The name of Taj Hotel is counted among the most expensive hotels in the country. Taj Hotel is one of the few luxurious hotels in the country where people can avail various services. Taj Hotel has maintained its legacy for years and needs no introduction. This hotel has recently achieved another big feat.
Indian Hotels Company Limited, the company that operates Tata Hotels, has achieved the feat of touching the market cap of Rs 1 lakh crore. Tata has become the first Indian hospitality company to achieve this feat. Indian Hotels Company Limited is basically a company of Tata Group.
It is worth mentioning that Taj Hotel is counted among the most luxurious hotels of the country, where one has to pay thousands of rupees even for a single meal. The cost of staying in this hotel is in lakhs of rupees. But there was a time when one could stay in Taj Hotel for just six rupees. The rent for staying here for one night was just six rupees. People used to pay this price in the year 1903.
Learn more about The Oberoi Hotel
At the same time, the market cap of Oberoi Hotel has now become Rs 24 thousand crores. In this episode, it has reached the second position. It is worth noting that during the Corona epidemic, a very negative impact was seen on the hotel industry. Due to this, there was a huge decline in the tourism sector and the hotel industry. But now this industry is getting back on track. In this episode, now the market value of Oberoi Hotels has reached around Rs 24 thousand crores.
Whereas India’s largest airline company Indigo achieved a market cap of Rs 1 lakh crore last year. This year, it is believed that Indigo is going to double its market cap soon. It is currently more than Rs 1.9 lakh crore.
