Tag Archives: Puneet Chhatwal

Puneet Chhatwal, Chairman, CII National Committee on Tourism and Hospitality, and MD & CEO, IHCL, says, “Tourism is not just about economic value and job creation, but also about cultural diplomacy, fostering deeper global connections. India is at an inflection point, moving from ‘Incredible India’ to ‘Inevitable India.'”

Marks over five decades of shaping goa’s tourism landscape Indian Hotels Company (IHCL), India’s largest hospitality company, marks a momentous milestone as it completes 50 years of Taj Fort Aguada Resort & Spa, Goa. IHCL, with a 16-hotel portfolio, two air catering units and 40+ homestays, continues its pioneering leadership in Goa’s tourism landscape. Speaking on the occasion, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “Goa holds a special place in IHCL’s legacy. Beginning in 1974 with the launch of India’s first beach resort Taj Fort Aguada, this historic moment marked the dawn of luxury hospitality in Goa. Over the past 50 years, IHCL has been an integral part of Goa’s transformation into one of the world’s most sought-after holiday destinations. With the introduction of brands like Vivanta, SeleQtions, Ginger, and the homestay bungalows under amã Stays & Trails, IHCL offers experiences tailored to diverse traveller preferences.” He added, “Today, as Goa continues to develop its infrastructure, IHCL stays committed to realising the state’s tourism potential. This includes our continued investment be it the recently launched TajSATS air catering unit and the upcoming 300-key Ginger hotel at MOPA airport as well as the development of Aguada Plateau as a world-class tourism destination showcasing the state’s rich cultural legacy.” The journey began in 1974 with the opening of Taj Fort Aguada Resort & Spa, India’s first luxury beach resort, transforming Goa into a global tourism hotspot. Since then, IHCL has continued to unveil iconic properties like Taj Holiday Village Resort & Spa, Taj Exotica Resort & Spa, the historic Taj Cidade de Goa Heritage designed by renowned architect Charles Correa and Taj Cidade de Goa Horizon at Dauna …

Federation of Associations in Indian Tourism & Hospitality (FAITH) has announced the result of its unopposed election for the post of Office Bearers for the term 2024-2026 in New Delhi. Puneet Chhatwal, MD and CEO, has been re-elected as Chairman, Ajeet Bajaj, ATOAI and Ajay Prakash, TAFI are the new Vice Chairmen. In contrast, Rajiv Mehra, IATO and Kanwarjeet Singh Sawhney have been declared the General Secretary and Treasurer, respectively. FAITH is the Policy Federation of 10 National Associations in India representing the entire Tourism and Hospitality Industry of the country which includes ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI) and Cause Partner – AIRDA.

“India is on the path to become the third-largest economy by 2027,” said Puneet Chhatwal, MD & CEO, IHCL at the 54th FHRAI Convention, adding that the contribution of tourism can be significant in this. He predicted the sector could double its $250 bn contribution to the GDP in the coming years.

“IHCL will invest ₹20 crore over the next three years to support international travel trade events and promote inbound tourism. This includes hosting events such as cocktail evenings at major international exhibitions to attract global visitors to India,” said Puneet Chhatwal,  CEO, IHCL”

Puneet Chhatwal, Managing Director and CEO, IHCL, said, “Re-imagined Gateway, is a full-service hotel offering in the upscale segment, an ideal fit to capture growth opportunities in emerging micro markets in metros and Tier II and Tier III cities. The brand roll-out starting with 15 hotels will commence with launches in Bekal and Nashik.”

IHCL gears up to open a minimum of two hotels per month, aiming to add 85 more hotels overall. “There may be new construction projects that we’re not yet aware of. Hence, we anticipate being in a favorable position to continue opening a minimum of two hotels per month”, said Puneet Chhatwal, MD & CEO, IHCL.

Speaking at the 6th HAI Hoteliers’ Conclave, Puneet Chhatwal, President, Hotel’s Association of India (HAI), shared that tourism sector is likely to create 50 million direct and indirect jobs in next 5-7 years, but the government must support tourism members to achieve full industry status, which will help in generating employment.

In the presidential address at the 25th Annual General Meeting, Puneet Chhatwal, President, HAI, emphasised the need to forge closer ties and collaborate with other industry bodies for a stronger and a more unified voice. He said “International travel has gone back 30 years globally and the ripple effect of tourism is affecting the economy of countries. Indian hospitality sector has rebounded due to various components of domestic travel and a vigorous internal demand.” 

Puneet Chhatwal, MD & CEO, Indian Hotels Company Limited (IHCL) has claimed that they are bringing out new hotels almost every day. He informs, “We just signed a contract for another Taj Wellington Mews. We signed another property in a resort in India. We are very much on track to deliver one hotel a month, which can also become 1.5 or 1.3 hotel a month, owing to the lockdown or construction bans because of pollution.”