Taj Hotels Resorts and Palaces

Indian Hotels Company Limited
Taj Hotels Resorts and Palaces
Public company
Traded as BSE: 500850
NSE: INDHOTEL
ISIN INE053A01029
Industry Hotels
Founded 1881 (1881)
Founder Jamshedji Tata
Headquarters Oxford House, 15/17 N. F. Road Apollo Bunder, Mumbai, Maharashtra, India
Key people
 Ratan Tata (Interim Chairman) Rakesh Sarna (MD & CEO)
Revenue ₹1,924.79 crore (US$290 million)[1][2] (2012-13)
₹453.34 crore (US$67 million)[1][2] (2012-13)
Profit ₹1,924.79 crore (US$290 million)[1][2] (2012-13)
Total assets ₹6,766.37 million (US$100 million) (2013-14)
Parent Tata Group
Website www.tajhotels.com

Indian Hotels Company Limited (IHCL),[3] branded as Taj Hotels Resorts and Palaces,[4] is a chain of hotels and resorts headquartered at Oxford House in Mumbai,[5] which was incorporated by the founder of the Tata group, Jamsetji Tata, in the year 1903.[6][7] This company is a part of the Tata group, one of India's largest business conglomerates. As of 2015, Taj Group operates 108 hotels across India and 17 hotels in the UK, USA, Africa, Maldives, Malaysia, Bhutan, Sri Lanka and the Middle East,[7] and employed over 13000 people in the year 2010.[5][8] Taj Group also owns a few private islands.[9]

History

Jamsetji Nusserwanji Tata (1839 – 1904)
Taj Hotel logo displayed on top of Taj Samundra in Colombo.

Jamsetji Nusserwanji Tata, founder of the Tata Group, opened the Taj Mahal Palace, a hotel in Mumbai (formerly called Bombay) overlooking the Arabian Sea, on 16 December 1903. It was the first Taj property and the first Taj hotel. There are several anecdotal stories about why Tata opened the Taj hotel. According to a story he decided to open the hotel after an incident involving racial discrimination at the Watson's Hotel in Mumbai, where he was refused entry as the hotel permitted only Europeans.[10] Hotels which accepted only European guests were very common across British India then. According to another story he opened the hotel when one of his friends expressed his disgust about the hotels which were present in Bombay then. But a more plausible reason was advanced by Lovat Fraser, a close friend of the Tata and one of the early directors of the IHCL group, that the idea had long been in his mind and that he had made a study on the subject. He did not have any desire to own a hotel but he wanted to attract people to India and to improve Bombay. It is said that Jamsetji Tata had travelled to places like London, Paris, Berlin and Düsseldorf to arrange for materials and pieces of art, furniture and interior artefacts for his hotel.[11] The Taj group has since then developed and flourished, under the Tata Group.

The Taj Mahal Palace in Mumbai is the first hotel of Taj, opened in the year 1903

In 1974, the group opened India's first international five star deluxe beach resort, the Fort Aguada Beach Resort in Goa. In 1970s, the Taj Group also began its business in metropolitan hotels, opening the five-star deluxe hotel, Taj Coromandel in Chennai, in 1974, acquiring an equity interest and operating contract for the Taj President (now Vivanta by Taj - President), a business hotel in Mumbai, in 1977, and also opening the Taj Mahal Hotel in Delhi in 1978.

The group has been converting royal palaces in India into luxury hotels since the 1970s. The first palace to be converted into a Taj luxury hotel was the Lake Palace in Udaipur, in 1971. Other examples include the Rambagh Palace in Jaipur, Umaid Bhawan Palace in Jodhpur, Falaknuma Palace in Hyderabad and Nadesar Palace in Varanasi.

A part of the Umaid Bhawan Palace in Jodhpur is a Taj luxury hotel and it is a member of the Leading Hotels of the World

In 1980, the Taj group opened its first hotel outside India, the Taj Sheba Hotel in Sana'a, in Yemen and in the late 1980s, acquired interests in the St. James' Court Hotel (now comprising Taj 51 Buckingham Gate Suites and Residences and St. James' Court, A Taj Hotel) in London. In 1984, the Taj group acquired, under a license agreement, each of the Taj West End in Bangalore, Taj Connemara (now Vivanta by Taj - Connemara) in Chennai and Savoy Hotel in Ooty. With the opening of the Taj West End in Bangalore, the Taj Group made its foray into Bangalore. The five star deluxe hotel, Taj Bengal in Kolkata, was opened in the year 1989, and with this the Taj group became the only hotel chain in India with a presence in the six major metropolitan cities of India, namely Mumbai, Delhi, Kolkata, Bangalore, Hyderabad and Chennai.

