Undeterred by the slowdown in the global travel and hospitality market, Indian Hotels Company (IHCL), part of the Tata Group, has decided to open at least 36 new properties over the next four years, expanding its capacity by 30 per cent.
The 36 new properties, which will also include expansion across two new countries, will add 5,431 rooms. In all IHCL will take the total count to 156 properties with 19,937 rooms from its current tally of 120 properties and 14,506 rooms.
Last year, the company — India’s largest hotel chain — opened seven new properties with 776 rooms including four Ginger properties, two Vivanta by Taj properties and one Taj property. A majority of the new properties will come up under the Gateway brand, which has the least number of properties under its fold at the moment.
Full report here Business Standard