Executive Summary

Feb 2019
PROSPECTS
The rise in travel propels growth in luxury hotels

As the Indian economy continues to grow, there is a substantial rise in the number of international travellers visiting the country for business, many of whom prefer to stay in luxury hotels. Also, there are international travellers who continue to visit different cities in the country to experience India’s rich cultural heritage and traditions.

The trend of booking hotels online is rising

Use of the internet to book hotels is seeing growth, because online booking websites provide price comparisons, seasons when prices are the lowest, extra discounts and consumer reviews, giving more freedom to price-conscious Indian consumers. As luxury hotels witnessed a shift towards online bookings, they increased their investment in digital platforms, such as developing mobile applications and offering promotional discounts to attract consumers’ attention.

The location of luxury hotels remains important

The success of any business can largely be attributed to its location. The same applies for the service-driven luxury hotels category.

COMPETITIVE LANDSCAPE
Indian Hotels Co leads luxury hotels

Luxury hotels in India was led by Indian Hotels Co in retail value terms in 2017. The company operates the famous Taj brand of hotels, which is known for its service in the luxury hotels segment.

The opening of new luxury hotels continues to shape the competitive landscape

Luxury hotels has been a niche category in India, allowing the few operators to have access to an ever-growing client base, which is rising as a result of increases in disposable incomes. However, the year 2018 saw several new announcements being made that will make the category more competitive.

Location, location, location

During the forecast period, new luxury hotels are expected to be developed in strategic locations. For example, there was an announcement about the development of a luxury hotel at Pragati Maidan, Delhi, where India’s biggest trade shows and exhibitions are organised.

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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?

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

Luxury Hotels in India - Category analysis

HEADLINES

PROSPECTS

The rise in travel propels growth in luxury hotels
The trend of booking hotels online is rising
The location of luxury hotels remains important

COMPETITIVE LANDSCAPE

Indian Hotels Co leads luxury hotels
The opening of new luxury hotels continues to shape the competitive landscape
Location, location, location

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2013-2018
Table 2 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 6 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Growth slows as luxury goods faces multiple challenges
Affordable luxury products are key to tap into the younger consumer group
Fragmentation is prevalent in the competitive landscape
Store-based retailing maintains its dominance
Luxury goods is expected to continue its positive performance

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources