BRAND STORY

Offering the world, the crown of Indian hospitality

A curation of authentic resplendent living palaces, landmark hotels, idyllic resorts and wildlife safaris, Taj is the hallmark of iconic luxury hospitality across the globe. The brand is recognised for its warm and intuitive service and remains the undisputed leader in Indian hospitality. The brand is present across 47 destinations.

70
Hotels#
9,504
Rooms#

# As on April 30, 2019

PROMINENT NEW PROPERTIES ADDED DURING THE YEAR

TAJ ARAVALI RESORT & SPA, UDAIPUR DECEMBER 2018

TAJ THEOG RESORT & SPA, SHIMLA FEBRUARY 2019

TAJ RISHIKESH RESORT & SPA, UTTARAKHAND MARCH 2019

FUTURE STRATEGY

We will continue to consolidate and grow this brand as the most iconic luxury hospitality brand. Our aim is to expand the brand's footprint across landmark cities and leisure destinations in India and globally.

We will add 13 new properties (2,900 rooms) under the brand over the next few years.

KEY HIGHLIGHT

The right name on

Mansingh is Taj

FY 2018-19 gave us many reasons to smile, but one of our proudest moments was when we retained our crown jewel property – Taj Mansingh or Taj Mahal, New Delhi. We retained this property at a licence fee of 32.5% of the gross turnover of the hotel for an agreement spanning 33 years. The strategic location of this property makes it an important part of the Taj portfolio.

This will unveil new opportunities for us and we are investing in renovating this property. Our long-term emphasis will be on optimising revenues and maximising profitability of this property.


AGREEMENT FOR THE HOTEL IS FOR
33 Years

KEY HIGHLIGHT

Retaining

Taj Lake Palace

During the year, we renewed our agreement with Shriji Arvind Singh Mewar of Udaipur for the magnificent heritage palace, Taj Lake Palace. This 18th Century property came under the IHCL ambit in 1971 and has gained worldwide recognition since then for its best-in-class offering. It is one of the most photographed hotels in the world and has scored high on delivering superior customer experiences.

Securing and retaining iconic assets like Taj Lake Palace is crucial to IHCL’s Aspiration 2022 strategy and is in line with our Aspiration to ‘Be the Most Iconic and Profitable Hospitality Company’. Our strong focus on asset management and ability to nurture long-term relations with our partners is demonstrated through this renewal. We are committed to achieve all-round, profitable and responsible growth of this property.

IHCL shall proudly continue its partnership to manage Taj Lake Palace, Udaipur for the next few decades.

65
Rooms
18
Grand Suites