Tag Archives: Puneet Chhatwal

Federation of Associations in Tourism and Hospitality (FAITH) is set to hold the National Tourism Conclave on 4 – 5 June in New Delhi. Puneet Chhatwal, Chairman, FAITH, said, “The two-day conclave will discuss the tourism roadmap for 2030, which will serve as the building block for a $3 trillion tourism economy by 2047, aligned to the vision of Viksit Bharat, as envisaged by the Prime Minister of India.”

Federation of Associations in Tourism and Hospitality (FAITH) is set to hold its National Tourism Conclave ‘Tourism 2030 – India on Mission Mode.’ Bringing together industry and government to define the roadmap for the sector to become a USD 3 trillion tourism economy by 2047, contributing 10 per cent to India’s GDP. Puneet Chhatwal, Chairman, FAITH, said “India will continue to be among the fastest growing major economies on its path to becoming the world’s third largest global economy. This coupled with limited supply addition in the country’s top ten lodging markets, foreign tourist arrivals set to exceed pre-covid levels, and the permanent shift in consumer behaviour with travel becoming a non-discretionary spend will continue the demand buoyancy in the tourism sector.” He added, “The National Tourism Conclave will focus on enabling a transformation in the policy framework and facilitate the creation of a favourable investment environment to unlock India’s tourism potential. This roadmap to 2030 will serve as the building block for USD 3 trillion tourism economy in 2047, aligned to the vision of Viksit Bharat, as envisaged by the Prime Minister of India, Narendra Modi.” The conclave will feature a series of panel discussions and interactive sessions focused on enhancing India’s global positioning by deliberating on issues such as Development of a Holistic Travel Eco-Systems, World Class Infrastructure & Connectivity, Sustainability & Inclusivity in Tourism, Preserving Culture & Heritage, Promotion of Destinations and Leveraging India’s Demographic Dividend – Building the Talent Pool. According to Ajeet Bajaj, Vice Chairman, FAITH, “The conclave will witness participation of senior leaders from both the Government and the Travel & Tourism industry.  The recommendations emerging from the conclave will be presented to the …

In a strategic partnership, IHCL joined hands with The Claridges Hotel New Delhi to unveil ‘Claridges Collection,’ which will also include the historic Connemera, Chennai and Blue Diamond, Pune. Claridges Collection is set to build its portfolio across the metro cities with a vision to reach over 20 hotels by 2030. “Currently, IHCL has 375 hotels in its portfolio, with 242 operational and 153 in the pipeline. It is also close to completing 25 new hotels this year.” said Puneet Chhatwal, CEO, IHCL.

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.