IHCL’s Vision 2030: Doubling scale and redefining hospitality

Indian Hotels Company Limited (IHCL) plans to double its hotel inventory to 700 properties by FY30, with 500 operational and ₹5,000 crore in investments. The company aims to boost its room count from 42,500 to 70,000 and revenue to ₹15,000 crore.

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The Tata Group-controlled Indian Hotels Company Limited (IHCL) is set to capitalize on the growing tourism sector by doubling its hotel inventory, introducing new brands, and investing ₹5,000 crore over the next five years. The company plans to expand its portfolio from 350 hotels, including 232 operational properties, to 700 hotels, of which 500 will be operational by FY30.

IHCL aims to increase its market share of branded hotel room inventory from 12-13% to 23% by 2030. The number of rooms is projected to rise from 42,500 to 70,000 during the same period. Consolidated revenue is expected to more than double, reaching ₹15,000 crore from the current ₹7,000 crore. Puneet Chhatwal, IHCL’s managing director and CEO, highlighted opportunities in branded residences, extended stays, and all-inclusive brands, noting, “Some things will change but exactly which brand will come at what point we can’t say, but at the moment this journey is based on what we have.”

IHCL has committed to opening over one property weekly until FY30 and is exploring mergers and acquisitions. Chhatwal stated, “If an inorganic, M&A opportunity comes up we are generating enough cash so as to fuel the growth and the need for capex that we have.” The company is also increasing its focus on the asset-light model, targeting 70% of properties under this strategy by 2030, compared to 37% in 2018.

While the majority of new properties will be in India and neighbouring regions, IHCL also plans to add hotels in international markets like Dubai, Saudi Arabia, Singapore, and Germany, though at a slower pace. India’s hotel sector remains underpenetrated, with just 200,000 branded hotel rooms. Competitors like Marriott and Intercontinental Hotels Group are also expanding aggressively, with Marriott planning 100 new properties by 2030.

IHCL’s strategic moves underline its ambition to become a dominant player in the Indian and global hospitality sectors, leveraging market opportunities and innovative growth models.