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23 Oct 2024 CW Team

According to a recent KPMG report, the global sustainable tourism market is projected to reach approximately $ 9.17 trillion by 2032. Aligned with this, with its diverse portfolio of 345 hotels, including 115 under development across four continents and over 130 locations, IHCL is gearing up for significant expansion in the coming years, Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL, informs CW.

What are IHCL's key expansion plans in the coming years and how are they aligning with the evolving trends in India's hospitality sector?
IHCL’s re-imagined brandscape including Taj, SeleQtions, Tree of Life, Vivanta, Gateway and Ginger caters to a wide range of customer segments. With its diverse portfolio of 345 hotels, including 115 under development across four continents and over 130 locations, IHCL is gearing up for significant expansion in the coming years. This growth is largely driven by increasing disposable incomes and changing travel preferences in India, where hospitality is evolving from a luxury to an essential aspect of modern life. Enhanced connectivity across the country has spurred unprecedented demand, particularly in Tier 2 and Tier 3 cities, which now account for nearly 70 per cent of the industry’s development pipeline...

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Resources

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