IHCL targets 50+ hotel openings, 32,000-key pipeline by FY31 as domestic RevPAR premium jumps 73%
Indian Hotels CEO Puneet Chhatwal guides for 12-14% topline growth with 100 bps upside, powered by a 73% domestic RevPAR premium jump and 20%+ management fee growth toward an INR 1,000 cr fee business. Dubai drags on Middle East crisis, but pipeline scales to 32,000 keys and 100 Taj hotels globally with 50 more in build.
What happened
Indian Hotels Company Limited · IHCL CEO Chhatwal says domestic hotel demand stays strong with 73% RevPAR premium jump, on track for 12-14% topline growth,
Key facts
- 12-14% topline growth
- 100 bps upside
- 73% domestic RevPAR premium jump
- 20%+ management fee growth
- INR 700-800 cr fee business
- INR 1,000 cr target
- 36 hotels opened last year
- 30 the year before
- 50+ new openings FY
- 5,000 new keys
- 32,000 keys pipeline by 2030-31
- 100 Taj hotels globally
- 50 in pipeline
Why this matters
With 100 Taj hotels globally and 50 more in build, IHCL is consolidating premium positioning — watch for accelerated management-contract M&A and selective owned-asset plays in markets where the RevPAR premium is widening.