ITC Hotels to cross 220 properties by 2030 as room demand outpaces supply, says ITC Hotels Ltd Chairman and Managing Director Mr. Sanjiv Puri
- IBEF
- August 12, 2025
ITC Hotels Ltd Chairman and Managing Director, Mr. Sanjiv Puri, has projected that demand for hotel rooms in India will outpace supply, leading to improved occupancy and realisation, supported by a surge in international tourist arrivals soon expected to surpass pre-COVID levels, along with strong economic and infrastructure growth. The company now expects to exceed its earlier target of 200 operational hotels by 2030, aiming for over 220 hotels with 20,000 keys, driven by its asset-right strategy and expansion into tier-II and tier-III cities. In FY24, the company signed 30 franchisee and management contracts, and as of June 2025, it had 143 operational properties in 90 locations across six brands. He highlighted that India’s per capita hotel room penetration, at 0.3 rooms per 1,000 people, remains significantly below the global average of 2.2 rooms.
He added that the hospitality sector is on a robust growth trajectory due to rising societal aspirations, India’s growing appeal as an investment hub, digital transformation, and strong macroeconomic indicators. Increased domestic and international tourism, particularly in nature and adventure, cultural, spiritual, religious, and medical segments, is expected to boost the sector. The government’s plan to develop 50 tourist destinations will further enhance employment opportunities. However, he cautioned that geopolitical fragmentation remains a risk. Foreign tourist arrivals in 2024 were just under 10 million, compared with 11 million in 2019, leaving considerable room for growth. The hotel business was demerged from ITC Ltd in January, with ITC Ltd holding 39.87% and British American Tobacco (BAT) Plc owning 15.29% as foreign direct investment (FDI); BAT has expressed intent to sell its stake and is awaiting Reserve Bank of India approval.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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