Puneet Chhatwal, MD and CEO of Indian Hotels Company Limited (IHCL), expressed confidence in the company's ability to achieve its long-term growth objectives despite challenges posed by escalating tensions in the Middle East. He noted that while the hospitality sector faces disruptions, including a 10% decline in travel demand for some companies, IHCL is on track for double-digit growth in the coming quarters. This growth is expected to come from both established and newly opened hotels, which are projected to contribute an additional 3-4% in revenue.

IHCL's strategy includes diversifying its offerings by brand and geography, with a focus on expanding its mid-market segment through the Ginger brand, targeting 250+ hotels. The company is also enhancing its revenue streams through ventures like Atmantan, a wellness center, and Qmin, a home delivery service. Currently, IHCL has a development pipeline of 255 hotels and aims to reach 700 operational hotels by 2030. Despite concerns over market volatility potentially impacting consumer sentiment, Chhatwal remains optimistic about IHCL's resilience and growth potential.