PROSPECTS AND OPPORTUNITIES
Strong growth for inbound arrivals and new hotel openings set to drive experiential luxury’s development
Over the forecast period, experiential luxury in India is poised for robust growth, recording a 20% current value CAGR to reach INR626 billion. This performance will be bolstered by a sustained shift in consumer preferences favouring luxury experiences over tangible products.
Luxury hospitality evolves with wellness and cultural heritage focus
Future developments in experiential luxury are expected to incorporate a blend of wellness, exclusivity, and cultural heritage, reflecting a nuanced response to evolving consumer preferences. Evolving lifestyle aspirations of luxury consumers mean they are increasingly seeking authentic yet comfortable experiences that highlight India’s diverse heritage and natural beauty.
Luxury travel providers adopt eco-friendly practices and technologies
Sustainability is gaining prominence in India, with luxury consumers placing greater emphasis on eco-conscious travel and dining options that align with their values, driving brands to adopt greener practices and transparent sourcing. Therefore, sustainable and responsible travel options are expected to become integral offerings within experiential luxury in India over the forecast period, reflecting a global shift towards eco-conscious tourism.
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Overview:
Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Experiential Luxury in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Experiential Luxury in India?
- Which are the leading brands in Experiential Luxury in India?
- How are products distributed in Experiential Luxury in India?
- How important is tourism in evaluating demand for Experiential Luxury in India?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Experiential Luxury in India - Category analysis
KEY DATA FINDINGS
Affluent consumers drive growth in luxury experiences and hospitality
Luxury hotels drive growth through bespoke wellness and culinary experiences
Consumers increasingly seek bespoke luxury experiences
Strong growth for inbound arrivals and new hotel openings set to drive experiential luxury’s development
Luxury hospitality evolves with wellness and cultural heritage focus
Luxury travel providers adopt eco-friendly practices and technologies
Luxury Goods in India - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Experiential Luxury
- Luxury Foodservice
- Luxury Hotels
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Experiential Luxury research and analysis database.
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