Fortune To Open One Hotel Every Month

Fortune Hotels, a member of ITC's hotel group, has announced an ambitious plan to open a new hotel every month during the current financial year. This announcement was made by the company's Managing Director, Samir MC.

By Priyal Dutta 02 May 2024

in Hotel

Fortune Hotels is on a mega expansion drive

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gfgf — It is a significant milestone in the company's 'beyond borders' expansion strategy, for a presence in South Asia.

He shared the expansion plans of Fortune Hotels, which has recently opened its first international hotel in Nepal.

"Following on the heels of this prestigious opening, we are poised to open at least four to six more hotels in the first half of the fiscal year in unique destinations like Kevadia (Ekta Nagar, Gujarat), Candolim (Goa), Palampur (Himachal Pradesh), and a beach resort in Chennai amongst others and an equal number in H2 (second half: October-March)," Samir said.

The hotel chain aims to expand its presence in South Asia and proximal markets. To achieve this goal, the company plans to open at least four to six more hotels in the first half of the fiscal year in unique destinations such as Kevadia, Candolim, Palampur, and a beach resort in Chennai.

The plan is to open an equal number of hotels in the second half of the year, aligning with the company's objective of establishing a new hotel almost every month during this fiscal year.

#Fortune