Puneet Chhatwal

Tata group hospitality firm Indian Hotels Company Ltd is looking to strengthen its leadership position in spiritual tourism, developing properties in noted locations in India with spirituality expected to play a more significant role globally, according to a top company official. The company currently has 66 hotels either operational or under development at spiritual destinations, including the latest hotspot Ayodhya, and will continue to grow the portfolio. "I think spiritual destination and spirituality is going to play a more significant role across the globe. Not just for us, but generally for the world population, a very important role and I'm glad to say that we are at the forefront of it," company Managing Director & CEO Puneet Chhatwal told PTI. On why the company sees a huge opportunity in the segment, Chhatwal said, "spiritual destinations are a safer bet because people in good or in bad times go to get the blessings of the Lord, whether it's any kind of good, bad, sad ..

Chhatwal is the managing director and chief executive officer at Indian Hotels Company Limited. He will be taking over from Nakul Anand, the former executive director at ITC Hotels

As per analysts' estimates, Chhatwal, who is also the Managing Director and CEO of Indian Hotels Company Ltd (IHCL), said the sector had clocked a 14 per cent growth in Revenue Per Available Room

A combination of asset-light and asset-heavy is the right formula, driving absolute returns in its owned portfolio where the operating leverage is currently higher, he said

The Tata Group's hospitality arm reported a record quarterly performance for the June quarter as all-round growth helped the firm surpass the 2019-20 operational performance

The company's revenue surged by 249.45 per cent to Rs 1,293 crore during the quarter under review, compared to Rs 370 crore in the year-ago period.

Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Tuesday said its board has approved the re-appointment of Puneet Chhatwal as Managing Director and CEO for another term of five years.

The Indian Hotels Company (IHCL) is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025. We have signed over 100 hotels and opened over 40 hotels in the past five years, becoming the fastest growing hospitality company in India. Ahvaan 2025 will further accelerate our profitable growth by scaling our diversified brand portfolio across traditional and new businesses," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told reporters on Monday. IHCL aims to build a portfolio of 300 hotels, clocking 33 per cent EBITDA margin, of which 35 per cent EBITDA share contribution is expected to come from new businesses and management fees by 2025-26, he said. The hospitality company is also focused to strengthen the balance sheet with focus on free cash flows and be a zero net debt company, he said. Chhatwal said Ginger will be an important growth vehicle and will scale to 125

Of the 18 launches that IHCL is eyeing, 7-10 would be under the Ginger brand

Rakesh Sarna is stepping down on September 30