Taj Hotels forays into high-end business globally

by Dave

It’s only a matter of time before they run hotels in Buenos Aires, Sao Paulo and Mexico City.
Business Standard

The Taj Group of Hotels, owned by the Tata Group, is foraying into high-end business and luxury segments globally. “Spas have EBITDA margins as high as 30 per cent, making them highly lucrative,’’ Amol Rao, a hotel analyst at Pioneer Multimedia, said.

Taj has entered business gateways such as New York, Boston and Sydney, whereas Taj Resorts and Spa is concentrating on leisure travel in exotic destinations including Phuket, Doha and Saraya islands of UAE. It is either purchasing the properties on an outright basis, as was the case with the New York and Boston properties, or getting into managing contracts for running the businesses.