ITC Hotels to grow room inventory by 5,000 with first steps overseas

ITC Hotels plans to add 5,000 rooms across new hotels in the next five years, including its first overseas property at Colombo in Sri Lanka.

Dipak Haksar, chief executive of ITC Hotels & WelcomHotels, said:  “We will be adding 5,000-plus rooms in the next 3-5 years across all the four brands.” Haksar added that the hotels division of the conglomerate will have a mix of both company-owned and managed properties as part of its strategy to strengthen the hospitality business. At present, ITC owns and manages 100-odd hotels across 70 locations,with more than 9,000 keys across its four brands. These include ITC Hotels in the super premium luxury segment, WelcomHotels for business and leisure travellers, Fortune Hotels in the mid-market to upscale properties and WelcomHeritage through which it runs a chain of palaces, forts, havelis and heritage resorts.

ITC’s first overseas venture in Sri Lanka will be the Colombo property with 300-keys which is expected to be operational in 2020. It will be a mixed-use project with both hotel and residential offerings.

ITC hotels at Hyderabad, Kolkata and Ahmedabad properties are expected to become operational shortly. ITC Kohinoor at Hyderabad will open later this summer while the company’s second property at Kolkata, the 500-keys ITC Royal Bengal, will be operational in 2019 and the 300-roomed Ahmedabad property will open in 2020.

ITC Hotels has spread its reach into smaller cities and towns in anticipation of a growing market. They have agreed to manage a hotel at Andal (190 kms from Kolkata) in Durgapur through the Fortune brand. The group will also expand the Welcom brands in smaller cities such as Amritsar (Punjab), Mussorie (Uttarakhand), Chail (Himachal Pradesh), Guntur (Andhra Pradesh) and Bhubaneswar (Odisha).