ITC Hotels Embarks on a New Journey

Following its separation from the parent group, ITC Hotels is set to embark on a journey of accelerated growth. Anil Chadha, the Managing Director of ITC Hotels, shared insights into the company's future plans and strategies for expansion.

Expansion and Strategic Growth

With a robust portfolio of six brands across luxury and premium segments, ITC Hotels has opened 30 properties in the last 24 months. The company has an ambitious plan to expand its footprint to 200 hotels with over 18,000 rooms by 2030. This expansion is part of ITC Hotels' asset-right strategy, aiming for a balanced portfolio of owned and managed properties.

Focus on Managed Properties

Chadha highlighted the shift towards a higher proportion of managed properties, aiming for 65% of the portfolio to be managed. This strategy is expected to enhance agility and attract more investments, positioning ITC Hotels for sustained growth in the booming Indian economy.

Food & Beverage: A Key Revenue Driver

ITC Hotels' renowned restaurant brands have been pivotal in its journey, contributing significantly to its revenue. Despite the challenges posed by the pandemic, the company has seen a rebound, with room tariffs now accounting for 52% of revenue, followed by food and beverage at 40%.

ITC Hotels is optimistic about the future, with plans to tap into the upscale and economy segments. The company is also expanding its international presence, with new properties in Nepal, following its entry into Sri Lanka.

Conclusion

As ITC Hotels steps into a new era post-demerger, it is poised for accelerated growth, backed by strategic expansions, a focus on managed properties, and a strong foothold in the food and beverage sector. The company is well-positioned to capitalize on the growing Indian economy and the resurgence of the hospitality industry.