Synopsis
Indian Hotels Company Ltd (IHCL), owned by the Tata group, is a pioneer in luxury hotels. In 1903, the group started the iconic hotel that is today called The Taj Mahal Palace. The group now has more than 215 hotels, villas and restaurants, offering mid-size budget hotels to opulent multi-acre palaces. The company operates in 80 locations spread across four continents and 12 countries.
Travel and tourism, airlines and gaming — everything related to the hospitality sector suffered the maximum damage due to Covid-19. But as they say, tough times bring the best out of some. IHCL is one. It has been able to set its house in order to some extent and the market has rewarded it with higher valuations. Now, the hotel major has to protect the valuation.Indian Hotels Company Ltd (IHCL), owned by the Tata group, is a pioneer in luxury
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