Indian Hotels Company Limited Explained

The Indian Hotels Company Limited
Type:Public
Traded As:
Industry:Hospitality
Founder:Jamsedji Tata
Hq Location:Express Towers
Hq Location City:Mumbai, Maharashtra
Hq Location Country:India
Products:Hotels, resorts
Revenue: (FY24)
Net Income: (FY24)[1]
Assets: (FY24)
Equity: (FY24)
Owner:Tata Sons (35.74%)[2]
Num Employees:40,726 (2024)[3]
Parent:Tata Group

The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. The company is part of India's Tata Group.[4] IHCL was founded in 1902 by Jamsetji Tata and is headquartered in Mumbai where its flagship hotel Taj Mahal Palace Hotel is also located. The company's hotel chains include Taj,[5] SeleQtions, Vivanta, and Ginger.

History

The company was founded by Tata Group founder and industrialist Jamshedji Tata.[6] He incorporated Indian Hotels Company Limited in 1899 and registered in 1902.[7] The first hotel of the company was opened — The Taj Mahal Palace Hotel in Colaba neighbourhood of Mumbai opened in 1903.[8] It was the first five star hotel in India with modern elevators and Russian carpets.[9]

In 1980 the Taj Group opened their first international hotels: the Taj Sheba Hotel in Sana'a, Yemen and the Taj Pamodzi in Lusaka, Zambia.[10] IHCL entered the Sri Lankan market with Taj Exotica Bentota and Taj Samudra in Colombo.[11] In joint venture with G. V. Krishna Reddy, Taj Hotels form Taj GVK.[12] IHCL entered Middle Eastern market with opening a hotel in Dubai — the Taj Palace Hotel Dubai.[13] Next year the company opened three more hotels — the Regent Hotel in Mumbai, Rawal-Kot in Jaisalmer and Usha Kiran Palace in Gwalior.[14] [15] [16]

The company planned to open hotels in Jamshedpur and Ranchi.[17] Taj Surya was opened in Coimbatore and later renamed as Vivanta.[18]

IHCL also operates TajSATS Air Catering, in a joint venture with SATS (formerly known as Singapore Airport Terminal Services).[19] In May 2017, IHCL announced it was moving all of its hotels under a unique brand, Taj Hotels Palaces Resorts Safaris. The brands Vivanta by Taj and Gateway were merged into a single business unit.[20] [21] During the summer of 2017, Cyrus Mistry stated that some of the group's latest costly acquisitions (Sea Rock Hotel, The Pierre in New York, Taj Boston) "destroyed the economic value of the company".[22] The unique brand decision was reversed in 2018.[23]

In April 2018, the group opened its first location in Saudi Arabia through a partnership with the Umm al-Qura construction company.[24] In April 2019, IHCL launched the hotel brand SeleQtions with 12 location openings.[25] In May 2019, IHCL signed a strategic partnership with GIC Private Limited (Singapore's sovereign wealth fund) to acquire 600 million dollars' worth of hotel assets over three years.[26] [27]

In March 2024, the IHCL announced plans to open over 90 new properties in the coming years, building on its accelerated portfolio expansion, which included 52 signings and 34 openings in FY24.[28]