Concurrently with the expansion of its luxury hotel chain in the major metropolitan cities, the Taj Group also expanded its business hotels division in the major metropolitan and large secondary cities in India. During the 1990s, the Taj Group continued to expand its geographic and market coverage in India. It developed specialized operations (such as wildlife lodges) and consolidated its position in established markets through the upgrading of existing properties and development of new properties. Taj also set up the Taj Kerala Hotels and Resorts Limited in the early 1990s along with the Kerala Tourism Development Corporation.[12]

Twelve hotels of the Taj group are members of the Leading Hotels of the World.[13] The following table is a list of those twelve hotels:

Taj Samudra hotel in Colombo.
Continent Country Town / City / Location Hotel Name
Africa South Africa Cape Town Taj Cape Town
Africa Zambia Lusaka Taj Pamodzi
Asia India Bangalore The Taj West End
Gwalior Usha Kiran Palace
Hyderabad Taj Falaknuma Palace
Jaipur Rambagh Palace
Jodhpur Umaid Bhawan Palace
Kolkata Taj Bengal
Mumbai The Taj Mahal Palace
Thiruvananthapuram Vivanta By Taj
New Delhi The Taj Mahal Hotel
Maldives Malé Atoll (South) Taj Exotica Resort & Spa
Sri Lanka Colombo Taj Samudra
United Arab Emirates Dubai Taj Dubai
North America United States Boston Taj Boston
New York City The Pierre
San Francisco Taj Campton Place

Two hotels of the Taj group, namely Rambagh Palace in Jaipur and the Taj Mahal Palace in Mumbai, were ranked in 2013 by Condè Nast Traveler among the Top 100 Hotels and Resorts in the World.[14] In late 2013, the Indian Traveller magazine ranked Taj Lake Palace in Udaipur and Taj Exotica Resort & Spa in Maldives on ranks 34 and 98, respectively, in the list of 100 Best Hotels & Resorts.[15] Condè Nast Traveler also ranked the Taj Mahal Palace in Mumbai on number 13 in the list of Gold Standard Hotels, in 2014.[16]

Hospitality brands

Since the late 2000s, the Taj hotels' group started organising its hotels into different brands, in a market segmentation strategy.

Other ventures

See also

References

  1. 1 2 3 http://www.moneycontrol.com/financials/indianhotelscompany/profit-loss/IHC#IHC
  2. 1 2 3 http://www.tajhotels.com/corporate/resources/pdf/about_us/investor_relations/financial_reports/annual_reports/TAJ%20AR%202013-14%20For%20Web.pdf
  3. ↑ Home. Taj Hotels. Retrieved 14 November 2012. " 2012 The Indian Hotels Company Limited All rights reserved."
  4. ↑ "Company Introduction." Taj Hotels. Retrieved 14 November 2012.
  5. 1 2 "Taj Hotels Resorts & Palaces: Private Company Information - BusinessWeek". Bloomberg BusinessWeek. Retrieved 15 September 2010.
  6. ↑ "Contact Information" (select "Corporate Office"). Taj Hotels. Retrieved 14 November 2012. "Taj Hotels Resorts and Palaces Oxford House 15/17 N.F. Road Apollo Bunder Mumbai 400,001 India"
  7. 1 2 "The Indian Hotels Company (IHCL)". tata.co.in. Tata group. Retrieved 6 September 2014.
  8. ↑ 21 Jun 2010, 12.35AM IST,ET Bureau (21 June 2010). "Crowne Plaza, Dow Corning & Taj Hotels Resorts and Palaces - The Economic Times". The Economic Times. Retrieved 15 September 2010.
  9. ↑ "Taj Bengal | UZER". myuzer.xyz. Retrieved 2016-10-20.
  10. ↑ "From Parsee priests to profits: say hello to Tata - Asia, World". The Independent. 1 February 2007. Retrieved 15 September 2010.
  11. ↑ http://www.hotelassociationofindia.com/HJ_Oct-Dec_09-Final.pdf
  12. ↑ http://www.tajhotels.com/About-Taj/Company-Information/History-Of-Taj.html
  13. ↑ "Hotel List". lhw.com. Leading Hotels of The World. Retrieved 6 September 2014.
  14. ↑ "Top 100 Hotels & Resorts in the World". cntraveler.com. 15 October 2013. Retrieved 8 September 2014.
  15. ↑ "100 Best Hotels & Resorts". internationaltravellermag.com. 7 December 2013. Retrieved 8 September 2014.
  16. ↑ "GOLD STANDARD HOTELS 2014". cntraveller.com. Retrieved 8 September 2014.
Wikimedia Commons has media related to Taj Hotels Resorts and Palaces.
This article is issued from Wikipedia - version of the 12/1/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.