IHCL sets a new growth benchmark with 85 signings and 40 openings in 2024, taking its portfolio to 360 hotels with an industry leading pipeline of 123 hotels.
Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “This record growth performance is attributed to the continued expansion of the brandscape. IHCL launched the re-imagined Gateway, a full-service hotel offering in the upscale segment, acquired majority shareholding in Tree of Life brand holding company, adding a boutique leisure offering and entered into a brand license agreement for The Claridges, commencing with management of brand’s landmark hotel in New Delhi, extending IHCL’s luxury portfolio. In line with IHCL’s strategy Accelerate 2030, the growth continues to be focused on capital light, accounting for 75 per cent of the year’s signings.”
