IHCL's Growth Takes Flight: Taj Damdama Lake

The Indian Hotels Company (IHCL) has launched the reimagined Taj Damdama Lake resort and spa in Gurugram, aligning with its broader strategy to achieve double-digit growth in FY26.

The 143-key luxury resort features private villas, some equipped with plunge pools, and offers a comprehensive wellness experience including Turkish Hammam therapies. Guests can also enjoy curated local experiences, such as farm visits and temple tours.

As India’s largest hospitality group and the parent company of the Taj brand, IHCL’s growth in FY26 will be fueled by a combination of same-store performance, new business verticals, and the addition of 30 new hotels amid a buoyant hospitality market.

Under its Accelerate 2030 vision, IHCL aims to double its portfolio to over 700 hotels and grow consolidated revenue to over ₹15,000 crore. “In line with our strategy of growing the presence of the iconic Taj, IHCL signed 19 Taj hotels in FY25,” said an IHCL spokesperson. New signings include locations in Bengaluru, NCR, Goa, Chail, Bahrain, and Ras Al Khaimah.

The company has allocated over ₹1,200 crore for capital expenditure, with 60–65% earmarked for renovations and digital upgrades at marquee properties such as Taj Palace Delhi, Fort Aguada Goa, Taj Kolkata, and St. James in the UK.

News by Rahul Yelligetti.