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Dipak Haksar becomes CEO, ITC Hotels

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The ITC Group has elevated chief operating officer of its hotels division, Dipak Haksar, as the CEO of ITC Hotels.

Nakul Anand, executive director of ITC, who was earlier holding additional charge as chief executive will continue to oversee the hotels, travel and tourism businesses as well as the lifestyle retailing business of the conglomerate. Dipak Haksar is the Chief Executive of ITC Hotels/ WelcomHotels, informed a spokesperson.

In another change, ITC Hotels division’s operations vice-president, Ranvir Bhandari, has been elevated as chief operating officer of ITC Hotels/WelcomHotels.

“As in the other businesses of ITC, the executive management of a division is entrusted to the divisional management committee, headed by the divisional chief executive,” the spokesperson said.

ITC Hotels currently has over 100 properties across the country under four brands – ITC Hotels in the luxury segment, WelcomHotel in the upper-upscale segment, Fortune Hotels in the upscale and mid-market space, and WelcomHeritage in the leisure and heritage segment.

“In view of the positive long-term outlook for the Indian Hotel industry coupled with the prospect of sustained growth in both global and domestic economy, ITC’s hotel business remains committed to its investment-led growth strategy,” the spokesperson added.



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