India's luxury hotel market poised for 8% growth to $62 billion by 2032, led by business and chain hotels

The India luxury hotel market is expected to reach $62.2 billion by 2032, growing at a CAGR of 8.1% from 2023-2032. The market was valued at $29.4 billion in 2022.

By type, business hotels accounted for the largest market share in 2022 and are expected to maintain dominance through 2032.

By category, chain operated hotels held the biggest market share in 2022 and are likely to continue leading.

South India accounted for 45% share of the India luxury hotel market in 2022 and is poised to remain the leader during the forecast period.

Key players in the market include OYO, Lemon Tree Hotel, Treebo, Hyatt Hotels Corporation, InterContinental Hotel Groups, and Marriott International.