Shares of The Indian Hotels Company Ltd (IHCL) remained in focus on Wednesday after the hospitality company said it signed 20 hotels in the April-June quarter as it continued to expand its portfolio under the ‘Accelerate 2030’ strategic roadmap.The stock declined nearly 2 per cent to ₹731.75 on the NSE from the previous close of ₹745.95.The Tata Group company said it is well poised to achieve a portfolio of 700 hotels by 2030. IHCL currently has a pipeline of 263 hotels.During the quarter, the company opened 11 new hotels across its brands, taking its operating portfolio to over 380 hotels across brands and markets.Suma Venkatesh, Executive Vice President - Real Estate and Development, IHCL, said 17 of the 20 hotel signings during the quarter were across the Gateway, Ginger and Tree of Life brands.The signings included new destinations and emerging markets such as Bharatpur, Trichy, Sindhudurg, Jawai and Wayanad, along with deeper penetration in established markets including Mumbai, Goa, Agra and Kolkata.Deepika Rao, Executive Vice President, Hotel Openings and New Businesses, IHCL, said the Taj brand reached a milestone of a 150-hotel portfolio with three signings during the quarter, expanding its leisure footprint to Dharamshala, Barapani in Meghalaya and Kusur valley in Maharashtra.Rao added that the company strengthened its international presence during the quarter with the opening of Taj Hessischer Hof in Frankfurt and Taj Bush Lodge in Greater Kruger, South Africa.Published on July 8, 2026