Indian Luxury Hotel Sector (The) - February 2012
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This report provides an overview of the current state of the Indian luxury hotel sector and offers some insights into its future development. In contrast to many developing countries (for example China), India has a long tradition of luxury hotel-keeping, stretching back over a century, to 1902, when one of the country’s leading chains – Taj Group – was founded. Currently, there are five Indian hotel groups, namely: ITC Hotels; the LaLiT Suri Hospitality Group; Leela Group; Oberoi Hotels and Resorts; and Taj Hotels, Resorts & Palaces, all actively competing in the luxury segment, as well as some prominent independent properties. Several of the major international luxury brands, such as Kempinski, Starwood’s Luxury Collection and Le Méridien flags, Four Seasons, InterContinental, Hyatt and JW Marriott, have also entered the Indian market – frequently in partnership with local hotel groups.
Some key findings from the report include:
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