financeSkift··1 min·For: Investor, Owner, GM, Revenue
IHCL to Surpass 700-Hotel Target Years Ahead of Schedule
Indian Hotels Company Limited plans to raise its expansion targets after accelerating past its 700-hotel 2030 goal, powered by asset-light contracts and robust domestic demand. Strong event-driven occupancy and a 28% jump in RevPAR pushed standalone performance to record highs.
Key Takeaways
- 1IHCL will exceed its 700-hotel target by March, with 94% of its 34,800-room pipeline following an asset-light model.
- 2Management fee income surged 25% to $16.9 million, with plans to surpass $105 million within two years.
- 3Domestic events and weddings pushed occupancy to 82% and drove a 28% standalone RevPAR increase.
Source: Skift
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