IHCL's Ginger targets Rs 3,000 crore enterprise revenue by 2030

New Delhi: The Tata Group-backed Indian Hotels Company (IHCL) is betting big on its budget brand Ginger, aiming for ₹3,000 crore in enterprise revenue from the Ginger portfolio by 2030, said Deepika Rao, executive vice-president for the select service business at IHCL, told ET.

Rao said Ginger is set to exceed ₹1,000 crore in enterprise revenue in FY27 from ₹814 crore the year ago.

"With a robust pipeline and non-linear growth momentum, Ginger's enterprise revenue will grow 2.5x to 3x to reach ₹3,000 crore by 2030," she added.


As of July 31, Ginger had a portfolio of 260 hotels, including 165 operational properties and 95 in the pipeline. Ginger's operational footprint spans more than 110 locations across the country. Enterprise revenue for Ginger stood at ₹301 crore in the first quarter of FY27.

Ginger's upcoming openings this fiscal year include hotels in Jorhat, Guwahati, Patna, Kolhapur and Cochin.

Rao said Ginger's growth will be predominantly capital-light through operating leases and selective investments, including a 300-key Ginger hotel at MOPA in Goa.

The Tata Group-backed Indian Hotels Company (IHCL) had agreed to acquire around a 51% stake each in ANK Hotels and Pride Hospitality. The company said most of these properties would be rebranded as Ginger hotels.

"Currently, 45% of Ginger hotels, including the ANK Hotels and Pride Hospitality portfolios, are managed, while the rest are predominantly capital-light leased properties. This mix should remain largely balanced at 60:40 leased versus managed as we scale through both operating leases and management contracts," Rao added.

She said more than 50 hotels in the ANK and Pride portfolios have executed brand migration agreements and are being onboarded into IHCL's brandscape following design and product enhancements. Twenty of these hotels have already been migrated, including properties in Hyderabad, Jaipur, Agra and Vadodara. Building on this pace, she said, the migration of all hotels will be completed over the next 12-18 months. The chain has also decided to operate "big-box" Ginger properties. Rao said the Ginger hotel at Mumbai Airport, with 371 keys, generated more than ₹100 crore in revenue in FY26. The recently opened Ginger Candolim, Goa, with more than 280 rooms, recorded a 75% occupancy rate and ₹38 crore in revenue in its first full financial year. Upcoming Ginger hotels include the Bengaluru Airport property with 325 keys, a 300-key hotel at MOPA Airport, a 200-key hotel at Kolkata Airport, and a second Ginger hotel at Mumbai Airport (Terminal 2) with 220 keys. The chain's Q1 signings for the Ginger brand include hotels in Agra, Goa, Surat, Kolkata and Sindhudurg.