New Delhi, Jul 7 (PTI) Tata Sons Chairman N Chandrasekaran on Monday exuded confidence that the future looks “very strong and bright” as growing consumption in India will drive the growth of the travel sector, sharing his outlook at the Tata Group-owned Indian Hotels Company Limited’s (IHCL) AGM. Addressing shareholders of IHCL, the country’s biggest hospitality player, Chandrasekaran shared that the “intent is to achieve a total global footprint of 700 hotels by 2030 and double the revenues to cross ₹15,000 crore”. The Tata Sons Chairman began his address at the Annual General Meeting (AGM) by paying tributes to those who lost their lives at the Air India plane crash recently, and also expressed a “deep sense of loss” at the passing away of Ratan Tata last October. “To lose a single person we know is a tragedy, but for so many deaths to occur at once is incomprehensible. Our thoughts are with them. I also would like to express a deep sense of loss on the passing away of Ratan Tata in October 2024. “He was a truly uncommon leader, a distinguished business leader and philanthropist, and his remarkable vision and achievements shaped the Tata Group for multiple decades. He was a dear friend and the person whom I turned to for any guidance. In other words, we miss him very dearly,” Chandrasekaran said. The Tata Sons Chairman asserted that India has shown remarkable resilience in the backdrop of the significant shifts witnessed post the Covid pandemic, which resulted in supply chain shocks and an economic slowdown, especially in the developed markets. The services sector in India has been growing at around a little over 8 per cent, the foreign nationals travel to India is also growing year on year, and is slowly here in the 10 million mark, Chandrasekaran added. “Future looks very strong and bright as the consumption in India keeps growing and the travels will continue to increase,” he asserted. Elaborating on the financial performance of IHCL during 2024-25, Chandrasekaran said in the last fiscal year, the company signed 74 new hotels and had 26 new openings. The total portfolio has expanded to 380 hotels. “In terms of financial performance, our total standalone revenue was at ₹5,145 crore, with a profit after tax of ₹1,430 crore. On a consolidated basis, our revenues were about ₹8,565 crore, and our profit after tax was ₹1,908 crore. “Our consolidated EBITDA margin touched 38 per cent. IHCL also reported a free cash flow of ₹1,100 crore in 2024-25 and now has a very strong cash reserve of over ₹3,000 crore,” the Tata Sons Chairman said. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
According to the Chairman of Tata Sons, the future looks exceptionally promising and vibrant, fueled by India’s increasing consumption which is driving growth in the travel sector.
