ITC Hotels: 2030 Vision - Asset-Light, 220+ Hotels Strong!

ITC Hotels aims to expand its portfolio to over 220 operational hotels with more than 20,000 keys by 2030, as outlined in its 2024–25 annual report. The company plans to accelerate growth primarily through management contracts and franchise models, aligning with its asset-light strategy adopted following its demerger from ITC Limited.

Currently, nearly 70% of ITC Hotels’ room inventory is operated under such asset-light arrangements, enabling rapid expansion with reduced capital expenditure. The company stated: “Having achieved considerable scale and market standing, the business pivoted into an asset-right strategy to drive growth and reduce the capital intensity of operations.”

ITC Hotels' brand portfolio includes ITC Hotels, Mementos, WelcomHotel, Storii, Fortune, and WelcomHeritage—each catering to different segments of the hospitality market.

In the last two years, the group has opened 30 hotels, with 29 launched as managed or franchised properties across India and Nepal. As of now, ITC Hotels operates over 140 properties, comprising more than 13,300 rooms, and continues to scale its presence in both domestic and regional markets.

News by Rahul Yelligetti.