As part of its expansion plan, Indian Hotels Company (IHCL) plans to open 34 new hotels globally to take the tally to 156 hotels with a total of nearly 20,000 rooms by 2017. The company launched its 105th hotel at Surajkund in Faridabad. The new 287 rooms hotel property is under its upper upscale brand, ‘Vivanta by Taj Hotels and Resorts’, taking the number of properties under the Vivanta brand to 28.
IHCL currently has 122 hotels will mainly follow management contract model that would be asset light for the future expansion. Currently around 20% of the company’s portfolio are under the management contract and 80% are on various levels of equity and joint ventures.
The Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognized as one of Asia's largest and finest hotel company. IHCL operate in the luxury, premium, mid-market and value segments of the market. Ginger (economy hotels) is IHCL’s revolutionary concept in hospitality. It currently comprises 105 hotels across India and 17 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.
