Taj Hotels Resorts and Palaces

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The Indian Hotels Company Limited
Indian Hotels Company Limited
Public
Traded as BSE:  500850
NSE:  INDHOTEL
ISIN INE053A01029
Industry Hospitality
Founded 1903;115 years ago (1903)
Founder Jamsetji Tata
Headquarters Express Towers, Nariman Point, Mumbai, Maharashtra , India
Number of locations
100 Hotels
Key people
Products Hotels and Resorts
Revenue4,065 crore (US$570 million) [1]  (2017)
-63 crore (US$−8.8 million) [1]  (2017)
Number of employees
25,000 (2017)
Parent Tata Group
Website www.tajhotels.com

Taj Hotels is a chain of luxury hotels and a subsidiary of the Indian Hotels Company Limited [2] - headquartered at Express Towers, Nariman Point in Mumbai. [3] Incorporated by the founder of the Tata Group, Jamsetji Tata, in 1903, [4] [5] the company is a part of the Tata Group, one of India's largest business conglomerates. The company employed over 13,000 people in the year 2010. [6] [7]

Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. It is a subsidiary of the Tata Group conglomerate.

Mumbai Megacity in Maharashtra, India

Mumbai is the capital city of the Indian state of Maharashtra. It is the most populous city in India with an estimated city proper population of 12.4 million as of 2011. Along with the neighbouring regions of the Mumbai Metropolitan Region, it is the second most populous metropolitan area in India, with a population of 21.3 million as of 2016. Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It is also the wealthiest city in India, and has the highest number of millionaires and billionaires among all cities in India. Mumbai is home to three UNESCO World Heritage Sites: the Elephanta Caves, Chhatrapati Shivaji Maharaj Terminus, and the city's distinctive ensemble of Victorian and Art Deco buildings.

Tata Group Indian conglomerate

Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamsetji Tata, the company gained international recognition after purchasing several global companies. One of India's largest conglomerates, Tata Group is owned by Tata Sons.

Contents

As of 2018, the company operates a total of 100 hotels and hotel-resorts, with 84 across India and 16 in other countries, including Bhutan, Malaysia, Maldives, Nepal, South Africa, Sri Lanka, UAE, UK, USA and Zambia [5]

History

Jamsetji Nusserwanji Tata (1839 - 1904) JNTata.jpg
Jamsetji Nusserwanji Tata (1839 – 1904)

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. [8] Hotels that 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 disgust over the hotels that 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. [9] The Taj group has since then developed and flourished, under the Tata Group.

Jamsetji Tata Indian industrialist, founder of the Tata Group

Jamsetji Nusserwanji Tata was an Indian pioneer industrialist, who founded the Tata Group, India's biggest conglomerate company. He was born to a Parsi Zoroastrian family in Navsari, then part of the princely state of Baroda.

Arabian Sea A marginal sea of the northern Indian Ocean between the Arabian Peninsula and India

The Arabian Sea is a region of the northern Indian Ocean bounded on the north by Pakistan and Iran, on the west by the Gulf of Aden, Guardafui Channel and the Arabian Peninsula, on the southeast by the Laccadive Sea, on the southwest by the Somali Sea, and on the east by India. Its total area is 3,862,000 km2 (1,491,000 sq mi) and its maximum depth is 4,652 metres (15,262 ft). The Gulf of Aden in the west, connects the Arabian Sea to the Red Sea through the strait of Bab-el-Mandeb, and the Gulf of Oman is in the northwest, connecting it to the Persian Gulf.

Watsons Hotel

Watson's Hotel, now known as the Esplanade Mansion, is India's oldest surviving cast iron building. It is located in the Kala Ghoda area of Mumbai (Bombay). Named after its original owner, John Watson, the building was fabricated in England and constructed on site between 1860 and 1863.

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

Taj Coromandel is a five-star luxury hotel located in Chennai, India. Named after the Coromandel Coast, the HACCP- and ISO 14001-certified hotel was opened in 1974. Owned by Oriental Hotels Limited, an associate of the Taj Group of Hotels, it is classified under the group's luxury hotels section.

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.

