Close Menu
Hospitality Biz India: Latest News & Analysis

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    ‘Evolving client preferences drive demand for hybrid capabilities, immersive experiences, and personalised touches’ : Prithvi Pal Singh

    May 17, 2025

    ‘Telangana’s hospitality sector deserves industry status for fair recognition and support’: Sandeep Joshi

    May 16, 2025

    Prasoon Pandey Named GM of The Leela Palace Udaipur

    May 16, 2025
    Facebook X (Twitter) Instagram
    • About
    • Contact
    • Terms & Conditions
    • Privacy Policy
    Facebook X (Twitter) Instagram
    Hospitality Biz India: Latest News & AnalysisHospitality Biz India: Latest News & Analysis
    • Home
    • Feature
      1. Cover Story
      2. Spotlight
      3. Interview
      4. Event Round Up
      5. Chef’s Corner
      6. GM’s Speak
      7. View All

      ‘Prime AAA locations will remain central to our strategy’: JB Singh, President and CEO, InterGlobe Hotels

      April 3, 2025

      Breaking Barriers and Leading with Excellence: Women in Hospitality

      March 7, 2025

      Indian Hospitality Industry Poised for Continued Growth in 2025

      January 15, 2025

      ‘India’s non-metro cities are at the heart of the country’s hospitality growth, offering immense potential and untapped opportunities’

      October 8, 2024

      ‘Telangana’s hospitality sector deserves industry status for fair recognition and support’: Sandeep Joshi

      May 16, 2025

      ‘We’re not just hosting events but also shaping Hyderabad’s reputation as India’s top MICE destination’ : Rubin Cherian

      April 21, 2025

      ‘Hotels blending local charm with sustainability to lead next phase’ : Jitendra Taak

      April 4, 2025

      Timbertales Coorg Aims to Become South India’s Top Luxury Resort

      March 6, 2025

      ‘Evolving client preferences drive demand for hybrid capabilities, immersive experiences, and personalised touches’ : Prithvi Pal Singh

      May 17, 2025

      ‘Telangana’s hospitality sector deserves industry status for fair recognition and support’: Sandeep Joshi

      May 16, 2025

      Luxury Whisky brand The Dalmore targets India’s growing market for single malts

      May 6, 2025

      ‘We’re not just hosting events but also shaping Hyderabad’s reputation as India’s top MICE destination’ : Rubin Cherian

      April 21, 2025

      Culinary Art India 2025: A Celebration of India’s Evolving Hospitality Landscape

      March 7, 2025

      ProWine Mumbai 2024: A Toast to Excellence in Wine and Spirits

      December 4, 2024

      7th AHP Hospitality Excellence Awards Celebrating Innovation, Diversity, and the Future of Hospitality

      July 26, 2024

      IHC-IIHM International Hospitality Day Awards celebrates the Glamorous Hospitality Industry of Mumbai

      July 5, 2024

      ‘Guests today seek an overall experience rather than just good food or stay‘: Chef Satyakumar GV, Executive Chef, Sheraton Hyderabad Hotel

      January 28, 2025

      Young Chefs from 50 Nations to Compete at 11th International Chef Olympiad, Feb 2-8, 2025

      January 28, 2025

      IIHM and IHC Celebrates International Hospitality Day 2024

      April 29, 2024

      Food Trends Predictions for 2024

      November 24, 2023

      ‘Telangana’s hospitality sector deserves industry status for fair recognition and support’: Sandeep Joshi

      May 16, 2025

      ‘We’re not just hosting events but also shaping Hyderabad’s reputation as India’s top MICE destination’ : Rubin Cherian

      April 21, 2025

      ‘Hotels blending local charm with sustainability to lead next phase’ : Jitendra Taak

      April 4, 2025

      ‘We plan to drive higher RevPAR and occupancy through dynamic pricing, targeted marketing campaigns, and expanding corporate tie-ups’: Manoj Jangid

      March 29, 2025

      Balancing Luxury and Sustainability

      May 14, 2025

      ‘Weddings and Room Bookings Drive Significant Revenue Growth’: Anirban Sarkar, General Manager, Radisson Blu Greater Noida

      January 15, 2025

      Luxury Hospitality in India: A Market on the Rise

      December 3, 2024

      Redefining Indian hospitality, the TECH way

      June 6, 2024
    • Opinion
      1. Expert Speak
      2. View Point
      3. View All

      The Cart or the Horse?

