IHCL has achieved record growth in the second quarter by consolidating TajSATS and acquiring a majority stake in the Tree of Life brand, enhancing its portfolio and positioning in the luxury hospitality sector.

Target Overview

The Indian Hotels Company Limited (IHCL), a prominent player in the hospitality sector, has reported a strong financial performance for the second quarter, highlighting a robust recovery in demand. This has resulted in an overall revenue growth of 28%, with a notable 16% growth within its hotel segment. The company achieved its best ever second quarter consolidated EBITDA margin at 29.9%, driven primarily by the performance of domestic same-store hotels. Notably, IHCL has signed contracts for 42 new hotels, reinforcing its industry-leading portfolio of 350 hotels.

In a strategic move to enhance its offerings, IHCL has entered into agreements to acquire a majority stake in the Tree of Life brand holding company, thereby broadening its brand portfolio to include boutique leisure offerings. The continued expansion in hotel openings, including the management of The Claridges in New Delhi, signifies IHCL's commitment to maintaining its growth trajectory.

Industry Overview in India

The Indian hospitality industry has been experiencing a significant resurgence, reflecting the country's recovering economy and rising domestic travel demand. With a growing middle-class population and increasing disposable income,