Taj Lake Palace is a hotel, which has 83 rooms and suites featuring white marble walls. The Lake Palace is located on the island of Jag Niwas in Lake Pichola, Udaipur, India, and its natural foundation spans 4 acres (16,000 m2). The hotel operates a speed boat which transports guests to the hotel from a jetty at the City Palace.

Udaipur Metropolis in Rajasthan, India

Udaipur, also known as the "City of Lakes", is a city governed by Municipal Corporation which comes under Udaipur Metropolitan Region. It is the historic capital of the kingdom of Mewar in the former Rajputana Agency. It was founded in 1558 by Maharana Udai Singh II of the Sisodia clan of Rajput, when he shifted his capital from the city of Chittorgarh to Udaipur after Chittorgarh was besieged by Akbar. It remained as the capital city till 1818 when it became a British princely state, and thereafter the Mewar province became a part of Rajasthan when India gained independence in 1947.

Rambagh Palace

The Rambagh Palace in Jaipur, Rajasthan is the former residence of the Maharaja of Jaipur and now a hotel, located 5 miles (8.0 km) outside the walls of the city of Jaipur on Bhawani Singh Road.

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 UmaidBhawan Exterior 1.jpg
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.

Yemen Republic in Western Asia

Yemen , officially known as the Republic of Yemen, is a country at the southern end of the Arabian Peninsula in Western Asia. Yemen is the second-largest Arab sovereign state in the peninsula, occupying 527,970 square kilometres. The coastline stretches for about 2,000 kilometres. It is bordered by Saudi Arabia to the north, the Red Sea to the west, the Gulf of Aden and Guardafui Channel to the south, and the Arabian Sea and Oman to the east. Yemen's territory includes more than 200 islands.

Taj Connemara

Taj Connemara, Chennai is a five-star hotel in Chennai, India. It is a heritage hotel in Chennai. Classified under the Taj Group's business hotels section, the hotel is considered the oldest hotel in the city.

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. [10]

Ten hotels of the Taj group are members of the Leading Hotels of the World. [11]

Notable hotels

Two hotels of the Taj group, namely Rambagh Palace in Jaipur and the Taj Mahal Palace & Tower in Mumbai, were ranked in 2013 by Condé Nast Traveler among its "Top 100 Hotels and Resorts in the World". [12] In late 2013, the Indian Traveller magazine ranked Taj Lake Palace in Udaipur and Taj Exotica Resort & Spa in Maldives as numbers 34 and 98, respectively, on its list of "100 Best Hotels & Resorts". [13] Condé Nast Traveler also ranked the Taj Mahal Palace in Mumbai as number 13 on its list of "Gold Standard Hotels" in 2014. [14] In 2005, a famous luxury hotel in New York city, The Pierre was acquired.

Other ventures

See also

Related Research Articles

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References

  1. 1 2 "Indian Hotels Company Profit & Loss account, Indian Hotels Company Financial Statement & Accounts" (PDF). Tag Hotels.
  2. "IHCL to reserve Taj tag only for luxury units - Times of India". The Times of India. Retrieved 2018-08-07.
  3. "Corporate Office". Corporate. Retrieved 2017-05-08.
  4. "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"
  5. 1 2 "The Indian Hotels Company (IHCL)". tata.co.in. Tata group. Retrieved 6 September 2014.
  6. "Taj Hotels Resorts & Palaces: Private Company Information - BusinessWeek". Bloomberg BusinessWeek. Retrieved 15 September 2010.
  7. 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.
  8. "From Parsee priests to profits: say hello to Tata - Asia, World". The Independent. 1 February 2007. Retrieved 15 September 2010.
  9. http://www.hotelassociationofindia.com/HJ_Oct-Dec_09-Final.pdf
  10. "About Us". Corporate.
  11. "Hotel List". lhw.com. Leading Hotels of The World. Retrieved 6 September 2014.
  12. "Top 100 Hotels & Resorts in the World". cntraveler.com. 15 October 2013. Retrieved 8 September 2014.
  13. "100 Best Hotels & Resorts". internationaltravellermag.com. 7 December 2013. Retrieved 8 September 2014.
  14. "GOLD STANDARD HOTELS 2014". cntraveller.com. Retrieved 8 September 2014.