MUMBAI – The Indian Hotels Company Limited (IHCL), India’s largest hospitality firm, reported its consolidated financials for the fourth quarter and full 12 months ending March 31st, 2024.
CONSOLIDATED FINANCIAL RESULTS FOR This autumn AND FULL YEAR ENDED 31ST MARCH 2024
This autumn YoY PERFORMANCE
IHCL achieves its key targets beneath Ahvaan 2025 effectively forward of time with a full 12 months consolidated EBITDA margin of 33.7%, a portfolio of 300+ lodges and a money place of INR 2,206 crores. This autumn FY24 marked eight consecutive quarters of document monetary efficiency pushed by double-digit income development in similar retailer lodges, incremental income from not like for like lodges and scaling of recent companies. With 53 signings in FY2024 IHCL achieved a portfolio of 310 lodges, enabled by attaining scale in every of our manufacturers and forming strategic alliances in new market segments.
Looking forward at FY2025, IHCL will proceed to ship double digit income development with new companies at 30%, and opening of 25 lodges. IHCL can even introduce the re-imagined Gateway, a full-service lodge providing within the upscale phase, a super match to seize development alternatives in rising micro markets in metros and Tier II and Tier III cities. The model roll-out beginning with 15 lodges will start with launches in Bekal and Nashik this quarter adopted by locations like Bengaluru, Thane and Jaipur. The model will scale to a 100 lodges portfolio by 2030.
Investing in our aggressive benefit of optimising the steadiness between working leverage and fee-based enterprise, IHCL has commenced a five-year capital deployment plan from FY2023 to FY2027 totalling INR 3,500 crores in direction of key asset upgradation, constructing capabilities and choose new tasks. This consists of strengthening of our digital capabilities with new model web site launches beginning May 2024, implementation of a brand new ERP system and Data Lake for superior analytics with AI/ML capabilities. Mr. Puneet Chhatwal, Managing Director & CEO, IHCL
AWARDS AND RECOGNITION
- BRAND FINANCE’S BRAND VALUE REPORT INDIA 2023 – TAJ RANKED AS INDIA’S STRONGEST BRAND FOR THIRD TIME.
- MR. PUNEET CHHATWAL, MD & CEO, IHCL, HONOURED WITH HIS INDUCTION TO THE PRESTIGIOUS GLOBAL TRAVEL HALL OF FAME – TRAVEL WEEKLY
- TAJ RANKED THE BEST IN THE ‘WORLD’S FINEST LUXURY GRAND PALACES’ CATEGORY BY ‘101 EXECUTIVE SUMMIT’, GERMANY
- GOLDEN PEACOCK AWARD FOR HR EXCELLENCE, 2023 AWARDED TO IHCL
- IHCL RECOGNISED BY CONFEDERATION OF INDIAN INDUSTRY (CII) IN TOP 50 INNOVATIVE COMPANIES OF 2023
- IHCL RECEIVED 2023 INTERNATIONAL CENTER FOR RESPONSIBLE TOURISM (ICRT), INDIA FOUNDATION RESPONSIBLE TOURISM AWARD FOR ‘BEST FOR TACKLING PLASTIC WASTE’
- GOLDEN PEACOCK AWARD FOR RISK MANAGEMENT 2023.
- TRIPADVISOR – 2023 TRAVELLERS’ CHOICE AWARD – RAMBAGH PALACE, JAIPUR RANKED WORLD’S NO. 1 HOTEL
- GOLDEN PEACOCK AWARD FOR TRAINING 2023
- CNBC TV18 – ICICI LOMBARD INDIA RISK MANAGEMENT AWARDS 2023 – MASTER OF RISK IN BUSINESS MODEL ADAPTABILITY
-
CONDÉ NAST TRAVELER READER’S CHOICE AWARDS 2023
-
HOTELS ON BEST HOTELS IN INDIA LIST
- UMAID BHAWAN PALACE, JODHPUR – RANKED NO. 1
- TAJ LAKE PALACE, UDAIPUR
- TAJ NADESARPALACE, VARANASI
- THE TAJ MAHAL PALACE, MUMBAI
- BEST RESORT ASIA – TAJ ARAVALIRESORT & SPA, UDAIPUR
- BEST RESORT IN THE INDIAN OCEAN – TAJ CORAL REEF RESORT & SPA, MALDIVES
- BEST RESORT IN MIDDLE EAST – TAJ EXOTICA RESORT & SPA, THE PALM, DUBAI
-
HOTELS ON BEST HOTELS IN INDIA LIST
- CONDE NAST GOLD LIST 2023 – THE TAJ MAHAL PALACE, MUMBAI
- LA LISTE WORLD’S BEST HOTELS 2023 – TOP 1000 WORLD’S BEST HOTELS
-
TRAVEL + LEISURE READERS’ – “WORLD’S BEST AWARDS”
-
- 25 FAVORITE HOTEL BRANDS OF 2023 – TAJ HOTELS RESORTS & PALACES
- FAVOURITE RESORTS IN INDIA OF 2023 – TAJ LAKE PALACE, UDAIPUR
- BEST 100 HOTELS IN THE WORLD – TAJ LANDS END, MUMBAI, INDIA
- BEST CITY HOTELS IN ASIA – TAJ LANDS END, MUMBAI
- FAVORITE CITY HOTELS IN INDIA OF 2023 – TAJ LANDS END, MUMBAI
- 15 FAVORITE HOTELS IN NEW YORK CITY OF 2023 – THE PIERRE, NEW YORK
-
About The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) and its subsidiaries carry collectively a bunch of manufacturers and companies that provide a fusion of heat Indian hospitality and world-class service. These embrace Taj – the long-lasting model for probably the most discerning travellers and ranked as India’s Strongest Brand 2023 as per Brand Finance; SeleQtions, a named assortment of lodges; Vivanta, subtle upscale lodges; and Ginger, which is revolutionising the lean luxe phase.
Incorporated by the founding father of the Tata Group, Jamsetji Tata, the Company opened its first lodge – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 310 lodges together with 92 beneath growth globally throughout 4 continents, 13 international locations and in over 100 places. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality firm by market capitalization. It is primarily listed on the BSE and NSE.
Please go to: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com