Try GOLD - Free
Indian Hotel Chains Chart Global Expansion
Business Standard
|June 03, 2025
Indian hospitality companies are spreading their wings far beyond the country's borders, charting expansion plans in the UK, West Asian countries, and even in the African continent, even as Indian tourists flock to international destinations.
On Thursday, the country's largest hospitality chain, Tata group-owned Indian Hotels Company Limited (IHCL), announced its debut in South Africa's Kruger National Park with three luxury lodges.
"As the demand for purpose-led travel continues to grow, Taj with its differentiated offerings brings exceptional safari experiences. Our foray into Kruger National Park builds on this legacy, offering travelers an authentic connection with nature," said Puneet Chhatwal, managing director and chief executive officer at IHCL.
The company, which expects to achieve double-digit growth in the financial year 2025-26 (FY26), plans to open 30 hotels in the year, which will also include a 126-key Taj property in Frankfurt by the fourth quarter. The company's international expansion will be through the capital-light model.
This story is from the June 03, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
From safe bets to sore spots — and maybe back again
2025 turned FMCG, IT, and pharma into market laggards. Yet with earnings stable and valuations cooling, their next move could surprise
2 mins
November 06, 2025
Business Standard
Brookfield Reit seals India's record office real estate deal
Brookfield India Real Estate Trust (Reit) has signed binding agreements to acquire Ecoworld, a Grade-A office campus spanning 7.7 million square feet (msf) in Bengaluru, for ₹13,125 crore.
2 mins
November 06, 2025
Business Standard
India-Japan partnership enhances stability in Indo-Pacific: Jaishankar
The India-Japan partnership enhances the strategic stability in the Indo-Pacific region and contributes to economic growth at the global level, External Affairs Minister S Jaishankar said on Wednesday.
1 min
November 06, 2025
Business Standard
MF equity buying in October lowest in 6 months
NET INFLOWS INTO ACTIVE EQUITY SCHEMES HAVE MODERATED SINCE HITTING AN ALL-TIME HIGH OF 342,702 CR IN JULY. IN SEPTEMBER, INVESTORS HAD PUT IN $30,422 CR
1 min
November 06, 2025
Business Standard
'India, US holding continuous talks for trade pact'
Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are holding continuous discussions for the proposed bilateral trade agreement.
1 min
November 06, 2025
Business Standard
'A titan of business and a true gentleman'
Iam deeply saddened by the passing of my dear friend Gopichand Hinduja.
3 mins
November 06, 2025
Business Standard
Cement, chemicals drive Grasim net profit up 76%
Grasim Industries on Wednesday reported a 76 per cent rise in consolidated profit in the September quarter (Q2 FY26) to%553 crore from the year before, driven by its cement and chemicals businesses making higher profits and traction for new-age segments.
1 mins
November 06, 2025
Business Standard
MF equity buying in Oct lowest in 6 mths
Experts attribute this to profit booking, elevated valuations
2 mins
November 06, 2025
Business Standard
Embassy Reit posts 15% increase in NOI
Embassy Office Parks Reit on Wednesday reported a 15 per cent increase in its net operating income (NOI) to ₹927 crore for the second quarter of this fiscal year.
1 min
November 06, 2025
Business Standard
Paytm bets on AI-led revenue growth, cost-efficiency
After helping rein in costs, Paytm’s artificial intelligence (AD)-led product focus is expected to further drive revenue growth, founder and chief executive officer (CEO) Vijay Shekhar Sharma said on Wednesday.
1 mins
November 06, 2025
Listen
Translate
Change font size