Taj-Parent IHCL’s Portfolio Grows 25% in 2024 – India Report

Taj-parent Indian Hotels Company (IHCL) had 360 hotels at the end of 2024, up from 285 in 2023: a 25% jump. Last year marked IHCL’s highest openings with 40 hotels opened and 85 signed, according to executive vice president Deepika Rao.

“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,” said Suma Venkatesh, executive vice president — real estate & development.

The company’s expansion is driven by an asset light model which accounted for 75% of its signings in 2024. 

Brands Leading the Charge: Of the 360 hotels, 125 are under IHCL’s flagship luxury brand Taj, in line with the growing preference for premiumization in India. This is followed closely by midscale brand Ginger with a 102-hotel portfolio. 

Skift had earlier reported that while Taj is IHCL’s international brand, Vivanta, Gateway, Ginger, SeleQtions and Tree of Life will bolster its domestic presence. 

Reflective