Luxury hotels court affluent Indians with staycations as overseas travel softens
ITC, Leela, Marriott and Roseate are pushing premium summer staycations to capture affluent Indians redirecting spend from overseas trips amid West Asia disruptions and a weak rupee. Leela posted RevPAR +14% YoY in FY26 with F&B +15%; Q1 2026 industry ARR holds at ₹10,000-10,200 with 67-69% occupancy.
What happened
ITC Hotels · Luxury hotel chains ITC, Leela, Marriott, Roseate are pushing premium staycation packages this summer to capture affluent Indians shifting from
Key facts
- Leela RevPAR +14% YoY FY26
- Leela F&B +15%
- Ritz-Carlton Pune suites ~₹28,000/night
- FTA 20.09M in 2025 (-2.4%)
- Q1 2026 ARR ₹10,000-10,200
- occupancy 67-69%
- RevPAR ₹6,700-7,038
Why this matters
Scout bolt-on acquisitions or management contracts for premium urban and leisure properties before competitors lock up inventory catering to redirected affluent domestic spend.