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ITC to add 5,000 rooms in next 3-5 years in India & Abroad

Diversified conglomerate ITC Ltd lanning big bang investment to construct 5,000 rooms crosswise over new hotels throughout the following 3-5 years. This would incorporate the setting up of its first abroad property at Colombo in Sri Lanka.

As indicated by Dipak Haksar, Chief Executive Officer, ITC Hotels and WelcomHotels, the organization will have a blend of both organization possessed and managed properties (Hotels) as a component of its methodology to explore the Leisure and Hospitality business. At exhibit, ITC Ltd possesses and managed 100-odd Hotels, crosswise over 70 areas, with more than 9,000 keys over its four brands.

These incorporate ITC Hotels in the super premium extravagance fragment; WelcomHotels for business and relaxation explorers; Fortune Hotels in the mid-market to upscale properties; and WelcomHeritage through which it runs a chain of castles, strongholds, havellis and legacy resorts.

“We will include 5,000-odd rooms in the following 3-5 years over all the four brands,” Haksar told in a press release on the sidelines of a tourism summit, Destination East, composed by the CII.

For the principal half of the financial (till September 2017), the nation’s second biggest and largest hotel chain reported a revenue of ₹605 crore, while the profit before tax stood at ₹10 crore.
Abroad DEBUT

Among the major forth planned is ITC’s first abroad wander in Sri Lanka. The Colombo property, with 300-keys, is required to be operational in 2020.

“It will be a blended utilize venture with hotel and residential,” the CEO said.

He, be that as it may, did not give a venture estimation for the project.

Market sources bring up that almost ₹1-1.5 crore is spent in building up each room. Interests in Sri Lanka could be higher.

Different PROJECTS

As indicated by Haksar, ITC inns at Hyderabad, Kolkata and Ahmedabad properties are relied upon to wind up noticeably operational in the blink of an eye.

While the ITC Kohinoor at Hyderabad will be operational in the not so distant future, around April, the organization’s second property at Kolkata, the 500-keys ITC Royal Bengal, will be operational in 2019. In 2020 it will make operational the 300-key Ahmedabad property.

Bullish about tourism potential in West Bengal, the organization has resolved to deal with an Hotel at Andal (190 kms from the city) in Durgapur through the Fortune mark.

This separated, the gathering will likewise take a gander at growing the Welcom marks in littler urban communities, for example, Amritsar (Punjab), Mussorie (Uttarakhand), Chail (Himachal Pradesh), Guntur (Andhra Pradesh) and Bhubaneswar (Odisha).

“We have five Welcom Hotels in the pipeline and are taking a gander at additional,” he said.

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