Hospitality Companies in India
Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains, and places of natural beauty spread across the country.
Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. During January-October 2018 FEEs from tourism increased 8.30 percent year-on-year to US$ 23.54 billion.
Indian Hotels Company Limited (IHCL) provides a fusion of warm Indian hospitality and world-class services to its guests. The group was incorporated in 1903 with its first-ever hotel-The Taj Mahal Palace, Mumbai. It is present in 12 countries across four continents including India, North America, United Kingdom, Africa, Sri Lanka, etc.
The group has a portfolio of about 165 hotels including 20 under development properties. During 2017–18, the group recorded revenue of Rs 2,639.34 crore (US$ 409.52 million).
Taj, Vivanta, and The Gateway are the three award-winning brands functioning under the group with 37, 33 and 28 hotels operating under the brands respectively.