First Oberoi’s Asmi, now Indian Hotels' Atmantan. India’s hotel brands clearly want a (large) slice of the wellness pie. The question is: how many travelers want a retreat, and how many just want a clean room?
The Clarks and Pride deals give Indian Hotels Company the reach it needs in the mid-scale space, where India’s real growth lies. But the real test lies in execution: Signing 46 hotels is one thing, keeping service consistent across 250 is another.
Even after the doubling of hotel supply by 2030, Northeast India will still remain underserved, as this will be less than 3% of India’s total branded hotel supply.
With this acquisition, IHCL isn’t just dipping its toes into the mid-market, it’s diving right in. With 85% of these hotels getting the Ginger name, the mid-tier is clearly the company’s growth engine for the decade.