Having launched its first overseas property in Colombo on Thursday, ITC Hotels is on an expansion spree, most of which is domestic. Proximal markets are the first areas of interest to the company owing to unprecedented growth of tourism in the region, said ITC chairman and managing director Sanjiv Puri in an interaction with the press. Edited excerpts:
After Colombo, are you looking at any other international destinations?
It is important to focus on proximal markets, both for hospitality and FMCG
What is your pipeline in the next five years?
We have a very healthy pipeline of 70 hotels in the next five years, all of which are within India