India’s ITC Hotels embarks on global expansion post-demerger, targeting neighboring countries and West Asia with an asset-light growth strategy.

India’s ITC Group is setting its sights on expanding its hotel business beyond national borders, with plans to target neighboring countries and West Asia. The move follows the recent demerger of its hotels division, ITC Hotels Ltd., which is poised for a stock market debut in the coming weeks.

Operating under six distinct brands—ITC Hotels, Fortune, Mementos, Storii, WelcomHeritage, and Welcomhotel—the group has already made its mark internationally by opening its first property in Sri Lanka last year. Future international growth will focus on a managed and franchise-based model.

ITC Hotels is recognized for its environmental stewardship, maintaining emissions levels across its properties that are already below the Paris Agreement’s 2030 targets, as reported by PTI. Notably, ITC operates the world’s first 12 LEED-certified net-zero carbon hotels and the first five net-zero water hotels.

Currently, ITC Hotels boasts 140 properties with a total of 13,000 rooms, 45% of which are owned by the company while the remainder are operated through management contracts. Adopting an asset-light strategy, the company is prioritizing growth through management agreements to expand its footprint.

In parallel, Indian Hotels Co., owned by Tata Group, is pursuing aggressive growth under its “Accelerate 2030” strategy. The company aims to double its portfolio to over 700 hotels and achieve revenue of $1.8 billion by March 2030.

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