The Indian Hotels Company Limited — Updates, 19-11-2024: Press Release

IHCL has unveiled its ambitious "Accelerate 2030" strategy, aiming to double its consolidated revenue to INR 15,000 Crores and expand its hotel portfolio to over 700 properties. The strategy focuses on building brand presence and achieving a 20% return on capital, highlighting IHCL's intention to leverage India's forecasted GDP growth of over 6.5% and rising consumer affluence. The company plans to derive 75% of its revenue from traditional businesses and 25% from new ventures, with management fees projected to surpass INR 1,000 Crores by 2030. IHCL is also set to invest up to INR 5,000 Crores over the next five years to enhance its competitive edge while maintaining a commitment to return 20%-40% of PAT to shareholders. The strategy will introduce innovative brands and concepts, aiming to maintain market leadership in the Indian hospitality sector amid evolving consumer trends. This strategic direction presents a positive outlook for stakeholders, emphasizing growth and resilience in the hospitality market.