Indian Hotels Company Ltd (IHCL) Managing Director and CEO Puneet Chhatwal outlined the promising future for India’s travel and tourism sector in the company’s Annual Report for 2023-24. With factors like the demand-supply gap, opportunities in Tier II and III markets, and a rebound in foreign tourist arrivals, IHCL is strategically positioned to capitalize on the industry’s growth. Chhatwal highlighted plans to expand the ‘Gateway’ brand, targeting emerging micro markets, with a goal of reaching a portfolio of 100 hotels by 2030. IHCL’s international footprint also expanded, with signings in key locations.
Indian Hotels Company Aims for Growth Amidst Tourism Sector Upswing
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