Indian Hotels earned ₹470 crore hotel management fee in FY24

Indian Hotels Co. Ltd, the company that runs Taj and SeleQtions hotels and catering business TajSATS, has grown considerably in its business in the fiscal year. Read also: IHG Hotels & Resorts shifts gears in India, to double presence after slow start It is important to note that the company's new business vertical—which comprises Ginger, Qmin, amã Stays & Trails, The Chambers and its catering business TajSATS—reported a revenue of ₹1,588 crore which is included in its consolidated revenues. Read also: Scent of growth for Indian Hotels as the good times check in Additionally, its homestay management arm, amã Stays & Trails clocked a revenue of ₹35 crore, growing 42% over the previous year, with more properties this year—with 100 bungalows in operation. Its food business in restaurants Qmin reported a revenue of ₹101 crore, a 73% growth over the previous year basis the inclusion of 35 Qmin outlets in its budget brand Ginger hotels. Read also: Indian hotels added record number of rooms in 2023 However, in its balance sheet it observed that one of its subsidiaries made losses of ₹50.73 crore in FY24.