Renamed eco(1)
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The Indian Hotels Company Limited, also known as Taj Hotels Resorts and Palaces, was incorporated in 1902 and established its first hotel, The Taj Mahal Palace in Mumbai, in 1903. Since then it has expanded to include over 100 hotels across India and internationally. Its vision is to be a benchmark in the hospitality industry globally. While it has faced challenges like the 2008 Mumbai terrorist attacks and competition from other hotel chains, Taj Hotels aims to continue growing and opening over 80 new hotels globally by 2018 through expansion, renovations, and entering new market segments.
Renamed eco(1)
- 1. The Indian Hotels Company Limited
- 2. Group Members Name Sr. No Disha Bhojani 16 Divya Gandhi 17 Faraz Alam 18 Faraz Patel 19 Farheen Ansari 20
- 4. Timeline
- 5. Timeline: Taj Hotels • 1902: Incorporation of Indian Hotels Company Ltd. (IHCL) by Jamshedji Tata • 1903: The Taj Mahal Palace, Mumbai - First Hotel established • 1974: First five star beach resort, Fort Aguada Beach Resort, Goa • 1980: First international step. Taj Sheba Hotel at Yemen • 1989: Taj Bengal in Kolkata. First chain to have presence in all five metros. • 2000: Partnership with GVK Reddy group to form Taj GVK Hotels • 2004: Opened Wellington Mews in Mumbai, first luxury serviced apartment and launched Ginger, its value for money chain • 2008: Taj Mahal Palace, Mumbai, was under terrorist siege on 26 November, 2008 • 2010: Taj Mahal Palace, Mumbai reopened completely • 2011: Taj Hotels Resorts and Palaces opens a new hotel - Vivanta by Taj – Dal view, Srinagar.
- 7. Vision To lead and become the international benchmark in the Hospitality industry in India and in key regions of the world To dazzle and delight the customer with the highest quality of hotel products, food and beverage experiences, and above all, exceptional standards
- 8. Mission Our mission is to contribute to the Tata Group purpose statement which is •To improve quality of life in India. We do this by being leaders in sectors of national economic significance. •To evoke trust among our customers, employees, shareholders and the community.
- 9. Key Business Drivers Hospitality Industry
- 15. Corporate Awards
- 16. Global Awards August 2013 • The Taj Group of Hotels was conferred the Conde Nast Traveler USA World Savers Award 2013 for Poverty Relief. • Banjaar Tola, the Taj Safari lodge in Kanha National Park was conferred the award for Most Innovative Guest Experience at the Virtuoso Best of Best Awards 2013. July 2013 • Umaid Bhawan Palace, Jodhpur ranked no. 11 on the list of "Top Resorts in Asia" and no. 14 on the list of "Top 50 Hotels in the World" in the Travel + Leisure World's Best Awards 2013.
- 17. National (Indian) Awards (April 2013) • Taj Falaknuma Palace, Hyderabad was named the Best Heritage Hotel in India at the T+L India's Best Awards 2013. • Wasabi by Morimoto at the Taj Mahal Palace, Mumbai was named the Best Hotel Restaurant at the T+L India's Best Awards 2013. • The Jiva Spa at Taj Exotica Goa was named the Best Destination Spa in India at the T+L India's Best Awards 2013.
- 18. Regional Awards 2013 • The Taj Mahal Hotel, New Delhi has been awarded the 2013 certificate of Excellence by Tripadvisor
- 19. The Financials
- 21. Total Income
- 22. Break Up of Total Expenses
- 23. Break up of other Expenditure
- 24. Total Expenses
- 25. Net Profit
- 26. Net Profit Margin ( %)
- 27. Debt – Equity Ratio
- 29. Earning per shareEarning per share
- 31. Company Specific Risks • Heavy Dependence on India • Dependence on the high-end Luxury segment • Competition from International Hotel Chains • High Operating Leverage • Foreign exchange fluctuation risks
- 32. Risk Mitigation Initiatives • Security measures. • Entrance in the mid-market segment • Renovating and Repositioning all its key properties. • Operating and financial leverage. • Monitoring.
- 34. Future Plans of Taj Hotels • it plans to open 83 new hotels globally to take tally to 200 by the end of 2018. (end of 5 years) • The big plans include ‘Project Island’, to develop the Landsend property at Bandra, Mumbai, into an iconic 1,000-room hotel with 12 restaurants and two ballrooms seating 2,000 each. • The Taj group of hotels, at present involved in four projects in China, may become the first Indian hotel company to establish its presence in Tibet.
- 35. Biblography • http://www.tajhotels.com/About-Taj/Company-Information/History-Of- Taj.html • http://www.tajhotels.com/About-Taj/Investor-Relations/pdf/IHCL-Annual- Report-2012-13.pdf#zoom=100 • http://www.moneycontrol.com/financials/tajgvkhotelsresorts/ratios/TGV • http://www.moneycontrol.com/financials/tajgvkhotelsresorts/profit- loss/TGV#TGV • http://forbesindia.com/article/big-bet/raymond-bicksons-revival-plan-for-taj- hotels/35111/0
- 36. THANK YOU