INDIAN HOTELS ANNOUNCES IT'S 28th HOTEL IN TAMIL NADU

has marked it's presence in the emerging industrial hub of Tuticorin (Tamil Nadu) with a Ginger branded hotel. The town is emerging as a key economic hub in South India, driven by its strong industrial base and new investments. The growth of mega projects in the automobile and energy sectors has created significant long-stay demand, making it an ideal market for the company's presence. With the addition of this hotel, the company will now have 28 hotels in Tamil Nadu, including 10 under development. Having a market cap of Rs 98,139 crores, the company has reported a sales growth of 40% CAGR and profit growth of 97% CAGR over the last 3 years. With the addition of new hotels, the company's revenue and profits are set to increase further in the upcoming quarters.