Indian Hotels Company tips

Skift Asia Editor Peden Doma Bhutia and India Reporter Bulbul Dhawan unpack some of the biggest takeaways from the recent Union Budget announced in India as well as the earnings calls of IndiGo, MakeMyTrip, and the Indian Hotels Company Limited (IHCL). Find out how the budget fared compared to the expectations of the travel industry stakeholders in this latest episode of the Skift India Travel Podcast.

Indian Hotels Company (IHCL), the parent brand behind Taj Hotels, is looking at airport properties as an important growth area. In its latest move, IHCL has invested INR 500 million ($6 million) into its subsidiary, Zarrenstar Hospitality, through a rights issue.

The Indian Hotels Company Limited (IHCL) is diving into the branded residences market with its first Taj Branded Residences in Chennai.

Indian Hotels Company (IHCL) plans to reach a portfolio of 300 hotels by 2025, it said on Tuesday when reporting its earnings.

Radisson Hotel Group has signed 11 new hotels in Indiaacross brands between January and April this year. The hotels are located across Hyderabad, Bengaluru, Ujjain, Raipur, Sonamarg, Manali, Kerala and Visakhapatnam. In April, the group also announced the debut in India of its luxury lifestyle brand, Radisson Collection, with the signing of the first hotel in Hyderabad— the 300-room Radisson Collection Hotel Hyderabad Financial District is set to be operational by the second quarter of 2026. Further strengthening its partnership with Ruptub Solutions — which operates India’s Treebo brand of hotels — the group also signed three new hotels under its Park Inn & Suites by Radisson brand in the south Indian states of Bengaluru and Kerala. Park Inn & Suites by Radisson Thrissur will open in the second quarter of 2024, Park Inn & Suites by Radisson Wayanad Ambalavayal is expected to open in the first quarter of 2024 and Park Inn & Suites by Radisson Yelahanka in Bengaluru will also open doors in the first quarter of 2024. “2023 marks a significant milestone for us at Radisson Hotel Group as we have successfully completed our 25-year journey in the Indian market. To translate our ambitious five-year expansion plan, we have signed 11 new hotels since January and have a strong pipeline ahead for this year,” said Zubin Saxena, managing director and area senior vice president, South Asia, Radisson Hotel Group. Last month, the group introduced its ‘Skip to Rewards,’ campaign showcasing the new benefits members can access as part of the recently relaunched Radisson Rewards loyalty program.