IHCL announces Select Service Business vertical for 4 brands

New Delhi, Aug 10 (PTI) Tata Group-owned Indian Hotels Company (IHCL) on Monday announced a new business vertical encompassing four distinct brands – Ginger in the mid-scale segment, Tree of Life in experiential leisure, amã Stays & Trails in premium homestays and Qmin, the culinary platform.

“Under the newly formed Select Service Business vertical, IHCL brings together a portfolio of 260 Ginger hotels, 40+ Tree of Life resorts, 360+ bungalows under amã Stays & Trails and 100+ Qmin outlets. This will serve as IHCL’s non-linear growth engine, driving scale, innovation and profitable growth across diverse hospitality segments, said Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL.

The new and emerging brands and business of IHCL

have achieved significant scale with the recent inclusion of ANK Hotels and Pride Hospitality, he said.

“These high-growth brands with distinct market positioning will capitalise on emerging opportunities, enabling the Select Service Business to deliver an enterprise revenue CAGR of over 25 per cent under Accelerate 2030,” Chhatwal said.

In line with the above, Deepika Rao is redesignated as Executive Vice President, Select Service Business, IHCL. She, along with her leadership team, will drive business performance across the four brands under five distinct legal entities, the company said. PTI RSN HVA