Amid COVID-19 pandemic and slump in the hospitality industry owing to lockdown and travel restrictions, ITC Hotels is optimistic about domestic tourism prospects and planning to increase the number of properties under the brand Welcomhotel.
The Rs 45,000 crore hospitality arm of ITC, said it was planning to increase the number of properties under the brand Welcomhotel to 25 in a year’s time from 19 now.
The brand opened two properties in a span of six months. Welcomhotel Tavleen Chail was unveiled on Thursday and Welcomhotel Shimla about six months ago. And Welcomhotel Ahmedabad and Welcomhotel Port Blair were relaunched in March quarter.
With the addition of the premier mountain resort at Chail, a managed property of Welcomhotel brand, the brand currently boasts a portfolio of around 19 properties across India, officials said.
ITC said its hotel business segment EBITDA was in March quarter at Rs 25 crore against breakeven in previous quarter and extreme focus on cost reduction and controllable cash fixed costs down 41 per cent in FY21.
“Vocal for locals is gaining more ground as people prefer to travel motorable distances post pandemic. Hence, domestic tourism is on the rise. At ITC Hotels we have always showcased destination India and this is the appropriate opportunity to cater to the public demand for experiential stays,” an ITC official said.
