As of 2024, the premium hotel market in India reached close to USD 2.7 billion, with projections to reach USD 6.2 billion by 2033, with a CAGR of 8.83 per cent between 2025 to 2033 according to IMARC Group.
Hilton also announced its first LXR Hotels & Resorts property in India, poised to debut in Bengaluru in 2026, which will triple the company's luxury estate portfolio and plans to open its Waldorf Astoria brand in Jaipur.
In the first half of 2024 alone, overall hotel investments in India reached USD 93 million, according to a report by JLL Research. The report said that owner-operators clocked 30 per cent of the total transaction volumes, followed by HNIs, family offices, and private hotel owners at 26 per cent.
Chris Nassetta, president & CEO, Hilton, said that India is a critical part of Hilton's global growth strategy. As one of the world's largest and most dynamic markets, it represents a major opportunity across brand segments from luxury to premium economy.
Hilton announced more new brand launches in India, such as Conrad Hotels & Resorts and Signia by Hilton, Hilton's approachable luxury brand for Jaipur, and Curio Collection by Hilton to debut in Bengaluru.
On owner economics and investments, Nassetta added, "We will invest where we need to invest and deliver our partners great performance. When I'm back next year or in five and ten years from now, you can hold us to task. It requires hard work, discipline, investment, and ultimately doing the right things by customers to have great stay experiences that translate into great owner economics. The formula is the same anywhere we trade. If you think of best-in-class owner returns, it is a discussion that happens with owners. It doesn't happen with hotel companies, but ultimately the industry. The owners decide who they're going to invest in."