Taj Hotels’ Parent Firm to Add 120 Properties to Seize Travel And Wedding Boom

Indian Hotels to invest $1.2B in new hotels, including 75 in key global cities

Mumbai-based Indian Hotels is also planning to increase its footprint in smaller Indian cities and pilgrimage towns

Indian Hotels, the parent company of the Taj group of hotels, plans to invest $1.2 billion to add 120 new properties in the next three years. The move is part of the company's strategy to capitalize on the growing demand for travel and weddings in India and key global cities.

"We see a huge opportunity in the travel and wedding segment, and we are well-positioned to capture this growth," said Puneet Chhatwal, managing director and chief executive officer of Indian Hotels. "Our new properties will be a mix of luxury, upscale, and mid-scale hotels, and we will be focusing on key global cities and pilgrimage towns in India."

The company plans to add 75 new properties in key global cities such as London, New York, and Dubai. It will also add 45 new properties in India, including in smaller cities and pilgrimage towns.

Indian Hotels currently operates 200 hotels in 12 countries. The company's portfolio includes iconic properties such as the Taj Mahal Palace in Mumbai, the Pierre in New York, and the St. James' Court in London.

The company's investment in new properties is part of its long-term growth strategy. Indian Hotels has been expanding its global footprint in recent years, and the new properties will further strengthen its presence in key markets.

Key Highlights

• Indian Hotels to invest $1.2 billion in new hotels
• Company to add 120 new properties in the next three years
• New properties will be a mix of luxury, upscale, and mid-scale hotels
• Company to focus on key global cities and pilgrimage towns in India
• Indian Hotels currently operates 200 hotels in 12 countries
• Company's portfolio includes iconic properties such as the Taj Mahal Palace in Mumbai

Conclusion

Indian Hotels' investment in new properties is a sign of the company's confidence in the future of the travel and hospitality industry. The company is well-positioned to capitalize on the growing demand for travel and weddings in India and key global cities. The new properties will further strengthen the company's presence in these markets and help it to achieve its long-term growth goals.