Brands

!Type!Brand!Overview!Country!Locations
LuxuryTaj Hotels and ResortsTaj is the luxury hotels brand with 90 hotels in more than 70 locations. Its portfolio consists of luxury hotels, resorts, jungle safaris and palaces.[29] IndiaAgra, Ahmedabad, Amritsar, Andaman, Bandhavgarh, Bangalore, Bekal, Bhopal, Chandigarh, Chennai, Chitwan National Park, Coorg, Darjeeling, Delhi, Ernakulam, Hyderabad, Goa, Gondia, Gurugram, Gwalior, Jaipur, Corbett National Park, Jodhpur, Kanha National Park, Kochi, Kolkata, Kovalam, Kozhikode, Kumarakom, Lucknow, Madurai, Mangalore, Mumbai, Nashik, Patna, Thiruvananthapuram, Panna National Park, Pench National Park, Rishikesh, Shimla, Tirupati, Udaipur, Varanasi, Vijayawada, Visakhapatnam[30]
InternationalCape Town, Colombo, Dubai, London, Lusaka, Maldives, New York City, San Francisco, Thimpu
UpscaleVivantaVivanta is the upscale hotels brand of the company with 25 hotels in 20 locations. It has properties mostly in tier 2 and tier 3 cities of India like Coimbatore, Vadodara and Bhubaneswar to promote tourism over thereIndiaBhubaneswar, Chhatrapati Sambhajinagar, Coimbatore, Delhi, Guwahati, Kolkata, Lucknow, Vadodara, Pune, Vijayawada
PremiumSeleQtionsBrand that includes hotels such as The Gateway Savoy in Ooty, Vivanta by Taj President in Mumbai, Vivanta by Taj-Blue Diamond in Pune and Vivanta by Taj-Ambassador in Delhi.[31] IndiaAgra, Ajmer, Chikmagalur, Coonoor, Delhi, Gir, Goa, Haridwar, Jaipur, Kolkata, Mumbai, Ooty, Pune, Ranthambore, Rishikesh, Varkala [32]
MidscaleThe GatewayThe Gateway is a chain of midscale hotels.[33] IndiaKochi, Madurai, Mangalore, Surat, Visakhapatnam, Pune, Nashik[34]
GingerGinger is a midscale hotels chain with 86 hotels in 40 locations.[35] The first hotel was opened in Whitefield, Bangalore in June 2004.IndiaAgartala, Ahmedabad, Chhatrapati Sambhajinagar, Bangalore, Bharuch, Bhubaneshwar, Chennai, Dwaraka, Faridabad, Greater Noida, Gurugram, Guwahati, Goa, Indore, Jaipur, Jamshedpur, Kalinganagar, Katra, Kochi, Lucknow, Mangalore, Mumbai, Mysore, Nashik, New Delhi, Noida, Pantnagar, Patna, Puducherry, Pune, Sanand, Surat, Tirupur, Tiruvananthapuram, Vadodara, Vapi, Visakhapatnam [36]

