Rising Disposable Income Fuels High Demand for Luxury Travel, Retreats in India

Renting vacation homes has long been a cherished choice for those seeking a retreat from the hustle and bustle of daily life. Whether it's a holiday home, a retirement haven, or a second abode nestled in serene and less crowded locales, the allure of such properties has always been undeniable. However, in the wake of the global pandemic, the desire for these lifestyle tranquil escapes has soared to unprecedented heights.

Amidst the burgeoning popularity of opulent vacation abodes, numerous real estate visionaries are seizing the opportunity to delve into this surging market, presenting an idyllic escape for those yearning for a cherished retreat. Amid this rising trend, Raheja Luxury presents the epitome of lifestyle luxury vacation homes with their iconic project, Amoha Luxury Serviced Holiday Homes, at Dharamshala in Himachal Pradesh. This marks a significant milestone as the premier hotel-serviced accommodations, promising a seamless blend of lavish living and impeccable hospitality.

Surge in Demand for Vacation Homes

In the last few years, a seismic shift in the real estate landscape has occurred, particularly in the holiday home sector. The concept of owning a luxury vacation home underwent a remarkable transformation, driven by factors such as remote working and the desire for safer, more secluded environments.

Recent studies forecast an impressive growth trajectory for India's Retirement and Second Home (RSH) market, with a projected Compound Annual Growth Rate (CAGR) of 23.63 per cent over the next five years. In 2021, the market was valued at USD 1.394 billion and is anticipated to reach USD 4.021 billion by 2026.

Surge in demand for lifestyle vacation sweeps across country

The surge in demand for lifestyle vacation homes has not been confined to a single region; it has swept across the nation. What began in places like Goa soon spread to hill stations such as Kasauli and other lesser-known gems. Today, states like Himachal Pradesh, Uttarakhand, the Nilgiris, and many city suburbs have emerged as sought-after destinations for vacation homes. Amoha Luxury Serviced Holiday Homes offers a wide range of amenities featuring multiple villas, apartments among others with multiple options for sports and adventure enthusiasts in vicinity including world-class cricket stadium, Golf Course, All-Terrain Vehicle rides track, and opportunities for hiking, trekking, and paragliding.

In recent years, there has been a notable increase in the demand for luxury vacation homes in India. This surge reflects a growing trend among consumers who seek exclusive and high-end accommodations for their leisure travel. The rising interest in luxury vacation homes highlights a shift in preferences towards more upscale and personalized experiences within the Indian tourism market.