India’s travel boom enters the departure lounge

Indian Hotels , owner of the luxury Taj brand, is emerging as a flag bearer of the South Asian country’s tourism boom. The $12 billion company on Monday unveiled a fifth hotel under development in Mumbai. Overall it plans to more than double its footprint of properties to over 700 by 2030, and at least 10% of the additions will be overseas. But as domestic room tariffs hit the roof, Indians are increasingly eyeing overseas destinations.