See also

Notes and References

  1. News: IHCL FY 24 Q4 Results. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ebc2882c-e2a1-4f77-8ef7-b4634ecacf93.pdf.
  2. Web site: Indian Hotels Co Ltd financial results and price chart - Screener . 2022-08-27 . www.screener.in . 27 August 2022 . https://web.archive.org/web/20220827163313/https://www.screener.in/company/INDHOTEL/consolidated/ . live .
  3. Web site: IHCL AR 2023-24. 7 June 2024.
  4. Web site: About Us. Indian Hotels Company Limited. 13 August 2022. 13 August 2022. https://web.archive.org/web/20220813152711/https://www.ihcltata.com/company/about-us/. live.
  5. News: TAJ RANKED AS INDIA'S STRONGEST BRAND FOR THE SECOND TIME - The Week . 3 June 2022 . 12 May 2023 . 12 May 2023 . https://web.archive.org/web/20230512114851/https://www.theweek.in/wire-updates/business/2022/06/03/pwr2-indian-hotels-company--ihcl.html . live .
  6. News: Indian Hotels Co Ltd. . Business Standard India . 2022-07-29 . 30 July 2022 . https://web.archive.org/web/20220730134924/https://www.business-standard.com/company/indian-hotels-co-282/information/company-history . live .
  7. Web site: Indian Hotels Company > Company History > Hotels > Company History of Indian Hotels Company - BSE: 500850, NSE: INDHOTEL . 2022-07-29 . www.moneycontrol.com . en . 30 July 2022 . https://web.archive.org/web/20220730140242/https://www.moneycontrol.com/company-facts/indianhotelscompany/history/IHC . live .
  8. Web site: Trivedi . Vidushi . 2016-06-29 . The History Of Mumbai's Taj Mahal Palace Hotel In 1 Minute . 2022-07-29 . Culture Trip . 7 January 2024 . https://web.archive.org/web/20240107081003/https://theculturetrip.com/asia/india/articles/the-history-of-mumbais-taj-mahal-palace-hotel-in-1-minute . live .
  9. Web site: 2021-07-03 . A Sweet Revenge Story That Inspired Jamsetji Tata To Build India's Iconic Taj Hotels . 2022-07-29 . IndiaTimes . en-IN . 7 January 2024 . https://web.archive.org/web/20240107080952/https://www.indiatimes.com/trending/human-interest/taj-hotels-a-sweet-revenge-story-of-jamsetji-tata-544117.html . live .
  10. News: Rooms with a view of history . @businessline . 2018-08-13 . 2 November 2021 . https://web.archive.org/web/20211102111436/https://www.thehindubusinessline.com/specials/rooms-with-a-view-of-history/article8981757.ece . live .
  11. Web site: 5 Star Hotels in Sri Lanka - Luxury Hotels & Resorts in Sri Lanka Taj Hotels . 2022-07-30 . Taj . en-IN . 30 July 2022 . https://web.archive.org/web/20220730134743/https://www.tajhotels.com/en-in/destination/hotels-in-sri-lanka/ . live .
  12. Web site: Welcome to TAJGVK . 2022-07-30 . www.tajgvk.in . 7 May 2022 . https://web.archive.org/web/20220507134721/http://tajgvk.in/ . live .
  13. Web site: 5 Star Hotel in Dubai near Burj Khalifa Taj Dubai . 2022-07-30 . Taj . en-IN . 26 August 2015 . https://web.archive.org/web/20150826020013/http://www.tajhotels.com/luxury/city-hotels/taj-palace-hotel-dubai/overview.html . live .
  14. Web site: Hotel Rawalkot – Hotel Rawalkot . 2022-07-30 . en-US . 4 August 2022 . https://web.archive.org/web/20220804213817/https://www.hotelrawalkot.com/ . live .
  15. Web site: Welcome to Regent Hotel . 2022-07-30 . www.regentmumbai.com . 30 July 2022 . https://web.archive.org/web/20220730134739/https://www.regentmumbai.com/ . live .
  16. Web site: 5 Star Hotel in Gwalior - Palace Hotel in Gwalior Taj Usha Kiran Palace, Gwalior . 2022-07-30 . Taj . en-IN . 30 July 2022 . https://web.archive.org/web/20220730134926/https://www.tajhotels.com/en-in/taj/taj-usha-kiran-palace-gwalior/ . live .
  17. Web site: 5-star hotel in Ranchi from Tatas - More investments after steel and power thrust . 2022-07-30 . www.telegraphindia.com.
  18. Web site: Vivanta by Taj opens new hotel in Coimbatore . 2022-07-30 . Breaking Travel News . 28 May 2022 . https://web.archive.org/web/20220528220949/https://www.breakingtravelnews.com/news/article/vivanta-by-taj-opens-new-hotel-in-coimbatore/ . live .
  19. News: 2008-06-14 . TajSATS to set up 15 kitchens at Rs 400 cr . The Economic Times . 2018-08-13 . 28 May 2023 . https://web.archive.org/web/20230528175453/https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/tajsats-to-set-up-15-kitchens-at-rs-400-cr/articleshow/3127579.cms . live .
