- Ginger reached 100 operating hotels.
- Portfolio includes 95 hotels under development.
- 55 hotels undergoing brand migration.
The development pipeline includes a 325-key hotel at Bengaluru International Airport, a 300-key hotel at Manohar International Airport in Goa, more than 200 keys at Mumbai Terminal 2 and a 200-key hotel at Kolkata Airport.
“As India’s economy continues to grow and infrastructure expands, the mid-scale hospitality segment is witnessing strong demand across established and emerging markets,” said Deepika Rao, IHCL’s executive vice president for select service business.
Suma Venkatesh, IHCL’s executive vice president for real estate and development, said Ginger remains a key growth engine for IHCL, expanding through operating leases, investments and partnerships across India.
Midscale market shifts
A Hotelogix report on India’s domestic mid-scale hotel brands shows how the segment is changing as travel demand grows. More hotel companies are entering Tier-2 and Tier-3 cities, while larger groups are using partnerships, acquisitions and franchise agreements to expand their brands.
This is leading to more consolidation in a market that has long been made up of smaller hotel groups. The report points to IHCL’s investments in ANK Hotels and Pride Hospitality, Marriott International’s investment in Concept Hospitality, IHG Hotels & Resorts’s partnership with Rosastays and Accor and InterGlobe’s investment in Treebo as examples.
Hotelogix said India’s mid-scale market has more established brands and larger hotel networks. As demand grows in smaller cities and hotel companies look for faster ways to expand, consolidation and asset-light models are likely to remain important parts of the segment.
IHCL recently created a select service business vertical bringing Ginger, Tree of Life, ama Stays & Trails and Qmin under one structure.
