Chandigarh, APRIL 11, 2023:Indian Hotels Limited (IHCL), India’s largest hospitality company, marks yet another year of accelerated portfolio expansion in FY 2022-23. It recorded an industry-leading pipeline with the signing of 36 new hotels and opening of 16 new hotels, in the past one year. The current pipeline stands at 73 hotels.

Commenting on IHCL’s growth, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, stated, “IHCL has witnessed a tremendous year of growth with unprecedented momentum of portfolio expansion. We signed a record 36 hotels in this financial year taking our portfolio to 260 properties. With this growth our managed hotels have now reached a share of 50% from 32% five years ago, resulting in a balanced portfolio mix. This was supported by a fast-paced opening of 16 new hotels. With its iconic brand Taj, IHCL maintains its lead in the luxury segment with 81 hotels in operation and another 17 in pipeline, while the young brand SeleQtions is capitalizing on many conversion opportunities. Vivanta and Ginger have added notable number of hotels and destinations providing consumers with newer choices.”

Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL added, “The robust performance is a testament to power of IHCL’s reimagined brandscape. We would like to thank all our owners and partners in reposing their trust in us.”