IHCL plans to double its consolidated revenue, portfolio of hotels by 2030

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IHCL plans to double its consolidated revenue, portfolio of hotels by 2030 - Business Standard

Quick Summary:

Taj, SeleQtions—a brand featuring a collection of hotels and resorts—and Vivanta will continue their steady growth, collectively contributing another 100 hotels to the pipeline.

We are also committed to our announced dividend policy of distributing 20 per cent to 40 per cent of profit after tax (PAT) to shareholders, leaving sufficient cash for future greenfield projects, accretive inorganic opportunities, and strategic cash reserves,” Dalwani added.

Reflecting emerging consumer trends and growth in Tier-I and Tier-II cities, 75 per cent of IHCL’s new additions will focus on the boutique leisure offering of Tree of Life, Gateway, and Ginger brands.