Press release
India Luxury Travel Market Valuation to Reach USD 102.8 Billion by 2033 - Expanding at a CAGR of 3.90%
India Luxury Travel Market 2025-2033
How Big is the India Luxury Travel Market?
The India luxury travel market size valued at USD 72.9 Billion in 2024 and is projected to reach USD 102.8 Billion by 2033, growing at a CAGR of 3.90% during the forecast period from 2025 to 2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 72.9 Billion
Market Size in 2033: USD 102.8 Billion
Market Growth Rate (CAGR) 2025-2033: 3.90%
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India Luxury Travel Market Trends and Drivers:
India luxury travel market is experiencing consistent growth on account of increasing disposable incomes, a larger upper-middle-class population, and heightened experiential travel aspirations among high-end consumers. Essentially, travelers today look for more than simply premium stays-they are craving immersive, bespoke experiences that provide comfort, exclusivity, and cultural authenticity.
Luxury resorts, tailor-made travel experiences, and specialized wellness retreats are picking up as consumers value quality and novelty over conventional tourism. In addition, the rise of millennial and Gen Z travelers with a penchant for luxury and technology-based services is altering the market terrain. They are not only ready to pay more for luxurious vacations but are also looking for sustainable and socially responsible holidays, driving the market towards sustainable luxury products.
Furthermore, rapid infrastructure development, enhanced air connectivity, and growth in luxury hotel chains in tier-2 and tier-1 cities are driving the market. Luxury train travel, private flying services, and heritage tourism are also drawing both local and foreign travelers in pursuit of sophisticated and culturally deep experiences. In addition, the increasing power of digital platforms and social media has heightened the appeal for distinctive travel narratives and pictorially appealing places, which prompts tour operating companies to innovate and increase service customization.
Essentially, tourism and heritage conservation efforts of the government are contributing immensely towards making India a luxury vacationer's destination of choice. With wellness and rejuvenation on the rise, places famous for Ayurveda, yoga retreats, and holistic healing are emerging as top preferences of luxury hunters. Such this dynamic change in the consumer preferences along with changing industry strategies is likely to fuel the future growth of India's luxury travel market.
India Luxury Travel Market Report And Segmentation:
The report has segmented the market into the following categories:
Type of Tour Insights:
• Customized and Private Vacation
• Adventure and Safari
• Cruise and Ship Expedition
• Small Group Journey
• Celebration and Special Event
• Culinary Travel and Shopping
Age Group Insights:
• Millennial (21-30)
• Generation X (31-40)
• Baby Boomers (41-60)
• Silver Hair (60 and Above)
Type of Traveller Insights:
• Absolute Luxury
• Aspiring Luxury
• Accessible Luxury
Regional Insights:
• North India
• West and Central India
• South India
• East and Northeast India
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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India Powersports Market Report: https://www.imarcgroup.com/india-powersports-market/requestsample
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IMARC Group
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About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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