      May 5, 2024

      Culinary Tourism in India: A Global Perspective

      April 22, 2024

      M+A+S=H

      April 6, 2024

      What is the most important part of developing a risk management plan for a hotel?

      December 14, 2023

      HOTELS, HOSPITALS AND OPPORTUNITIES

      August 24, 2022

      Role of Facility Management in Experiential Tourism: Shaping Unforgettable Journeys in India

      September 27, 2023

      Occupancy Upsurge: Reinvigorating Business

      June 16, 2022

      Lessons from 20:20 for 2020

      January 6, 2020

      Legal Obligations of Lost Properties – Infra Hospitium

      December 30, 2019
    • F&B
      1. Wines
      2. Liquor
      3. Food Processing
      4. Industrial Catering
      5. Cloud Kitchen
      6. Restaurant review
      7. Food Review
      8. View All

      SulaFest 2025 Kicks Off Its 14th Edition

      February 3, 2025

      Medusa Beverages and Warner Bros. Discovery Global Consumer Products launches the ‘House of the Dragon’ Exclusive Edition

      August 1, 2024

      Mehra Wines sets sights on leading India’s premium alcoholic beverage market

      April 24, 2024

      WIPS-Nashik revived by Govt of Mah, HRAWI applauds the move

      January 23, 2024

      Quro Debuts as India’s First Signature Liqueur

      May 14, 2025

      Cellar 33 & Sonarys Celebrate Grower Champagne’s India Debut

      May 9, 2025

      India-UK FTA Spurs Premium Spirits Boom in Hospitality Sector

      May 9, 2025

      Luxury Whisky brand The Dalmore targets India’s growing market for single malts

      May 6, 2025

      F&B major FSIPL announces 8 New Products

      October 19, 2022

      The Health Factory startup raised INR 2 crore expanded seed funding

      August 22, 2022

      Sattvik Certifies Indian Beverages Company VARAHI Pvt Ltd

      August 22, 2022

      Cold Chain Storage & Supply to Boost the Consumption of Frozen Poultry

      May 5, 2020

      ‘Our HoReCa clients have saved between INR 2 Lac and INR 15 Lac per year by using our products’ : Jesal Sampat, Executive Director, Pune Gas

      March 29, 2024

      UNESCO New Delhi seeks for expression of interest for catering services

      March 19, 2024

      ‘HoReCa Channel Contributes 80-85% of Real Good Chicken’s Revenue’ : Abhay Parnerkar, CEO, Godrej Tyson Foods

      August 30, 2023

      X Events Hospitality launches #chefstogether campaign to celebrate International Chefs Day

      August 25, 2022

      ‘We are planning to raise around INR 25 cr within 8-10 months’ : Krunal Oza, Founder & CEO of Hustlers Hospitality

      September 2, 2022

      A Feast for the Senses; Sheraton Hyderabad’s Culinary Gem

      February 2, 2025

      Roastery Coffee House : More than just a place to dine

      June 14, 2024

      Glocal Junction: Lifting modern Indian cuisine to new heights

      January 10, 2023

      Little Italy Hyderabad: An Italian gastronomic paradise nestled amidst Jubilee Hills

      December 7, 2022

      ‘Shoyu’ Brings Modern Asian Flavors to Hyderabad

      March 7, 2025

      A Feast for the Senses; Sheraton Hyderabad’s Culinary Gem

      February 2, 2025

      Firewater Neo Bar and Kitchen Sparks Culinary Magic in the Financial District

      February 2, 2025

      Roastery Coffee House : More than just a place to dine

      June 14, 2024

      Kolkata Orders Rooftop Restaurants Closed After Hotel Fire

      May 8, 2025

      Yi Jing at ITC Kohenur Offers a Culinary Escape with New Summer Menu

      May 7, 2025

      18% GST on Meals in Specified Hotels Elevates Dining and Event Costs

      April 14, 2025

      Clara Beach Haven Opens in Goa, Blending Art, Elegance, and Culinary Excellence

      April 7, 2025
    • Education
      1. Institute
      2. Campus
      3. Courses
      4. View All

      Association of Hospitality Professionals Announces the Seventh Edition of Hospitality Challenge 2024

