Hotels posted impressive
performance during the year with
segment revenues growing by 26%.
The Company’s Hotels
business posted yet another impressive performance
during the year with segment revenues growing by 26%.
The year marked a significant development for the
Company’s Hotels business with ITC-Welcomgroup entering
a new phase in its collaboration with Starwood Hotels &
Resorts through a new franchise agreement. As per the
agreement, ITC-Welcomgroup will have an exclusive
partnership with Starwood to bring in its premium brand,
‘The Luxury Collection’, to India. Seven ITC-Welcomgroup
hotels have joined the list of exclusive properties
world-wide that are part of Starwood’s ‘Luxury
Construction activity in
respect of the new super-deluxe luxury hotels at Bengaluru and
Chennai is progressing as per plans.
Seven ITC-Welcomgroup hotels are part of
Starwood’s exclusive ‘Luxury Collection’.