IHCL launches Claridges Collections, bets big on India's luxury market

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IHCL launches Claridges Collections, bets big on India's luxury market - Business Standard

Quick Summary:

The company’s strategy of high capital allocation for growth at home will complement its asset-light strategy of expansion in international markets.“Our capital allocation strategy is very clear.

Of these, its Gateway and Ginger brand of mid- to high-scale hotels will get a disproportionate share of growth and hence investments.

The collection will be expanded to two more hotels — the Taj Connemara in Chennai, which will be rebranded under the portfolio in the new financial year.