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Future bright as India's consumption boosts travel
Financial Express Kochi
|July 08, 2025
Room for more
HOSPITALITY MAJOR INDIAN Hotels (IHCL) will pump nearly ₹6,000 crore over five years into expansion activities, including a potential acquisition of a chain of boutique hotels.
Virtually addressing shareholders at the 124th annual general meeting (AGM), N Chandrasekaran, chairman, IHCL, said: "Considering a capital expenditure of ₹1,200 crore every year, we are looking at almost $1 billion for the next five years."
From a portfolio of 350 hotels, including over 232 operational properties across multiple brands, the Mumbai-based company aims to have 700 hotels, including 500 operational hotels by the end of FY30.
This story is from the July 08, 2025 edition of Financial Express Kochi.
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