  20. Web site: 9 February 2017 . IHCL brings all its hotels under single brand . 4 December 2019 . Indiatimes.com . 28 May 2023 . https://web.archive.org/web/20230528084835/https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-brings-all-its-hotels-under-single-brand/articleshow/57066275.cms . live .
  21. Web site: Bidya Sapam . 9 February 2017 . Indian Hotels to exit Vivanta and Gateway brands, bring hotels under Taj fold . 4 December 2019 . Livemint.com . 28 May 2023 . https://web.archive.org/web/20230528083221/https://www.livemint.com/Companies/tMeCYnPZ5v5zSe9rVmSeNK/Indian-Hotels-to-exit-from-Vivanta-and-Gateway-brands.html . live .
  22. Web site: 22 August 2017 . IHCL faced 'near-death experience' due to acquisitions: Cyrus P Mistry office . 4 December 2019 . Indiatimes.com . 28 May 2023 . https://web.archive.org/web/20230528083515/https://economictimes.indiatimes.com/news/company/corporate-trends/ihcl-faced-near-death-experience-due-to-acquisitions-cyrus-p-mistry-office/articleshow/60163272.cms . live .
  23. News: 2018-04-10 . DNA MONEY EXCLUSIVE: IHCL may scrap Gateway brand, merge hotels with Vivanta . en-US . dna . 2018-08-13 . 28 May 2023 . https://web.archive.org/web/20230528083216/https://www.dnaindia.com/business/report-dna-money-exclusive-ihcl-may-scrap-gateway-brand-merge-hotels-with-vivanta-2602962 . live .
  24. Web site: Anumeha Chaturvedi . 17 April 2018 . IHCL launches first Taj property in Makkah . 4 December 2019 . Indiatimes.com . 28 May 2023 . https://web.archive.org/web/20230528125827/https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-launches-first-taj-property-in-makkah/articleshow/63797166.cms . live .
  25. Web site: 11 April 2019 . IHCL launches brand SeleQtions with 12 hotels in India . 4 December 2019 . Livemint.com . 28 May 2023 . https://web.archive.org/web/20230528122821/https://www.livemint.com/companies/news/ihcl-launches-brand-seleqtions-with-12-hotels-in-india-1554995156334.html . live .
  26. Web site: 17 May 2019 . IHCL and GIC Create a RS. 4000 Cr. / USD 600 Million Platform To Acquire Hotel Assets . 4 December 2019 . Hospitalitynet.org . 28 May 2023 . https://web.archive.org/web/20230528083224/https://www.hospitalitynet.org/news/4093420.html . live .
  27. Web site: Anumeha Chaturvedi . 18 May 2019 . IHCL and GIC create Rs 4000 crore platform to acquire hotel assets . 4 December 2019 . Indiatimes.com . 28 May 2023 . https://web.archive.org/web/20230528082002/https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-ties-up-with-singapores-gic-to-invest-rs-4000-cr-in-hotel-acquisitions/articleshow/69372804.cms . live .
  28. Web site: Indian Hotels Company, Parent Firm Of Taj Brand, To Open 90 New Properties . 2024-03-28 . NDTV.com.
  29. Web site: Aloha by blissful ganges Hotels in rishikesh . 2024-01-20 . Aloha by blissful ganges . en-US.
  30. Web site: Book Luxury Hotels in India & the World Taj Hotels . 2022-08-27 . Taj . en-IN . 27 August 2022 . https://web.archive.org/web/20220827163214/https://www.tajhotels.com/en-in/our-hotels/ . live .
  31. News: Reimagining the Taj culture! . en . BW Hotelier . 2018-08-13 . 29 May 2023 . https://web.archive.org/web/20230529011920/https://bwhotelier.businessworld.in/article/Reimagining-the-Taj-culture-/03-07-2018-153810/ . live .
  32. Web site: Browse Through Best Curated Hotels & Resorts in India SeleQtions Hotels . 2022-08-27 . Seleqtions . en-IN . 27 August 2022 . https://web.archive.org/web/20220827122820/https://www.seleqtionshotels.com/en-in/our-hotels/ . live .
  33. Web site: Our Hospitality Brands . 26 October 2018 . The Indian Hotels Company Limited . 27 October 2018 . https://web.archive.org/web/20181027061607/https://www.theindianhotels.com/our-brands/ . live .
  34. Web site: The Gateway Hotels - Chain of Modern Hotels at the Choicest Destinations . 2022-08-27 . Taj . en-IN . 27 August 2022 . https://web.archive.org/web/20220827122205/https://www.tajhotels.com/en-in/the-gateway-hotels/ . live .
  35. Web site: Award-Winning Economic Hotels Chain in India - Ginger Hotels . 2022-08-27 . www.gingerhotels.com . en . 27 August 2022 . https://web.archive.org/web/20220827141822/https://www.gingerhotels.com/about-us . live .
  36. Web site: Business & Leisure Budget Hotels in India - Ginger Hotels . 2022-08-27 . www.gingerhotels.com . en . 27 August 2022 . https://web.archive.org/web/20220827122030/https://www.gingerhotels.com/hotels . live .

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