Luxury Hotels (5-star plus) in
Country Report
Executive Summary
Feb 2018PROSPECTS
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
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?
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