IHCL Accelerate 2030 Plan: Revenue To Double; Management Fee To Cross Rs 1000 Crore By - Details

IHCL Accelerate 2030 Plan: Revenue To Double; Management Fee To Cross Rs 1000 Crore By - Details The Indian Hotels Company Limited (IHCL), on Tuesday, announced its comprehensive strategy for 2030. Releasing the 'Accelerate 2030' plan, the company said that it aims to achieve significant revenue growth by focusing 75% on traditional businesses and 25%+ on new and reimagined ventures.IHCL Accelerate 2030 Plan: Management Fees To Touch Rs 1000 CroreAmong others, the company said that the management fee is expected to cross INR 1,000 crores by 2030, led by 'not-like-for-like growth and increasing share of managed inventory'. Under the plan, IHCL will expand its brandscape, deliver industry-leading margins, double its consolidated revenue with a 20% return on capital employed, and grow its portfolio to 700+ hotels.IHCL Accelerate 2030 Plan: Consolidated revenue to double to INR 15,000 croreUnder the ‘Accelerate 2030’ plan, the focus is on achieving strong revenue growth by balancing traditional and new business streams. Traditional businesses will grow through better asset management, expanded inventory, and leadership in revenue per available room (RevPAR), with management fees expected to exceed ₹1,000 crore by 2030.New businesses like Ginger, Qmin, amã Stays &amp; Trails, and Tree of Life will scale rapidly using capital-light strategies, targeting 30%+ annual growth. Additionally, revamped offerings like The Chambers and TajSATS will continue driving steady growth - the hotels company further said."IHCL will expand its brandscape with the launch of new brands, tapping the heterogenous market landscape, and taking its portfolio to 700 hotels by 2030. Doubling its consolidated revenue to INR 15,000 crores, scaling new and reimagined businesses to 25%+ share of revenue, and continuing to generate industry-leading margins and return on investment," said Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCLWithin India, Taj, SeleQtions, and Vivanta will add 100 hotels to the portfolio. Catering to growing consumer trends and urban expansion, 75% of new properties will focus on boutique leisure through Tree of Life, the reimagined Gateway brand for upscale markets, and Ginger for midscale segments, targeting Tier I and Tier II cities.Also Read: Zomato Share Price Target: 'Potential Doubler' In 3-4 Years? Morgan Stanley Report | Republic Business

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IHCL Accelerate 2030 Plan: Revenue To Double; Management Fee To Cross Rs 1000 Crore By - Details

The company said that the management fee is expected to cross INR 1,000 crores by 2030.

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