ITC Hotels has an aggressive growth strategy in place, says Nakul Anand

Amid a slowdown, ITC's hotel segment has recorded a 40 per cent increase in earnings before interest, tax, depreciation and amortisation, or Ebitda, in the third quarter of financial year 2020, and a 34 per cent rise in the nine months ended December 2019. Nakul Anand, executive director of ITC, tells Ishita Ayan Dutt that ITC Hotels has adopted an asset-right strategy, and in the next few years more than 75 per cent of the hotels that are added will be managed properties. Edited excerpts:   How would the asset right strategy help ITC expand more rapidly?   With more than a .....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.