The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service.

These include Taj – the iconic brand for the most discerning travellers and ranked as the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2023 and India 100 Report 2023, respectively; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 263 hotels including 75 under development globally across 4 continents, 12 countries and in over 100 locations.

The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

IHC: Unlocking Tomorrow

Business Highlights

Industry-leading growth

• IHCL continues to demonstrate industry leading growth with 53 hotels signed and 34 hotels opened.
• IHCL’s recent signings includes a strategic alliance for 14 resorts under the Tree of Life brand and 300 key Ginger at MOPA Goa, Taj branded hotel in Alibaug, Kollam, Indore and Pushkar, SeleQtions branded hotels in Kolkata and Amritsar and Vivanta branded hotel in Haridwar.
• In Q4 FY24, IHCL opened 6 hotels with 3 hotels under SeleQtions in Jaisalmer, Tirupati and Munnar, 2 Ginger hotels in Durgapur and Ahmedabad and a Vivanta in Bharatpur, Nepal.

New businesses and management fee

• IHCL’s New Business vertical comprising of Ginger, Qmin, amã Stays & Trails, The Chambers (membership fee) and TajSATS reported a revenue of INR 1,588 crores.
• At a growth of 35% over the previous year, New Business clocked a growth rate double that of core IHCL Enterprise which grew at 17%
• New Business now accounts for 12.1% share of IHCL Enterprise revenue an expansion of 140 bps from 10.7% in the previous year:
  • TajSATS clocked a revenue of INR 900 crores, 40% growth over the previous year maintaining an industry first EBITDA margin of 25.5%
  • Ginger reported a revenue of INR 486 crores, a 34% growth over the previous year with an EBITDAR margin of 41%. Reinforcing the brand’s lean luxe positioning, the new flagship Ginger Mumbai Airport clocked an 80% occupancy with an EBITDA margin 43% and PBT margin of 29.7%.
  • amã Stays & Trails clocked a revenue of INR 35 crores, a growth of 42% over previous year and achieved a portfolio milestone of 200 bungalows with 100 in operations.
  • Qmin reported a revenue of INR 101 crores, a 73% growth over previous year basis the inclusion of 35 Qmin outlets in Ginger hotels.
• Management Fee income grew by 18% over the previous year at INR 470 crores reflective of IHCL’s asset light strategy.

ESG+ Framework of Paathya

• IHCL now uses 37% energy from renewable sources and has installed 343 EV charging stations across 142 locations in India.
• Continuing its journey of eliminating single use plastic, IHCL has installed 40 bottling plants and achieved 48% recycling of water used.
• IHCL partners and operates 32 skill centres across 15 States in India to build industry relevant talent pools