Tata group hospitality major Indian Hotels Company (IHCL) said on Thursday that it plans to open 83 new hotels globally to take tally to 200 by the end of 2018.The company, which has 117 operational hotels, said it will mainly follow an asset light and management contract model for its future expansion.“We plan to have 200 hotels by the end of five years globally. As of now we have 117 hotels,” Indian Hotels Company Managing Director & CEO Raymond N Bickson told PTI. He was speaking on the sidelines of the launch of its 100th hotel in India at Gurgaon. The new 208-room hotel is under its upper upscale brand, Vivanta by Taj taking the number of properties under the Vivanta brand to 26.

Source - http://www.thehindubusinessline.com