India’s Largest Hotel Company by Market Capitalisation Sees Shares Climb 3.82 per cent Ahead of Q3FY25 Earnings on January 17
IHCL recently acquired a 55 per cent stake in Rajscape Hotels Private Limited for Rs 17.66 crore, aiming to expand its presence in the boutique and experiential stays segment through an asset-light model
Indian Hotels Company (IHCL) shares closed 3.82 per cent higher at Rs 811.75 on Wednesday. Tata Group’s flagship hospitality company, in an exchange filing, announced that a meeting of its Board of Directors will be held on January 17, 2025, to consider and approve the Unaudited Financial Results along with the Limited Review Report for the quarter and nine months ended December 31, 2024.
Additionally, IHCL announced the signing of a new Taj resort in Chail, Himachal Pradesh. The conversion project involves expanding the resort to a 100-key property. With the addition of this hotel, IHCL will have 11 properties in Himachal Pradesh, including six that are currently under development.
In December 2024, IHCL presented its business strategy at the Ambit Travel Ecosystem Conference, highlighting India's robust hospitality market growth, driven by strong domestic demand and favorable demographics. The company showcased its impressive financial performance and outlined its ambitious expansion plans, aiming to significantly grow its hotel portfolio and revenue by 2030.
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Key strategic initiatives discussed during the conference included:
- Asset Management: Repositioning key assets to enhance performance.
- New Business Models: Expanding through capital-light models such as Ginger Hotels, Qmin food delivery, and amã Stays & Trails.
- Management Fee Growth: The company expects management fees to grow, increasing the share of capital-light inventory.
- TajSATS Transformation: The consolidation of TajSATS is expected to diversify revenue streams.
- Digital Transformation: Investing in digital initiatives to improve customer experience and operational efficiency.
On January 13, 2025, IHCL announced through an exchange filing that it had acquired a 55 per cent stake in Rajscape Hotels Private Limited for approximately Rs 17.66 crore. This acquisition provides IHCL with access to a new boutique hotel brand and enhances its asset-light growth strategy in the small boutique and experiential stays segment.
The Indian Hotels Company Limited (IHCL), a Tata Group company, brings together a portfolio of brands that offer a fusion of Indian hospitality and world-class service. Founded by Jamsetji Tata, the company opened its first hotel, The Taj Mahal Palace in Mumbai, in 1903.
Today, IHCL operates a portfolio of 360 hotels, including 123 under development, across 13 countries, 4 continents, and 150+ locations globally. The company remains India's largest hospitality firm by market capitalisation, with a current stock price of Rs 813 and a market cap exceeding Rs 1,15,701 crore.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.