IHCL Unveils ‘Accelerate 2030’ Strategy

IHCL’s Future Plan: Accelerate 2030

In its comprehensive strategy for 2030, the Indian Hotels Company Limited (IHCL) announced its plan. In a press release, IHCL said the plan aims to build on its world-renowned service ethos while expanding its brandscape, delivering industry-leading profitability, doubling its consolidated revenue with a 20 percent return on capital used, and growing its portfolio to 700+ hotels.

Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. This strong performance and a robust balance sheet position us well to accelerate our growth momentum. Enabling this vision are long-term structural tailwinds for the sector, including India’s forecasted GDP growth of over 6.5 per cent, government’s continued focus on infrastructure spending, hotel demand outpacing supply and the rising affluence of the consumer base.”

Chhatwal added, “IHCL remains steadfast in its commitment to realise India’s tourism potential with its vision of ‘Accelerate 2030’, of being the most valued, responsible and profitable hospitality eco-system in South Asia. IHCL will expand its brandscape by launching new brands, tapping the heterogeneous market landscape and taking its portfolio to 700 hotels by 2030. Doubling its Consolidated revenue to INR 15,000 crores, scaling new and re-imagined businesses to 25 percent+ share of revenue and continue to generate industry-leading margins and return on investment while maintaining its renowned service excellence.”

Accelerate 2030

“Accelerate 2030” aims to increase top-line growth, with over 25% coming from new and reimagined businesses and 75% coming from traditional businesses and management fees. RevPAR leadership, asset management programs, and inventory growth of current assets will enable traditional enterprises. By 2030, management fees are predicted to surpass INR 1,000 crores, driven mainly by the growing share of managed inventory and not-for-like growth. While the reimagined businesses of The Chambers and TajSATS will maintain their growing pace, new companies, including Ginger, Qmin, amã Stays & Trails, and Tree of Life, will scale quickly through a capital-light method, generating a revenue CAGR of 30%+.