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IHCL bets on Taj, new hotels, plans to invest ₹1,200 cr
Mint Mumbai
|May 06, 2025
While same-store RevPAR grew 12% in India and 7% overseas, its management fee income jumped 20% to ₹562 crore
Indian Hotels Co. Ltd (IHCL) has outlined plans to invest over ₹1,200 crore in FY26, focusing on asset management, upgrades, and new projects, particularly enhancing its Taj Hotels brand, the company said in a filing to the BSE on Monday. In FY25, the company said it spent ₹1,000 crore. The company expects growth, driven by strong domestic and international demand, the recovery of foreign tourist arrivals, and momentum in the leisure, social, and meetings and incentives segments, too.
This story is from the May 06, 2025 edition of Mint Mumbai.
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