India Luxury Travel Market to Reach USD 102.8 Billion by 2033 | 3.90% CAGR | Get Free Sample Report

According to IMARC Group's report titled "India Luxury Travel Market Size, Share, Trends and Forecast by Type of Tour, Age Group, Type of Traveller, and Region, 2025-2033" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

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India Luxury Travel Market Overview

The India luxury travel market size reached USD 72.9 Billion in 2024 and is projected to reach USD 102.8 Billion by 2033, exhibiting a CAGR of 3.90% during the 2025-2033 forecast period. The market growth is driven by rising disposable incomes, a growing affluent middle class, increasing demand for personalized experiences, improved air connectivity, and expansion of premium hospitality infrastructure.

India Luxury Travel Market Key Takeaways

• Current Market Size: USD 72.9 Billion (2024)
• CAGR: 3.90% (2025-2033)
• Forecast Period: 2025-2033
• The market growth is attributed to rising disposable incomes and a growing affluent middle class.
• Increasing demand for personalized experiences and wellness tourism is prominent.
• Government initiatives like Swadesh Darshan and UDAN schemes support luxury travel growth.
• Expansion of high-end hotels, resorts, and improved air connectivity bolster market momentum.
• Younger affluent travelers prefer curated, exclusive, and wellness-focused journeys.

India Luxury Travel Market Growth Factors

In brief, the India luxury travel market is growing with more consumers demanding personalized, meaningful and quality-oriented experiences. Today, the luxury travel market in India is not restricted to luxury hotels. It includes a curated travel itinerary, private transportation, exclusive access experiences and other tailor-made hospitality services. Furthermore, luxury travel in India includes heritage tourism, wellness tourism, wildlife safari, spiritual tourism and luxury adventure tourism. This unique feature of luxury tourism in India has created a diverse consumer base, which includes domestic Indian consumers as well as foreign consumers who seek unique experiences when visiting India. Enabling factors such as international connectivity of air lifts and hotels, leisure and business infrastructure plus the development of international destinations ease geographic diversification of luxury travel products. International hotel groups and premium tour operators help drive quality and credibility. Demand regarding more personalized travel services that are private, comfortable and exclusive is growing.

Additionally, in recent years local destination specialists and international luxury travel agents are collaborating together with each other to expand their portfolio and reach new markets. Luxury travel includes services such as concierge, event planning, private dining and culinary experiences. The sustainable experiences segment which covers luxury travel with responsible tourism is being increasingly considered as a growth driver in the luxury travel market. Furthermore, using digital and travel management tools to easily plan and execute complex itineraries is also expected to benefit the India luxury travel market. Cultural diversity, with an ecosystem of premium services, and a growing focus on experiences are contributing to the growth of the market. Such scope will continue to grow the market in the long term since innovation and an increasing global demand help luxury travel experiences in India.

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India Luxury Travel Market Trends

Basically, the India luxury travel market is being driven by personalization, exclusivity and experiences. As a result, travelers are now gradually moving away from luxury travel packages to packages based on individual interests and cultures. The luxury traveler seeks holistic and mindfulness and rejuvenation travel destinations to destress and rejuvenate them which is an important trend focused on wellness tourism. Another trend unfolds as slow travel, where travelers experience the culture and heritage of a locale by spending more time in a destination. Private and small-group travel experiences gained popularity. Customers want privacy, flexibility, and safety. Technology also plays a larger role in the luxury travel industry. Digital concierge services, virtual previews, and smooth booking systems are becoming widely adopted by luxury travelers. Experiential luxury has taken over material-based luxury among travelers increasingly seeking interactions with chefs, artisans, and engaging in private cultural performances.

Alongside this, sustainability and ethical tourism moved to guide traveler preferences and the luxury segment adopted environmentally friendly approaches for comfort. The combination of luxe and authentic, where travelers are looking for an experience that is both high-end and connects them to the destination and its people, and intergenerational and multigenerational travel will no doubt shape itineraries and cause suppliers to create diverse yet cohesive experiences. In Addition, luxury hospitality brands are partnering with experience specialists to craft travel stories and experiences. Experiential gifting and celebratory travel are also fuelling demand within the one-off luxury experience industry. Thus, we see a shift towards immersion, experiences with a purpose which makes the India luxury travel market a progressive and advanced segment among its international counterparts.

India Luxury Travel Market Segmentation

Type of Tour Insights:

• Customized and Private Vacation: Tailored luxury vacations with personalized itineraries and exclusive arrangements.
• Adventure and Safari: Luxury travel focused on adventure excursions and wildlife safaris.
• Cruise and Ship Expedition: Premium cruise experiences on ships exploring diverse water routes.
• Small Group Journey: Exclusive travel packages designed for small groups seeking intimate experiences.
• Celebration and Special Event: Luxury travel catering to special events and celebratory occasions.
• Culinary Travel and Shopping: High-end gastronomic tours and luxury shopping experiences.

Age Group Insights:

• Millennial (21-30): Younger affluent travelers seeking unique and immersive luxury travel experiences.
• Generation X (31-40): Middle-aged affluent travelers focusing on comfort and cultural richness.
• Baby Boomers (41-60): Mature travelers valuing exclusivity and premium services.
• Silver Hair (60 and Above): Senior travelers looking for comfort, wellness, and tailored experiences.

Type of Traveller Insights:

• Absolute Luxury: Travelers demanding the highest level of exclusivity and opulence.
• Aspiring Luxury: Consumers seeking entry-level luxury experiences with quality and exclusivity.
• Accessible Luxury: Travelers opting for luxury with affordability and accessible premium services.

Regional Insights

• North India
• West and Central India
• South India
• East and Northeast India

The market is predominantly led by North India due to its diverse cultural offerings and heritage sites. The overall market exhibits a CAGR of 3.90% during the forecast period, supported by infrastructural development and tourism promotion across all regions.

India Luxury Travel Market Key Players

The report offers an in-depth examination of the competitive landscape, including market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

India Luxury Travel Market Recent Developments & News

• In July 2025, Miros Hotels & Resorts launched its first luxury property in Central Goa featuring wellness, cultural immersion, and plant-based dining, emphasizing sustainability.
• July 2025 saw Travelogy India Pvt. Ltd. launch a luxury train booking portal enhancing premium rail travel with real-time availability and secure payments.
• Viking announced plans in July 2025 for the Viking Brahmaputra, a river cruise launching in late 2027 on the Brahmaputra River, combining river and land tours covering up to 10 UNESCO World Heritage Sites.
• In April 2025, THRS expanded strategically into Japan and Azerbaijan, aiming to deliver premium outbound luxury travel for Indian clients through curated immersive experiences.

India Luxury Travel Market Key Highlights of the Report

• Comprehensive quantitative and qualitative analyses of the India luxury travel market 2019-2033.
• Insights on market drivers, challenges, and opportunities influencing growth.
• Porter's five forces analysis to evaluate competitive intensity and market attractiveness.
• Detailed segmentation by type of tour, age group, type of traveller, and region.
• Competitive landscape with key player profiles and market positioning strategies.
• Forecasts with growth projections and industry trends till 2033.

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