Some more from an ET report quoting Ms.Deepika Rao, EVP New businesses and Hotel Openings:
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Ginger: Planning to have a presence in all 800 districts of the country. By FY26, Ginger would become a 125-hotel portfolio. The expansion is based on the asset light model. Typically, large box projects consisting of 300 plus rooms are based on a management contract model, while the smaller ones with up to 80 rooms are taken on a lease of up to 30 years. About 30% of Ginger hotels are managed, while the rest are either owned or leased. The number of rooms in Ginger hotels vary from 80 to 300 plus. Ginger will continue to grow at 30 %. Ginger has all day dining under QMin brand. Almost 50 % of the Qmin’s Rs.100 crore revenue will come from Ginger hotels.
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TajSATS: Its share in IHCL’s topline will increase from 11 % to 25 % in the next few years. Expected to clock a revenue of Rs 1,000 crore in FY25 against Rs 650 crore in 12 months ended January. Qmin will be used for TajSATS’ institutional catering. Has also got into QSR space with Chhayos and Starbucks as customers. Starbucks has close to 1000 outlets in the country.
[Indian Hotel Company: Ginger Hotels, TajSATS to lead growth of Indian Hotel’s new businesses – The Economic Times] (Indian Hotel Company: Ginger Hotels, TajSATS to lead growth of Indian Hotel’s new businesses – The Economic Times)
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