Indian Hotels earmarks capex of Rs 5,000 crore to double number of properties by 2030

Ace News

19th Nov 2024

Indian Hotels Company (IHCL) has earmarked capital expenditures (capex) of Rs 5,000 crore to double its number of properties to over 700 by 2030. 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. By 2030, the company's total number of rooms will be 70,000 which means another 30,000 rooms to be added in the next five years. 

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.