      June 28, 2024

      IIHM and Mayfair Hotels & Resorts Forge Strategic Partnership with MoU Signing

      May 9, 2024

      ‘We focus on equipping students with essential skills‘

      May 6, 2024

      IIHM and IHC Celebrates International Hospitality Day 2024

      April 29, 2024

      Hyatt India collaborates with CII & EHL to launch Vocational Training across its properties in Delhi, NCR and Lucknow

      July 25, 2024

      Association of Hospitality Professionals Announces the Seventh Edition of Hospitality Challenge 2024

      June 28, 2024

      ‘We focus on equipping students with essential skills‘

      May 6, 2024

      Apeejay Institute of Hospitality celebrates the graduation of the class of 2024

      April 4, 2024

      Le Cordon Bleu Gurugram Unveils Advanced Hospitality Training Facilities

      March 20, 2025

      IIHM and Mayfair Hotels & Resorts Forge Strategic Partnership with MoU Signing

      May 9, 2024

      ‘We focus on equipping students with essential skills‘

      May 6, 2024

      Apeejay Institute of Hospitality celebrates the graduation of the class of 2024

      April 4, 2024

      IHM Ranchi and Art of Living Partner for Youth Empowerment

      April 16, 2025

      ISH Hosts Distin-GU-ISH-ED 2025, Celebrates Culinary Excellence

      March 26, 2025

      Le Cordon Bleu Gurugram Unveils Advanced Hospitality Training Facilities

      March 20, 2025

      IIHM Initiative to Revolutionise Hospitality Education with AI Integration

      February 19, 2025
    • Operation
      1. Housekeeping
      2. Kitchen & Bakery
      3. Safety & Security
      4. Equipment
      5. View All

      HPMF Inaugurates 14th Annual Convention with Grand Ceremony in Lucknow

      September 27, 2024

      HPMF Joins Governing Body of Tourism and Hospitality Skill Council

      June 24, 2024

      HPMF to celebrate 14th Anniversary with Awards in Lucknow and Ayodhya Dham

      June 7, 2024

      ‘Addressing the gap between industry demand and workforce skills is a critical challenge’

      May 14, 2024

      ‘Our HoReCa clients have saved between INR 2 Lac and INR 15 Lac per year by using our products’ : Jesal Sampat, Executive Director, Pune Gas

      March 29, 2024

      Hafele Introduces India’s First One Touch Cabinet Mechanism

      January 30, 2024

      X Events Hospitality launches #chefstogether campaign to celebrate International Chefs Day

      August 25, 2022

      Celebrated Chef Anton Mosimann Awarded with Swiss Culinary Merit of Honor

      July 25, 2021

      HRAWI organises FSSAI’s latest FoSTaC Programme in Mumbai

      December 20, 2023

      HRAWI organises Fire Marshals Training Programme

      April 17, 2019

      HRAWI organises fire safety training for hotels & restaurants in Mumbai

      March 20, 2019

      Hyatt and Quimera Energy Efficiency wins the AEE’s Western Europe Region Energy Project Award 2018

      November 9, 2018

      Rajj Tandoors Redefines Tandoor Cooking with Global Vision and Chef-Centric Innovation

      May 12, 2025

      ‘Our HoReCa clients have saved between INR 2 Lac and INR 15 Lac per year by using our products’ : Jesal Sampat, Executive Director, Pune Gas

      March 29, 2024

      GRAFF Unveils the Futurismo Collection for the Kitchen

      September 16, 2023

      EssEmm Corporation launches Cosmos Nut Butter Grinder

      August 4, 2022

      HPMF Signs Landmark MOU with WineGAI

      March 30, 2025

      HPMF and ICF Join Forces to Transform India’s Hospitality Sector

      March 7, 2025

      ‘Addressing the gap between industry demand and workforce skills is a critical challenge’

      May 14, 2024

      Global Revenue Forum 2023 to host Opportunity 2023

      January 12, 2023
    • Product Showcase
    Hospitality Biz India: Latest News & Analysis
    Facebook X (Twitter) Instagram
    Home » ITC Hotels Gears Up for Major Expansion Post-Demerger
    News

    ITC Hotels Gears Up for Major Expansion Post-Demerger

    HBI Staff | HyderabadBy HBI Staff | HyderabadDecember 17, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As ITC Hotels prepares for its demerger from the ITC Group, the company has announced ambitious plans to grow its portfolio from 140 to over 200 hotels across India. This move marks a significant milestone in ITC Hotels’ journey, as it transitions into a standalone entity, aiming for accelerated growth and a sharper focus on the hospitality sector.

