Tata Group to build 50 Ginger hotels in coming four years

As the opportunities in the budget hotel segment are growing, diversified conglomerate Tata Group plans to construct 50 hotels of its chain Ginger across India in the next four years.Indian Hotels Co. Ltd (IHCL), the group’s listed hospitality firm, owns 20 Ginger hotels in the country through its subsidiary Roots Corporation Ltd (RCL). “There are signs that inbound tourist traffic is gaining momentum.

In the next 3-4 years, we’d love to build a total of 70 hotels if not more. So, at an average of 100 rooms per hotel, our inventory would go up to 7,000 rooms during this period,” said by the officials.The company has also commenced work on hotels in Chennai, Surat, Indore, Tirupur, Manesar and Lucknow. Current development in the budget category is low. There are not many players in this segment and so there is immense opportunity here. By 2011, about 25,000 new upscale rooms are expected in major Indian cities versus nearly 18,000 rooms in mid-scale and budget segments.