Indian Hotels Plans to Double Properties and Revenue by 2030 with Bold Growth Strategy

Tata Group-owned Indian Hotels Company (IHCL), which manages brands like Taj and Ginger, has unveiled its ambitious “Accelerate 2030” plan. By 2030, the company aims to:

• Double its hotel portfolio from 350 to over 700 properties.
• Double enterprise revenue to ₹30,000 crore from the current ₹13,000 crore.
• Expand operational hotels to over 500, up from 232 now.
• Increase consolidated revenue to ₹15,000 crore, compared to ₹7,000 crore currently.
• Boost return on capital employed (ROCE) to 20% from 15%.
• Maintain a net cash-positive position.

CEO’s Vision

IHCL CEO Puneet Chhatwal said the company’s vision is to become the most valued and profitable hospitality ecosystem while staying responsible. “We plan to double revenues, properties, and achieve over 20% ROCE by 2030,” he stated. IHCL has achieved significant milestones, including a portfolio of 350 hotels and record-breaking financial performance for 10 consecutive quarters.

Growth Drivers

Chhatwal cited several reasons for the company’s optimism:

• India’s projected GDP growth of 6.5%.
• Government focus on infrastructure.
• Hotel demand exceeding supply.
• Rising consumer spending power.

Revenue Strategy

Under the Accelerate 2030 strategy:

• 75% of revenue will come from traditional hotel businesses, including management fees.
• 25% will come from new and innovative ventures.
• Management fees are projected to surpass ₹1,000 crore by 2030.
• New ventures and reimagined services, like The Chambers and TajSATS, are expected to grow at 30% annually through capital-light models.

Future Plans

IHCL plans to expand its portfolio with new brands to cater to a wide range of customers. “We are committed to unlocking India’s tourism potential and achieving a portfolio of 700 hotels by 2030,” Chhatwal added.