Mumbai: Indian Hotels Company Limited (IHCL) is expanding its premium homestay business with the signing of ten bungalows in Andaman & Nicobar Islands.
The bungalows are being developed by Terra Rex Realty with the investment of ₹100 crore (excluding land cost) and will be ready by next year.
Homestay Operations
“As travel preferences continue to evolve towards experience-led stays, the homestay segment has emerged as a strong driver of growth,” IHCL managing director and CEO Puneet Chhatwal said on Thursday after the signing.
IHCL’s runs homestay business under the amã Stays & Trails brand. Currently it has 185 homestays in operation and another 185 in pipeline. IHCL earns a management fee from operations and it forms a part of company’s new business segment.
This segment which includes midscale hotel brand Ginger, culinary platform Qmin and boutique luxury resorts under Tree of Life brand contributes around 8 per cent of IHCL’s consolidated revenue.
Business Expansion
Chhatwal expects the new business segment’s share of revenue to increase to double digits in FY 27 with business expansion.
“There is growth on all fronts and the going is good,” Chhatwal said. He added domestic business remains resilient despite headwinds.
Chhatwal said earlier Taj brand used to contributed 100 per cent to company revenue but now other businesses have evolved and their share is growing in much bigger topline.
Published on April 30, 2026