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News on Medial
Hilton to go big on luxury expansions in India, eyes 10-fold growth in a decade
Business Today
·
3m ago
Medial
Hilton plans to expand significantly in India, doubling its brand footprint within five years and launching its first LXR Hotels & Resorts in Bengaluru by 2026. The company aims for a tenfold increase in Indian hotels over the next decade. Recognizing India as a critical market, Hilton will strategically expand its portfolio across luxury and economy segments. Upcoming projects include the Curio Collection and Signia by Hilton, indicating a focus on luxury growth.
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Prada to Miu Miu, uber-luxury eyes an India home
Livemint
·
1m ago
Medial
Nearly a dozen global luxury brands, including Prada, Miu Miu, Max Mara, and Bang & Olufsen, are entering or expanding in India, highlighting a growing recognition of the country's high-end retail market potential. India is rapidly emerging as a key market for luxury goods, attracting major international brands across fashion, technology, and fragrance sectors. This growth signals a significant shift in global luxury retail dynamics, with India becoming a major frontier for expansion.
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Wyndham partners with Cygnett to introduce La Quinta and Registry Collection Hotels in India
Economic Times
·
28d ago
Medial
Wyndham Hotels & Resorts has partnered with Cygnett Hotels & Resorts to introduce its La Quinta and Registry Collection brands in South Asia. This strategic alliance will add over 60 hotels in India, Bangladesh, Sri Lanka, and Nepal over the next decade. The La Quinta brand will feature more than 50 properties, offering modern amenities and value, while Registry Collection Hotels, co-branded with Cygnett's luxury line Anamore, will establish 10 luxury accommodations.
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The hottest hotel for elites at the World Economic Forum costs around $120 a night in the states
Business Insider
·
1y ago
Medial
Elite executives attending the World Economic Forum in Davos, Switzerland, opted for a budget-friendly option at the Hilton Garden Inn, which offers accessible luxury compared to high-end hotels like Ritz-Carlton or Four Seasons. Despite having 751 locations at an average cost of $120 per night, the Hilton Garden Inn became a popular choice among high-powered attendees such as Ray Dalio and Jared Kushner. The hotel chain provided an alternative to the limited and more expensive luxurious accommodations in Davos during the event.
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FTA will help reduce luxury watch taxes: Panerai CEO Pontroué
Livemint
·
10m ago
Medial
- Panerai sees India as a promising market for luxury timepieces, aiming to make it to its top 10 or even top five countries by 2030. - The recent India-European Free Trade Association agreement, signed in 2024, aims to reduce taxes on luxury Swiss watches in India over the next eight years. - Panerai has experienced double-digit growth in India and plans to open a fourth boutique in Bengaluru by October 2024. - Panerai's approach diverges from market trends, focusing on larger dial watches and not following the digital or quartz watch trend. - The company sees digital watches as a complementary market that could convert some users to luxury timepieces in the future. - While India is not yet among Panerai's top 10 markets, the brand is optimistic about India's potential, especially as China's luxury market experiences a downturn.
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With 5x growth in FY23 revenue, Matrix-backed FarMart eyes inorganic growth
Money Control
·
1y ago
Medial
Agritech startup FarMart, backed by Matrix Partners India, achieved significant growth, with five-fold revenue increase in FY23 compared to FY22, reaching Rs 1,060 crore in revenue. The company shifted from unsuccessful models to a successful SaaS-led B2B food supply platform, catering to over 15 states and 2,700 buyers across multiple countries.
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Hotels are having the best of both worlds: higher prices, more guests.
Livemint
·
10m ago
Medial
- Hotel room rates in India increased by as much as 70% in the last two years - Luxury hotels raised their average nightly rates by over 20% in 2023-24 - The number of hotels charging ₹7,500 or more per night nearly doubled in India - In FY24, hotels across India registered the highest occupancy rate in over a decade at 67.5% - India's branded hotel room supply is still significantly smaller compared to countries like the US and China - Big city hotels are the main drivers of the surge in pricing, with hotels charging ₹7,500 or more per night increasing from 156 to 229 in just a year
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Luxury car sales enter the slow lane in H1
Economic Times
·
28d ago
Medial
Luxury car sales in India experienced slow growth in the first half of 2025 due to market volatility and geopolitical issues, with only a 1.8% increase over the previous year. Mercedes-Benz reported low growth, while Audi sales fell by 14% amid economic challenges. However, BMW saw a 10% rise in sales, fuelled by strategic planning. Despite fluctuations, the luxury segment is projected for moderate growth in 2025, owing to India’s expanding ultra-high-net-worth population.
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Hospitality growth story in India to remain strong: Marriott's Rajeev Menon
Livemint
·
1y ago
Medial
Despite concerns of a global economic slowdown, the hospitality sector in India, particularly in the luxury and premium segments, is expected to experience a decade-long boom. Marriott International, for example, saw strong growth and added about 4,800 rooms to its development pipeline in 2023. While price increases in 2023 may have caused some discontent among customers, increased competition and infrastructure development are expected to bring some relief. There is optimism for continued growth in the industry due to India's strong domestic growth and the increasing aspiration for travel.
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India’s time has come: Inside the rise of the luxury watch market
Livemint
·
1m ago
Medial
In the first five months of 2025, exports of Swiss watches to India increased by over 10% as the country emerged as a significant player in the global luxury watch market. Driven by aspirational buyers and evolving tastes, these exports reached 104.3 million Swiss francs, up from 94.2 million francs the previous year. The trend reflects India's growing appetite for luxury timepieces, marking continued growth after a strong performance in 2024.
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Equities may outperform gold in next 3 years due to favourable economic conditions: Report
Business Today
·
4m ago
Medial
An Edelweiss Mutual Fund report suggests equities may outperform gold over the next three years due to favorable economic conditions. Economic growth and rising corporate earnings are expected to make equities more attractive. Historically, gold has only outperformed equities in 36% of cases over a decade. The report recommends a strategic shift toward equities, driven by economic recovery prospects, potentially offering higher returns during expansions, prompting investors to reassess portfolio allocations.
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