The
Taj Group has China on the menu
Business
Standard
September 11, 2003
The
Taj Group of Hotels is planning to enter the Chinese
market. Beijing and Shanghai are among the 13
international cities that have been identified
by the group for its expansion in the next two
years.
“It
is a big growth area with the country attracting
160 million tourists every year. Besides, the
Chinese government is strongly wooing international
hotel chains to construct properties in the area
as the Olympic Games are scheduled to be organised
there,”
Raymond N Bickson, the newly appointed managing
director of Indian Hotels Company Ltd told newspersons
here.
He
added the other strategic markets include Europe,
North America, middle east markets including Doha
and Qatar and the other Asian markets along the
rim of the Indian Ocean including Thailand, Mauritius,
Bali and Indonesia.
Bickson
added that in order to expand aggressively, the
company would prefer management contracts rather
than directly investing in the properties. He,
however, added that if the location was good and
it becomes necessary to put in investment, the
Taj group would consider picking up to 20 per
cent in the property.
Meanwhile,
instead of joining hands with any international
spa brand, IHCL has tied-up with a London-based
spa company - Raison d’etre - and has formed a
separate division in the company. Raison d’etre
has developed the Sixth Sense spa and also manages
all the spas in the Aman Group luxury chain of
hotels.
The
division will launch an exclusive spa offering
for its hotels which is going to be on a large
scale spread over 15,000-20,000 square feet. The
first four Taj group hotels to get the new spas
would be Wellington Mews, Ram Bagh Palace, Lake
Palace at Udaipur and the Taj Lands End in Mumbai.
“We will launch 12 spas of large sizes in the
next three years,” Bickson added.
Bickson
added that the company wanted to become asset-light
wherein some properties would be sold-off and
the company would, in turn, seek management contracts.
He
added that the company has taken a decision to
enter into also identified luxury residences,
sustainable tourism areas of growth including
wildlife areas as well as value hotels to drive
growth in future.
The
company is already constructing its first value
hotel in technology park at Bangalore. Bickson
said that such hotels would come up in technology
parks, pilgrimage areas and the main transportation
hubs.
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