ITC

Hotels expansion: Sanjiv Puri reveals 2030 roadmap; is it a good long-term buy below Rs 250?

Hotels Share Price : ITC Hotels chairman Sanjiv Puri has revealed the roadmap to expand the portfolio to over 220 hotels with 20,000 keys by 2030 -- exceeding the previous target of 200 properties. Addressing the 1st AGM of ITC Hotels after its listing earlier this year, Sanjiv Puri said India's hospitality industry is poised for a strong growth due to a confluence of economic multipliers. He said that only 0.3 rooms per thousand population are available in India compared to the world average of 2.2 rooms, adding that "India's hospitality sector has huge headroom to grow". Sanjiv Puri said that ITC Hotels is actively expanding into tier-II and tier-III cities and aims to surpass pre-Covid levels of international tourist arrivals. To drive superior guest experiences and strengthen operational efficiency, "your company has made significant investments in digital adoption, including AI", he said.