IHCL reveals ‘Accelerate 2030’ strategy

The Indian Hotels Company Limited (IHCL) has announced an ambitious growth plan under its ‘Accelerate 2030’ strategy. The roadmap focusses on doubling consolidated revenue, achieving a 20 per cent return on capital employed, and expanding its portfolio to over 700 hotels globally by 2030.  

The strategy prioritises top-line growth, with 75 per cent driven by traditional businesses and management fees, and over 25 per cent contributed by new and re-imagined businesses. IHCL’s traditional operations will be bolstered through RevPAR leadership, asset management, and inventory expansion. Management fees alone are projected to exceed Rs 1,000 crores by 2030, powered by growth in managed inventory.  

New ventures like Ginger, Qmin, amã Stays & Trails, and Tree of Life are set to scale rapidly using a capital-light model, targeting a revenue CAGR of over 30 per cent. Meanwhile, re-imagined businesses like The Chambers and TajSATS will maintain their growth trajectory. The company also plans to introduce innovative offerings, such as branded residences, and expand its luxury footprint with additions like The Claridges.  

Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. This strong performance, coupled with a robust balance sheet, positions us well to accelerate our growth momentum. Enabling this vision are long term structural tailwinds for the sector including India’s forecasted GDP growth of over 6.5 per cent, government’s continued focus on infrastructure spend, hotel demand outpacing supply and the rising affluence of the consumer base.”

He added, “IHCL remains steadfast in its commitment to realise India’s tourism potential with its vision of ‘Accelerate 2030’, of being the most valued, responsible and profitable hospitality eco-system in South Asia. IHCL will expand its brandscape with the launch of new brands, tapping the heterogeneous market landscape and taking its portfolio to 700 hotels by 2030. Doubling its Consolidated revenue to Rs  15,000 crores, scaling new and re-imagined businesses to 25 per cent + share of revenue and continuing to generate industry-leading margins and return on investment, while maintaining its renowned service excellence.”

IHCL’s expansion will remain anchored in the Indian subcontinent while strategically growing its international presence in key gateway cities through the Taj brand. In response to emerging consumer trends, 75 per cent of new additions will focus on boutique leisure offerings, midscale hotels under Ginger, and upscale properties under the re-imagined Gateway brand.