The Indian Hotels Company Limited on Tuesday unveiled its 'Accelerate 2030 strategy' where it aims to increase its portfolio in the country by 700 hotels. The shares of IHCL were trading in the green after it accounced its future plans at Rs 759, up over 2%. The IHCL's Accelerate 2030 Strategy aims to double consolidated revenue to Rs 15,000 crore, expand portfolio to 700+ hotels, and maintain industry-leading margins."IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. This strong performance, coupled with a robust balance sheet, positions us well to accelerate our growth momentum. Enabling this vision are long term structural tail winds for the sector including India's forecasted GDP growth of over 6.5%, government's continued focus on infrastructure spend, hotel demand outpacing supply and the rising affluence of the consumer base," said Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL. Further talking on future plans, the CEO said "IHCL remains steadfast in its commitment to realise India's tourism potential with its vision of 'Accelerate 2030', of being the most valued, responsible and profitable hospitality eco-system in South Asia. IHCL will expand its brandscape with the launch of new brands, tapping the heterogenous market landscape and taking its portfolio to 700 hotels by 2030." ET had earlier reported that Tata Group backed Indian Hotels Company (IHCL) will be releasing a new ‘strategic matrix’ in the near future that will be more aggressive than the previous ones and accelerate the pace of growth from a high base. The company plans to double its consolidated revenue to Rs 15,000 crore. Management fees are projected to exceed Rs 1,000 crore by 2030. The new business segments are expected to grow at a CAGR of over 30%. Indian Hotels Company (IHCL) posted a consolidated net profit of Rs 583 crore in the September quarter, a more than three-fold rise from Rs 179 crore a year earlier.Revenue at the Tata Group-backed hospitality chain grew 27% to Rs 1,826 crore in the three months ended September.Puneet Chhatwal, IHCL’s MD and CEO said the company will start running The Claridges hotel in New Delhi from April under a hotel operating agreement.For the fiscal first half ended September, profit more than doubled to Rs 843 crore from Rs 415 crore a year earlier. Revenue grew 16% to Rs 3,376 crore.“IHCL has achieved a record signing of 42 hotels resulting in an industry leading portfolio of 350 hotels and met its market guidance of opening two hotels a month with 14 new openings till date,” said Chhatwal. “In addition, IHCL has entered into definitive pacts to acquire majority shareholding in Tree of Life brand holding company, expanding its brandscape with a boutique leisure offering,” he added.