IHCL has signed a deal to develop two new hotels under the Taj and Vivanta brands in Dhaka, Bangladesh, enhancing its presence in the rapidly growing hospitality market.

Target Information

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, has announced plans to establish two new hotels in Dhaka, Bangladesh under its prestigious Taj and Vivanta brands. These hotels will form part of a modern integrated complex that will also feature high-end retail spaces. Both projects are classified as Greenfield developments, marking IHCL's entry into the vibrant hospitality sector of Bangladesh.

The planned mixed-use development will include a 230-room Taj hotel and a 130-room Vivanta hotel. Each property aims to enhance the culinary scene in Dhaka by providing various dining options, including all-day diners and specialty restaurants. Notably, the Taj will introduce its exclusive business club, 'The Chambers,' to the city.

Industry Overview in Bangladesh

Bangladesh is experiencing rapid economic growth, making it one of the fastest-growing economies in the world and the second-largest economy in South Asia. The hospitality sector is positioned to benefit significantly from this gr