Date: October 12, 2026

Business Performance Update

IHCL, India's largest hospitality company by market capitalization, reported significant growth in its hotel portfolio during the first half of FY2027 (April-September 2026).

Portfolio Growth Metrics

  • Total portfolio reached 670 hotels as of September 30, 2026
  • Industry-leading pipeline of 280 hotels
  • 47 new hotel signings in H1 FY2027
  • 20 hotel openings in H1 FY2027
  • Operating hotels count: 390 properties

Brand-wise Performance Breakdown

Signings by Brand (H1 FY2027):

  • Taj: 4 hotels
  • Brij: 1 hotel
  • Atmantan: 1 hotel
  • SeleQtions: 8 hotels
  • Clarks: 2 hotels
  • Gateway: 12 hotels
  • Vivanta: 9 hotels
  • Ginger: 9 hotels
  • Tree of Life: 10 hotels

Openings by Brand (H1 FY2027):

  • SeleQtions: 3 hotels
  • Ginger: 9 hotels
  • Tree of Life: 2 hotels

Portfolio Composition as of September 30, 2026

| Brand | Operating Hotels | Pipeline Hotels | Total Portfolio |

| Taj | 95 | 56 | 151 |

| Claridges Collection | 3* | 1 | 4 |

| Atmantan | 1 | 1 | 2 |

| Brij | 10 | 10 | 20 |

| SeleQtions | 36 | 24 | 60 |

| Clarks | 4 | 2 | 6 |

| Gateway | 14 | 49 | 63 |

| Vivanta | 33 | 22 | 55 |

| Ginger | 162* | 92 | 254 |

| Tree of Life | 32* | 23 | 55 |

| TOTAL | 390 | 280 | 670 |

Note: Operating hotels count includes hotels under Brand Migration - Ginger (60 hotels), Claridges Collection (2 hotels), and Tree of Life (3 hotels).

Geographic Expansion

New Domestic Market Entries:

  • Kandla
  • Ayodhya
  • Tadoba
  • Kota
  • Bokaro
  • Jorhat

International Expansion:

  • Frankfurt, Germany (Taj brand)
  • Kruger, South Africa (Taj brand)

Key Market Strengthening:

  • Mumbai
  • Gurugram
  • Goa
  • Hyderabad

Strategic Context and Management Commentary

According to Ms. Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL:

  • The company is on track to achieve its Accelerate 2030 guidance of a 700-hotel portfolio ahead of schedule
  • Growth is driven by a diversified strategy across brands, markets, and contract types
  • The portfolio mix includes capital-light and capital-heavy assets
  • The strategy focuses on sustainable and profitable growth through operating leverage of owned/leased hotels and growing high-margin fee-based business
  • IHCL's ten hotel brands reflect India's heterogeneous landscape
  • Luxury segment growth included 4 Taj hotels, 1 Brij, and 1 Atmantan
  • Mid-scale segment drove scale with 19 signings across Ginger and Tree of Life brands

Company Background

  • IHCL is India's largest hospitality company by market capitalization
  • Portfolio spans 4 continents, 15 countries, and over 300 locations
  • Operates 10 distinct hotel brands including Taj, Vivanta, Ginger, and Tree of Life
  • Taj brand ranked as World's Strongest Luxury Hotel Brand 2026 and India's Strongest Brand 2026 by Brand Finance
  • Founded by Jamsetji Tata, opened first hotel (Taj Mahal Palace, Bombay) in 1903