India Luxury Hotel Market Size and Growth Forecast Expected to Reach USD 51.11 Billion by 2029

The 𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 was worth USD 28.1 Bn. in 2022 and total revenue is expected to grow at a rate of 8.92% CAGR from 2023 to 2029, reaching almost USD 51.11 Bn. in 2029.

𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The Indian luxury hotel market is poised for substantial growth, driven by increasing disposable incomes, a rising standard of living, and a surge in leisure tourism. With a growing preference for high-end leisure experiences and luxury resorts, the market is benefiting from a rise in domestic tourism. The emergence of new hotel chains and investments in infrastructure has further contributed to the industry's growth. However, high investment and development costs present challenges to the market, despite its promising potential.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚: https://www.maximizemarketresearch.com/request-sample/127656/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭:

Key factors propelling the luxury hotel market in India include rising disposable incomes, a growing preference for luxury vacations, and a shift towards premium leisure tourism. The expanding middle class and a booming travel and tourism industry, alongside the desire for unique, high-quality experiences, are encouraging affluent consumers to opt for luxury accommodations. Moreover, the increasing number of sports events and international travelers has contributed to the surge in bookings, especially in high-end hotels and resorts.

𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

One of the prominent trends in the India luxury hotel market is the rise of experiential tourism. With increasing interest in wellness and boutique hotel stays, travelers are seeking unique and personalized experiences, from wellness retreats to eco-friendly resorts. Luxury hotels are also incorporating technology and sustainability into their offerings, ensuring higher levels of comfort and more eco-conscious options. Additionally, there is a notable rise in the demand for domestic luxury travel, especially post-pandemic, with travelers opting for high-end Indian destinations over international ones.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫: https://www.maximizemarketresearch.com/inquiry-before-buying/127656/

𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The India luxury hotel market presents significant opportunities, particularly in the untapped regions beyond traditional tourist destinations like Goa and Rajasthan. Emerging locations such as the Andaman Islands, Lakshadweep, and Northeast India are gaining traction as luxury travel spots, presenting untapped growth prospects. Furthermore, the growing trend of wellness tourism and demand for destination weddings offer avenues for luxury resorts and hotels to capitalize on these niche markets.

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 & 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬: 𝐋𝐚𝐭𝐞𝐬𝐭 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

In recent months, several high-profile mergers and acquisitions (M&A) have occurred across various regions that are reshaping the global luxury hotel market:

𝐕𝐢𝐞𝐭𝐧𝐚𝐦: In a bid to enhance its global footprint, 𝐓𝐡𝐞 𝐕𝐢𝐧𝐆𝐫𝐨𝐮𝐩 has acquired 𝐀𝐜𝐜𝐨𝐫'𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦𝐞𝐬𝐞 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬, signaling a strategic expansion of its luxury offerings.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: 𝐃𝐮𝐬𝐢𝐭 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 has announced the acquisition of several high-end resorts in Thailand, aiming to diversify its portfolio to cater to growing demand for luxury tourism in Southeast Asia.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐓𝐡𝐞 𝐎𝐛𝐞𝐫𝐨𝐢 𝐆𝐫𝐨𝐮𝐩 has entered into a partnership with 𝐌𝐚𝐫𝐫𝐢𝐨𝐭𝐭 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥, marking a significant collaboration to expand its footprint in Singapore's luxury hospitality market.

𝐉𝐚𝐩𝐚𝐧: 𝐇𝐲𝐚𝐭𝐭 𝐇𝐨𝐭𝐞𝐥𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 has entered the Japanese market with its acquisition of 𝐇𝐨𝐭𝐞𝐥 𝐉𝐀𝐋 𝐂𝐢𝐭𝐲 properties, expanding its luxury offerings across the country.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚: 𝐋𝐨𝐭𝐭𝐞 𝐇𝐨𝐭𝐞𝐥 𝐆𝐫𝐨𝐮𝐩 has completed the acquisition of several luxury resorts in Seoul, enhancing its position as a key player in South Korea's competitive hotel market.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬: 𝐀𝐜𝐜𝐨𝐫 has expanded its global presence with the acquisition of boutique hotels in key European cities like Paris and London, adding more luxury options to its portfolio.

𝐔𝐒𝐀: 𝐇𝐢𝐥𝐭𝐨𝐧 𝐖𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞 has acquired several luxury hotels across major US cities, including New York and Los Angeles, as part of its strategy to dominate the luxury segment.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.maximizemarketresearch.com/request-sample/127656/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐛𝐲 𝐓𝐲𝐩𝐞

Business
Airport
Resorts
Others

𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

Chain
Independent

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭: https://www.maximizemarketresearch.com/market-report/india-luxury-hotel-market/127656/

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. OYO
2. Lemon Tree Hotel
3. Treebo
4. Hyatt Hotels Corporation
5. InterContinental Hotel Groups
6. Marriott International
7. Radisson Blue Hotels
8. Shangri La Hotels & Resorts
9. Taj Hotels Resorts & Places
10. The Lalit Hotels
11. The Leela Palace
12. The Oberoi Group
13. The Park Hotels
14. Bharat Hotels Limited
15. Hotel Leela venture Limited

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 :

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♦ Global Wind Turbine Blade Market https://www.maximizemarketresearch.com/market-report/global-wind-turbine-blade-market/33123/

♦ Global Film Capacitor Market https://www.maximizemarketresearch.com/market-report/global-film-capacitor-market/58111/

♦ Low Voltage Disconnect Switches Market https://www.maximizemarketresearch.com/market-report/low-voltage-disconnect-switches-market/189107/

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