to acquire a trophy asset for the Ginger brand at the Kolkata airport. Growing in major airport locations is a part of our growth strategy,' Chhatwal had stated earlier. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12-08-2025
- Business
- Time of India
IHCL shares in focus on plans to acquire 51% stake in ANK Hotels and Pride Hospitality
Tata Group-backed Indian Hotels Company ( IHCL ) shares will be in focus on Tuesday after the hospitality major announced it has signed share subscription, purchase, and shareholders' agreements to acquire around 51% equity stake in ANK Hotels Pvt Ltd for up to Rs 110 crore and a similar 51% stake in Pride Hospitality Pvt Ltd for up to Rs 94 crore. Both companies operate under the Clarks Hotels & Resorts brand, which has a combined portfolio of 135 hotels across India. IHCL Managing Director and CEO Puneet Chhatwal told ET that most properties will be rebranded as Ginger hotels, bringing the brand's portfolio to 250 properties. "We hope to make Ginger India's number one mid-market brand serving the needs and wants of 500 million potential customers emerging in the next three to five years," he said. "Taj has been recognised as India's strongest brand and the world's strongest brand consistently, and this deal will push Ginger as the next brand to watch out for in the mid-scale segment," he added. The company has also signed a marketing and distribution agreement with Brij Hospitality, which has a portfolio of 19 hotels under the Brij brand primarily across India. ANK Hotels Private Limited, which operates and manages hotels under the umbrella of Clarks Hotels & Resorts, has a portfolio of 111 midscale hotels (with 67 hotels in operation) and it operates hotels under brands such as Clarks Inn, Clarks Inn Suites, and Clarks Inn Premier. It had a turnover of Rs 14.32 crore in the financial year 2024-25. Pride Hospitality Private Limited has a portfolio of 24 midscale hotels (with 13 hotels in operation), and it operates and manages properties under brands such as Clarks Safari, Clarks Collection and Clarks Resort. Pride Hospitality had a turnover of Rs 18.94 crore in the financial year 2024-25. IHCL said both transactions are expected to be completed by November 15 this year. IHCL said earlier it had a gross cash balance of Rs 3,073 crore as on June 30 2025. The hospitality chain has been pushing into new ventures and a diversified brand architecture. In November last year, it bought a majority stake in the operating company of Tree of Life Resorts & Hotels, further expanding the Tata Group 's hospitality business and enhancing its capabilities to exploit a burgeoning leisure travel market. Financial details of the transaction were not disclosed. IHCL is aiming to scale Tree of Life to 100 properties by 2030, reflecting growing demand for experiential leisure. In November last year, IHCL also announced its 'comprehensive' strategy for 2030. Under Accelerate 2030, IHCL said it will expand its brandscape, deliver 'industry- leading' margins, double its consolidated revenue with a 20% return on capital employed and grow its portfolio to over 700 hotels. Under MD and CEO Puneet Chhatwal, the hospitality chain has charted a massive turnaround story with record performances every quarter. The brand was also recently ranked by Brand Finance-UK as the World's Strongest Hotel Brand 2025 for the fourth time and India's Strongest Brand across sectors for the fifth time. The company reported a double-digit growth in consolidated revenue. The hotel segment's revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%. The chain said it continued its growth momentum with 12 signings taking the portfolio to over 390 hotels and opened six new hotels in the quarter. Quarter one also marked the Ginger Kolkata acquisition by the Tata Group. 'Indian Hotels Company feels privileged to have the backing of Tata Sons to acquire a trophy asset for the Ginger brand at the Kolkata airport. Growing in major airport locations is a part of our growth strategy,' Chhatwal had stated earlier. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
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Business Standard
07-07-2025
- Business
- Business Standard
IHCL brands are growing, Ginger expanding fastest: N Chandrasekaran
