ITC Hotels Targets 220 Properties, 20,000 Keys by 2030

ITC Hotels, one of India's premier hospitality companies, has outlined an ambitious expansion strategy in its FY 2024–25 annual report.

The company aims to operate over 220 hotels with more than 20,000 keys by 2030, reinforcing its position as a leader in the Indian and South Asian hospitality sectors. Central to this growth plan is an asset-light model, leveraging management contracts and franchise agreements, which currently account for approximately 70 percent of its operating rooms.

Key Highlights

• ITC Hotels targets over 220 properties and 20,000+ keys by 2030
• 70 percent of rooms to be operated via management contracts or franchises
• Added 30 hotels in 2 years, 29 of which were asset-light expansions

Following its demerger from ITC Limited, ITC Hotels is accelerating its expansion with reduced capital outlay. The company owns and operates a portfolio of marquee brands, including ITC Hotels, Mementos, WelcomHotel, Storii, Fortune, and WelcomHeritage, catering to various market segments from luxury to heritage stays. The strategic shift to an “asset-right” model allows it to scale quickly while maintaining profitability.

Over the past two years, ITC Hotels has added 30 new properties, with 29 of them being managed or franchised, spread across India and Nepal. This brings the company’s operational footprint to over 140 hotels and 13,300 rooms, reflecting its aggressive yet sustainable approach to growth.

Also Read: ITC Hotels to grow presence with launch of Mementos by ITC Hotels in Siliguri

As ITC Hotels gears up for 2030, its focus on capital efficiency, brand diversification, and geographic expansion is set to reshape its market positioning while meeting the rising demand for branded hospitality experiences.