financeasianhospitality.com··1 min·For: Owner, Investor, GM, Revenue
IHCL's Ginger Targets $315M Revenue by 2030
Indian Hotels Co. Ltd. (IHCL) aims to expand its midscale brand Ginger to $315.1 million in enterprise revenue by 2030, driven by a capital-light growth model. The brand currently has 260 hotels in its portfolio, with 165 active properties and 95 in the pipeline.
Key Takeaways
- 1Ginger expects enterprise revenue to exceed $105 million in FY27, up from $85.5 million the prior year.
- 2Growth strategy focuses on capital-light expansion via operating leases, management contracts, and strategic acquisitions like ANK Hotels and Pride Hospitality.
- 3Key pipeline developments include major 'big-box' properties near key airports in Bengaluru, Goa, Kolkata, and Mumbai.
Source: asianhospitality.com
Keep reading
Our reporting
More in finance