The Indian Hotels Company (IHCL), which owns brands such as Taj, Gateway, Vivanta and Ginger, is seeing growth across its entire portfolio, with its midscale brand Ginger expanding at a faster pace due to management contracts, said N Chandrasekaran, Non-Executive Director and Chairman of IHCL, at the company's annual general meeting (AGM). 'Every hotel brand is growing. Ginger will obviously grow fast because it is growing a lot under the management contract, and also the size of investment is less (compared to other brands),' said Chandrasekaran, who is also Chairman of Tata Sons. He added that while the Taj brand will also grow, it will do so at a slower pace. Tata Group-owned IHCL had 103 Ginger-branded hotels as of April 2025, according to its investor presentation. In FY25, the company signed 74 new hotels and had 26 openings, taking the overall portfolio to 380 hotels. Chandrasekaran also said the company's strategy is to maintain the right price levels for different customer segments through hotels of varying sizes. The company's consolidated EBITDA margin touched 35 per cent in FY25. Chandrasekaran reiterated that the company's Accelerate 2030 plan aims to expand the global footprint to 700 hotels by 2030 and double revenues to over Rs 15,000 crore. Internationally, IHCL has no major expansion plans in terms of volume. In FY25, overseas hotels generated revenue of about Rs 1,512 crore. To another shareholder query, Chandrasekaran said having a heavy concentration of company-owned properties would not support future expansion. However, IHCL would continue to build iconic properties. 'Over the next five to ten years, we will settle at 35 to 40 per cent of hotels being owned (by the company) and 60 to 65 per cent under management,' he said. Currently, 50 per cent of IHCL's hotels are under management contracts, while the remaining 50 per cent are owned. Around seven to eight years ago, only 5 per cent of its hotels were under management contracts, with 95 per cent being company-owned. The company has allotted Rs 1,200 crore for capital expenditure and has no immediate plans for fundraising. Over the next five years, the capital expenditure will amount to nearly $1 billion. In his opening remarks at the AGM, Chandrasekaran also noted that Taj Inner Circle, the company's loyalty programme under Tata Neu, had crossed 10 million members in FY25 and is expected to reach 15 million members in FY26.
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Business Standard
03-07-2025
- Business
- Business Standard
IHCL unveils Taj Damdama report as it eyes double-digit growth in FY26
IHCL unveils its re-imagined Taj Damdama Lake resort and spa in Gurugram, as part of a strategy aimed at achieving double-digit growth in FY26, driven by new openings and sector momentum New Delhi The Indian Hotels Company (IHCL), parent of the Taj hotels, on Wednesday unveiled the re-imagined Taj Damdama Lake resort and spa in Gurugram, as it aims to clock double-digit growth in financial year 2026 (FY26). In FY26, growth will be aided by same-store performance, sustained momentum in new businesses, and 30 new hotel openings amid a strong sector outlook, IHCL had announced earlier this year. The 143-key resort also features villas, including luxurious villas with plunge pools, along with wellness therapies such as the Turkish Hammam experience, while offering guests experiences like farm and temple tours. The country's largest hotel chain is expanding to double its portfolio of hotels to over 700 hotels, while growing its consolidated revenue two times to over Rs 15,000 crore under its Accelerate 2030 strategy. "In line with our strategy of growing the presence of the iconic Taj, IHCL signed 19 Taj hotels in FY25. These were across metro cities like Bengaluru, NCR, leisure destinations like Goa and Chail, as well as in key international cities of Bahrain and Ras Al Khaimah in the Middle East," said an IHCL spokesperson. The company has earmarked over Rs 1,200 crore towards investment. 'Out of the Rs 1,200-odd crore, we would think almost there's also large renovations planned in some of our assets, including Taj Palace in Delhi, Fort Aguada in Goa, St James in the UK, and Taj Kolkata. So essentially, if you put all together, about 60-65 per cent of the CAPEX would be spent on renovations and digital investments,' Puneet Chhatwal, managing director and chief executive officer, IHCL, had told investors in a post-earnings call after announcing the company's March quarter results.
