ITC Hotels has an aggressive growth strategy in place, says Nakul Anand

ITC Hotels offers comprehensive hospitality solutions through more than 100 hotels in over 70 destinations in the country

Amid a slowdown, ITC's hotel segment has recorded a 40 per cent increase in earnings before interest, tax, depreciation and amortisation, or Ebitda, in the third quarter of financial year 2020, and a 34 per cent rise in the nine months ended December 2019. Nakul Anand, executive director of ITC, tells Ishita Ayan Dutt that ITC Hotels has adopted an asset-right strategy, and in the next few years more than 75 per cent of the hotels that are added will be managed properties. Edited excerpts:
 
How would the asset right strategy help ITC expand more rapidly?
 
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