    Previously operating as a division of the larger ITC conglomerate—an Indian-listed company with interests primarily in consumer goods—the hotel business will now gain operational autonomy. The demerger has been approved by the ITC board, with shareholder allocations finalized for the new entity. This separation is expected to provide ITC Hotels with greater flexibility to expand and innovate.

    ITC Hotels currently boasts 140 properties with 13,000 rooms, of which 45% are owned and 55% are operated through management contracts. The company is now shifting further toward an asset-light growth model, focusing on management agreements to increase its market presence.

    Operating under six distinct brands—ITC Hotels, Fortune, Mementos, Storii, WelcomHeritage, and Welcomhotel—the group has added 28 managed hotels since November 2022. Over the next two years, ITC Hotels plans to maintain this momentum, aiming to launch approximately one hotel every month.

    For the quarter ending September 2024, ITC Hotels reported a stellar performance with revenues increasing by 12.1% year-on-year and profit before tax rising by 20.2%. The group also expanded its EBITDA margin by 0.7%, driven by cost efficiency and higher RevPAR amid strong booking demand.

    Recent openings reflect ITC Hotels’ diverse portfolio and commitment to capturing India’s rich cultural heritage:
    – Fortune Beachfront in Puri: A sea-facing resort catering to leisure travelers.
    – Storii Jaisalmer: A 131-room property in the Thar Desert, perfect for weddings and celebrations.
    – Welcomhotel Jabalpur: A 122-room property inspired by Bundela architecture.
    – Welcomhotel Belagavi: A 116-room property set on six acres, offering views of local windmills.

    The pipeline includes new Welcomhotels in Delhi, Gangtok, and Gwalior, as well as Storii hotels in Jawai and Jaipur, showcasing the brand’s focus on unique locations.

    ITC Hotels made its international debut in April 2024 with the launch of ITC Ratnadipa in Colombo, Sri Lanka. This landmark property on the Indian Ocean features 352 rooms, suites, and serviced apartments housed in two towers connected by a sky bridge. With nine dining options and a place in Marriott’s Luxury Collection, the hotel caters to global travelers and Marriott Bonvoy loyalty members.

    With a robust expansion plan and a strong financial foundation, ITC Hotels is poised to redefine its presence in India and abroad. The demerger marks a new chapter, empowering the group to focus exclusively on hospitality and tap into emerging opportunities in the luxury, heritage, and lifestyle segments.

    Author

    • HBI Staff | Hyderabad
      HBI Staff | Hyderabad

      View all posts
    Gears Up ITC Hotels Major Expansion Post-Demerger
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    HBI Staff | Hyderabad

    Related Posts

    ‘Evolving client preferences drive demand for hybrid capabilities, immersive experiences, and personalised touches’ : Prithvi Pal Singh

    May 17, 2025

    ‘Telangana’s hospitality sector deserves industry status for fair recognition and support’: Sandeep Joshi

    May 16, 2025

    Prasoon Pandey Named GM of The Leela Palace Udaipur

    May 16, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Exclusive News

    ‘Evolving client preferences drive demand for hybrid capabilities, immersive experiences, and personalised touches’ : Prithvi Pal Singh

    By Asmita Mukherjee | HyderabadMay 17, 20250

    With a focus on innovative strategies, Prithvi Pal Singh, Director of Sales and Marketing ,…

    ‘Telangana’s hospitality sector deserves industry status for fair recognition and support’: Sandeep Joshi

    May 16, 2025

    Prasoon Pandey Named GM of The Leela Palace Udaipur

    May 16, 2025

    Hyatt Regency Trivandrum Welcomes Nibu Mathew as General Manager

    May 16, 2025

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Hospitality Biz is a monthly news & analysis magazine reporting on & for the Indian hospitality industry.

    Email Us: gauri.sawant@saffronsynergies.in

    Facebook X (Twitter) Instagram
    • About
    • Contact
    • Terms & Conditions
    • Privacy Policy
    Copyright 2013 Saffron Synergies Pvt Ltd

    Type above and press Enter to search. Press Esc to cancel.

    This will close in 0 seconds