To fill the gap between Ginger and Gateway brands, which are respective economy and upscale brands of Indian Hotels company Limited (IHCL), the Taj Group plans to enter this segment with a new mid-scale brand in the next two years as per a report in Mint. The company also see maximum growth happening in the Vivanta by Taj, Gateway and Ginger segments in India.
Mr. Raymond Bickson, managing director and chief executive officer of the IHCL said," For the next three years, we intend to have 175 hotels with 20,000 rooms in India and outside. About $3 billion (Rs.14,250 crore today) will be invested in the construction of the new properties that are under way, while we would run many of them on management contracts."