After slipping into losses in FY21 and FY22, The Indian Hotels Company (IHCL) has managed a stellar turnaround in its financials in FY23. It has properties across the budget, premium and super-premium segments of the Indian hospitality market. Apart from the iconic Taj brand, upscale offering Vivanta, premium properties under SeleQtions and the budget range under Ginger are positioned across price points for the domestic and international traveller. Margin gains should be retained even as IHCL adds over 2,000 rooms annually over the next 3-4 years (see table). It aims to achieve a 50:50 mix between its owned/leased and managed hotels, management fees (₹400 crore) doubling in six years.

Source: The Hindu May 21, 2023 01:50 UTC