India Luxury Hotel Market Expected to Hit a Valuation of USD 5.73 Billion During 2024-2032
Luxury Hotel Market in India 2024: How Big is the India Luxury Hotel Industry? The India luxury hotel market is booming, driven by economic growth and rising demand for high-end hospitality, offering premium experiences across the country. According to the latest report by IMARC Group, the market reached USD 2.5 Billion in 2023 . Looking forward, IMARC Group expects the market to reach USD 5.73 Billion by 2032 , exhibiting a growth rate (CAGR) of 9.60% during 2024-2032 . Report Attribute Key Statistics Base Year 2023 Forecast Years 2024-2032 Historical Years 2018-2023 Market Size in 2023 US$ 2.5 Billion Market Forecast in 2032 US$ 5.73 Billion Market Growth Rate 2024-2032 9.60% India Luxury Hotel Market Trends and Drivers: The escalating economic growth as well as the growing disposable incomes of its affluent population are the factors responsible for the growth of the India luxury hotel market. Additionally, luxury hotels are expanding their presence across major cit...