- IHCL signed 47 hotels in the H1 FY2027.
- Portfolio reached 670 hotels.
- Ginger and Tree of Life had 19 signings.
The signings covered brands in different market segments. In the luxury segment, IHCL signed four Taj hotels and one each under Brij and Atmantan. Ginger and Tree of Life together accounted for 19 signings in the midscale segment, IHCL said in a statement.
“With a strong momentum of 47 signings and 20 openings, IHCL is on track to achieve its guidance under Accelerate 2030 of a 700-hotel portfolio ahead of time,” said Suma Venkatesh, IHCL’s executive vice president for real estate and development. “With a portfolio mix of capital-light and capital-heavy assets, IHCL drives sustainable and profitable growth through the operating leverage of owned and leased hotels and a growing high-margin fee-based business.”
Ginger leads IHCL’s portfolio with 162 operating hotels and 92 in the pipeline, bringing its total to 254. Another 60 operating hotels are undergoing conversion to the Ginger brand.
Taj follows with 95 operating hotels and 56 in the pipeline, for a total of 151. Gateway counts 14 operating hotels and 49 in the pipeline, while SeleQtions lists 36 operating hotels and 24 planned properties.
Vivanta’s portfolio includes 33 operating hotels and 22 in the pipeline. Tree of Life counts 32 operating hotels and 23 planned properties. Brij operates 10 hotels, with another 10 in the pipeline.
Clarks counts four operating hotels and two in the pipeline. Atmantan lists one operating hotel and one planned property, while Claridges Collection includes three operating hotels and one in the pipeline.
The openings expanded its presence in Mumbai, Gurugram, Goa and Hyderabad. It also entered new destinations, including Kandla, Ayodhya, Tadoba, Kota, Bokaro and Jorhat.
Separately, IHCL reported consolidated revenue of $250.7 million, up 15 percent year over year, for the first quarter of fiscal year 2027.
