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Country Report

Experiential Luxury in

Experiential Luxury in India

Feb 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Lockdown and outlet closures lead to dramatic decline

Experiential luxury has seen a dramatic current value decline in 2020, after several years of solid growth. With India under complete nationwide lockdown due to COVID-19 from 25 March 2020 until the end of May, and continued regional restrictions thereafter, players in experiential luxury have been finding it difficult to operate.

Companies have to adapt to survive

One of the most negative impacts has come from the lack of weddings. A lot of business for experiential luxury comes from weddings.

Indian Hotels maintains its lead in 2019, but is being hit by COVID-19

Indian Hotels remained the largest player in luxury hotels in 2019, and therefore also within experiential luxury in India, due to the lack of availability of luxury foodservice in the country. The company operates the famous Taj brand of hotels, which is known for its service in the luxury hotels segment.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

SAMPLES

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Experiential Luxury industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Experiential Luxury industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Experiential Luxury in India market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Experiential Luxury in India?
What are the major brands in India?
How dynamic is the growth of Experiential Luxury internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

Luxury Goods market research database.

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Experiential Luxury in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Lockdown and outlet closures lead to dramatic decline

Companies have to adapt to survive

Indian Hotels maintains its lead in 2019, but is being hit by COVID-19

RECOVERY AND OPPORTUNITIES

Recovery likely to take some time due to consumer caution

Players in luxury hotels will need to communicate to survive

Sustainability gains even more importance due to COVID-19

CATEGORY DATA

Table 1 Sales of Experiential Luxury by Category: Value 2015-2020
Table 2 Sales of Experiential Luxury by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Experiential Luxury: % Value 2015-2019
Table 4 LBN Brand Shares of Experiential Luxury: % Value 2016-2019
Table 5 Forecast Sales of Experiential Luxury by Category: Value 2020-2025
Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2020-2025

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2015-2020
Table 9 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 11 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 12 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 14 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Experiential Luxury in India

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Lockdown and outlet closures lead to dramatic decline

Companies have to adapt to survive

Indian Hotels maintains its lead in 2019, but is being hit by COVID-19

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Experiential Luxury in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Lockdown and outlet closures lead to dramatic decline

Companies have to adapt to survive

Indian Hotels maintains its lead in 2019, but is being hit by COVID-19

RECOVERY AND OPPORTUNITIES

Recovery likely to take some time due to consumer caution

Players in luxury hotels will need to communicate to survive

Sustainability gains even more importance due to COVID-19

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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