Luxury Hotel Chains Expand Branded Residences in India

Branded residences in India are gaining popularity with luxury hotel chains expanding their market presence. Wyndham Hotels & Resorts, Radisson Hotel Group, and Italian luxury brands are investing in the sector. The global branded residences market is valued at $60 billion, with Asia accounting for 42%, and India having an 8% share of Asia's market. The Indian market is projected to grow by 60% over the next five years, driven by high-net-worth individuals and non-resident Indians.

Branded residences in India are increasingly gaining traction, with luxury hotel chains expanding their presence in the sector. According to the Indian market, the branded residences market is projected to grow by 60% over the next five years, driven by high-net-worth individuals and non-resident Indians [1]. This growth is part of a larger trend in Asia, where the market is valued at $60 billion, with India holding an 8% share of Asia's market [2].

Key players in the Indian market include Wyndham Hotels & Resorts, Radisson Hotel Group, and Italian luxury brands. These companies are investing in the sector to capitalize on the growing demand for high-end residential properties. For instance, Wyndham Hotels & Resorts has been actively expanding its portfolio in India, focusing on both urban and leisure destinations [3].

Oberoi Group, a prominent luxury hotel chain, is also venturing into branded residences. At its 75th Annual General Meeting, the company announced four new hotel projects, including two luxury hotels under the Oberoi brand in Gir and Hyderabad, and two hotels under the Trident brand near Nandi Hills and Fort Aguada [4]. These expansions highlight the increasing interest in branded residences as a lucrative investment opportunity.

The growth of the branded residences market in India is supported by several factors. Firstly, the rising disposable income of high-net-worth individuals and non-resident Indians is driving demand for luxury living spaces. Secondly, the increasing awareness of the benefits of owning branded residences, such as high-quality amenities and services, is encouraging more people to invest in these properties. Lastly, the strategic expansion of hotel chains into new markets and the integration of online platforms with offline retail stores are also contributing to the growth of the market.

In conclusion, the branded residences market in India is poised for significant growth in the coming years. With luxury hotel chains expanding their market presence and high-net-worth individuals driving demand, the market is set to become a key player in the global branded residences sector. As investors and financial professionals, it is essential to stay informed about this growing market and its potential opportunities.

References:
[1] https://economictimes.indiatimes.com/industry/services/retail/decathlon-india-eyes-nearly-1-bn-sales-in-next-5-years-with-double-digit-growth/articleshow/123071889.cms
[2] https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/oberoi-group-announces-four-new-properties-across-india-including-2-trident-hotels/articleshow/123138869.cms