India Luxury Hotel Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 9.60% (2024-2032)

Market Size in 2023: USD 2.5 Billion

Market Size in 2032: USD 5.73 Billion

India's luxury hotel market thrives, driven by tourism growth, rising incomes, and expanding domestic and international travel demand. According to the latest report by IMARC Group, the India luxury hotel market size reached USD 2.5 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach USD 5.73 Billion by ​2032​, exhibiting a growth rate (CAGR) of 9.60% during 2024-2032.

India Luxury Hotel Market Trends and Drivers:

India's luxury hotel market is growing due to increasing demand from both domestic and international guests seeking upscale accommodations. Additionally, the surge in consumer interest, as more travelers look for premium services and unique experiences, is propelling the industry forward. The expansion of the corporate sector is fueling more business travel, driving demand for luxury hotels, particularly in urban areas and commercial centers. Moreover, government initiatives to promote tourism, like the "Incredible India" campaigns and the development of heritage and cultural sites, are attracting more visitors and boosting the luxury hotel market.

The India luxury hotel market is placing a greater focus on personalized experiences and health services. Moreover, hotels are increasingly concentrating on delivering tailored services, such as personalized itineraries and wellness programs that include spa treatments, yoga, and organic food, to meet the expanding expectations of affluent guests. The market is also witnessing a trend towards sustainable and eco-friendly practices, with many luxury hotels adopting green building standards and promoting local culture and products.

Furthermore, the integration of technology, such as smart room controls and AI-driven customer service, is enhancing guest experiences and operational efficiency. Another trend is the spread of luxury hotel chains into tier 2 and tier 3 cities, which is being driven by rising demand for premium accommodations in emerging markets. Moreover, the expanding reputation as a premium tourist destination is likely to propel the India luxury hotel industry forward in the future years.

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India Luxury Hotel Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Business Hotels
  • Airport Hotels
  • Suite Hotels
  • Resorts
  • Others

Breakup by Room Type:

  • Luxury
  • Upper-Upscale
  • Upscale

Breakup by Category:

  • Chain
  • Independent Chain

Breakup by Region:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key Highlights of the Report:



• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• 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 will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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