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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels (5-Star Plus) in India

15 pages, Feb 2018

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!

PROSPECTS

Luxury hotels close to airports and tourist destinations enjoy strong popularity

While luxury hotels have been around in India for quite some time, most are located quite far from international airports. However, the review period saw the building of a number of luxury hotels just minutes away from international airports and popular tourist destinations, thus offering maximum convenience and comfort to wealthy tourists visiting the country either for pleasure or business.

Luxury hotels benefit from rich local and international travel culture

Luxury hotels from around the country and not only those located in cities have also benefitted from the increasing prominence of travel culture among local and international guests. Few of the most visited areas away from urban areas include places such as Agra, Jaipur and Goa.

Growing interest among local consumers

Local consumers are also showing more interest in spending time relaxing in luxury hotels and resorts than travelling. The term “staycation” (a vacation while staying at home or in a nearby hotel) is increasingly prominent among middle and high income consumers, highlighting growing interest in luxurious relaxation for busy individuals.

COMPETITIVE LANDSCAPE

ITC remains leading player

Sales continue to be dominated by ITC, which offers a range of luxury hotels such as Fortune Hotels, WelcomHeritage and The Luxury Collection.

Targeting of wide range of consumers and events

ITC’s luxury hotel offerings are priced and positioned for varying types of consumers, occasions and events, with the company consequently enjoying an extensive consumer base.

Focus on quality service continues to attract consumers

The company has been able to firmly establish itself within luxury hotels, mainly due to the quality of its service, as well as the prime locations and destinations in which it operates. ITC has a strong reputation among both domestic and foreign consumers and has thus been able to capture a significant portion of sales over the review period.

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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.

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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 Luxury Hotels (5-star plus) 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 Luxury Hotels (5-star plus) industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in India market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
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 Luxury Hotels (5-star plus) in India?
What are the major brands in India?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

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

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels (5-Star Plus) in India - Category analysis

HEADLINES

PROSPECTS

Luxury hotels close to airports and tourist destinations enjoy strong popularity

Luxury hotels benefit from rich local and international travel culture

Growing interest among local consumers

COMPETITIVE LANDSCAPE

ITC remains leading player

Targeting of wide range of consumers and events

Focus on quality service continues to attract consumers

CATEGORY DATA

Table 1 Sales in Luxury Hotels (5-star plus): Value 2012-2017
Table 2 Sales in Luxury Hotels (5-star plus): % Value Growth 2012-2017
Table 3 Sales in Luxury Hotels (5-star plus) by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares of Luxury Hotels (5-star plus): % Value 2012-2016
Table 5 LBN Brand Shares of Luxury Hotels (5-star plus): % Value 2013-2016
Table 6 Forecast Sales in Luxury Hotels (5-star plus): Value 2017-2022
Table 7 Forecast Sales in Luxury Hotels (5-star plus): % Value Growth 2017-2022

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues to register good growth in India

Growth driven by rise in number of consumers interested in luxury brands

Luxury car manufacturers dominate luxury goods value sales

Store-based retailing remains dominant channel for luxury goods

Demand for luxury goods expected to remain strong

MARKET INDICATOR

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Hotels (5-Star Plus) in India

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Executive Summary

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PROSPECTS

Luxury hotels close to airports and tourist destinations enjoy strong popularity

Luxury hotels benefit from rich local and international travel culture

Growing interest among local consumers

COMPETITIVE LANDSCAPE

ITC remains leading player

Targeting of wide range of consumers and events

Focus on quality service continues to attract consumers

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels (5-Star Plus) in India - Category analysis

HEADLINES

PROSPECTS

Luxury hotels close to airports and tourist destinations enjoy strong popularity

Luxury hotels benefit from rich local and international travel culture

Growing interest among local consumers

COMPETITIVE LANDSCAPE

ITC remains leading player

Targeting of wide range of consumers and events

Focus on quality service continues to attract consumers

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues to register good growth in India

Growth driven by rise in number of consumers interested in luxury brands

Luxury car manufacturers dominate luxury goods value sales

Store-based retailing remains dominant channel for luxury goods

Demand for luxury goods expected to remain strong

MARKET INDICATOR

MARKET DATA

SOURCES

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