IHCL Hits 380 Hotels in Fiscal 2025 Driven by Upscale and Midscale Surge

In a country with a booming middle-class like India, the move to upscale and midscale travel is a no-brainer. As consumers look for quality without a hefty price tag, brands that upgrade their midscale offerings are already reaping the benefits.

Taj-parent Indian Hotels Company Limited (IHCL) announced on Tuesday that it has increased its portfolio to 380 hotels through 100 new locations, including 74 signings and 26 openings.

The company aims to grow its portfolio to 700 hotels by 2030 under its Accelerate 2030 roadmap.

Last week’s spate of announcements, including from Accor, Radisson, IHG, Hyatt, Ascott and Marriott, are the latest illustration of the race for global hotel brands to stake their claim in India.

IHCL achieved a record 74 signings in the last fiscal year (2024-2025) ending March 31. This resulted in a leading pipeline of 137 hotels, said Suma Venkatesh, executive vice president — real estate and development, IHCL.

“A significant share of the sign