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IHCL to scale great wall, goes for African safari
Financial Express September 16, 2003

Indian Hotel Company Ltd (IHCL), a Tatas-controlled hospitality major, which owns the Taj Hotels brand, is on a roll. The company is all set to take the Taj flag to a number of international destinations including China, South Africa, Scychelles, Bali and Australia.

However, the company will expand its reach to these destinations in lines with its ‘asset light’ approach.

It will spread its wings abroad mainly by entering into management contracts with local partners.

Addressing a press conference here to mark the centinery celebrations of Taj group of hotels, company managing director Mr Raymond N Bickson said that the company is planning to take the Taj flag to China soon. "We have plans to enter the Chinese market by setting up a hotel in Beijing first and later in Shanghai. However, we will most probably enter the Chinese market by acquiring management contract from Beijing Hotels, a Chinese government enterprise," he said. "The Chinese government is adding 50,000 more room capacity in Beijing to meet the Olympics demand. There are lots of space for us to manage," he added.

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