Jaipur Hospitality Trends 2024: Market Growth & Luxury Expansion

# Jaipur Hospitality Trends 2024: Market Growth & Luxury Expansion

Jaipur, known as the Pink City, continues to be a prime hospitality market in India, driven by heritage tourism, luxury travel, and wedding destinations. In 2023/24, Jaipur’s hospitality sector saw strong growth, supported by high ADRs, steady occupancy rates, and increasing M.I.C.E. activity. With new hotel developments and sustained demand, Jaipur remains a key tourism hub.

• Jaipur Airport handled over 6.8 million passengers in 2023/24, showing a 22% increase from 5.6 million in 2021/22.
• The rise in domestic and international flights has boosted tourism and corporate travel demand.
• Improved connectivity with major cities enhances Jaipur’s position as a luxury and wedding destination.

• ADR increased to ₹8,150, reflecting Jaipur’s premium positioning in the leisure and heritage market.
• RevPAR showed strong growth, supported by an influx of luxury travelers and M.I.C.E. events.
• Occupancy levels remain steady at 70.5%, driven by both domestic and international demand.

• Jaipur added 750 new rooms in 2023/24, bringing total inventory to 10,200 rooms.
• Heritage hotels and luxury resorts continue to expand, catering to high-end tourists and wedding segments.
• Midscale and budget hotels are also growing to meet rising domestic travel demand.

• Jaipur recorded ₹5,875 RevPAR, ranking among the top-performing heritage cities in India.
• Strong domestic and international travel demand supports revenue growth.

• Total room revenue reached ₹12.6 billion, reflecting steady market performance.
• Luxury travel and wedding segments contribute significantly to revenue growth.

• Jaipur is a top destination for M.I.C.E. and luxury weddings, with rising demand for heritage venues.
• Growth in corporate events and destination weddings has led to higher occupancy in luxury hotels.
• Palace hotels and resorts remain the top choice for high-end wedding ceremonies.

• Luxury hotels account for 40% of Jaipur’s hospitality market, catering to heritage tourism and high-end travelers.
• Midscale and upscale segments make up 45% of the market, addressing the rising demand from domestic tourists.

• Revenue per key stands at ₹22.5 lakh, positioning Jaipur among the top-earning Tier-1 tourism destinations.
• Luxury hotel demand sustains high ADR and revenue per key.

• Hotel supply expected to grow by 18% over the next five years.
• New developments focus on heritage properties and boutique luxury stays.
• Sustained demand from international travelers and weddings will drive future growth.

✅ Heritage and luxury tourism drive steady hotel demand.

✅ Premium ADR and RevPAR levels sustain strong revenue growth.

✅ Total room revenue of ₹12.6 billion highlights Jaipur’s tourism strength.

✅ Expansion in the luxury and boutique hotel segments aligns with market needs.

✅ Growing M.I.C.E. and wedding industry ensures long-term sustainability.

• Strengthen international marketing efforts to attract high-spending tourists.
• Expand premium wedding and M.I.C.E. infrastructure to capture event-driven business.
• Leverage heritage properties for unique luxury experiences.
• Focus on digital visibility and luxury travel branding.