India's Luxury and Branded Hotel Sectors Project Strong Growth Through 2030

India's luxury and branded hotel sectors are poised for significant growth driven by limited luxury room supply, rising affluent demand, and extensive infrastructure development. Leela Palaces Hotels Resorts plans to expand from 23 to at least 35 hotels by fiscal 2027, expecting revenue and earnings growth fueled by increased travel and spending among wealthy consumers. Meanwhile, branded hotels are projected to grow at a 13.4% CAGR to $45.4 billion by 2030, with tier-2 and tier-3 markets offering substantial untapped potential amid ongoing infrastructure projects.