In a conversation with the Business Standard, Mr Anil Chadha, Divisional Chief Executive, ITC Hotels said that the demerger of the hotels business will allow ITC to strike the balance between management contracts and own properties.

"We have grown at a rapid pace over the past three years and our inventory is up by about 20 percent since 2018-19 from over 10,000 keys to about 12,000 keys today," Mr Chadha said. He also commented on the new company's goals and plans for future expansion.

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