Demerger to push pace of growth: ITC Hotels MD

Quick Summary:

ITC Hotels plans to increase its room capacity to over 18,000 rooms across 200 hotels by 2030 through an asset-right strategy.

ITC Hotels, now a separate debt-free entity, aims for accelerated growth with its six brands.

Managing Director Anil Chadha highlighted the focus on upscale and economy segments, and the continued importance of food and beverage in their revenue generation.

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Article Details

Author / Journalist: Sidhartha and Saurabh Sinha

Category: EconomyBusiness

Markets: IndiaChadNepalSri Lanka

Topics: Hotel expansion Hotel demerger Hospitality industry ITC Hotels Indian economy Anil Chadha Business news Luxury hotels

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 06:49:16 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 913 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25164468

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 30 posts per day

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