Thailand’s Minor International says it is not looking at Leela anymore as reports surfaced last month that Canada’s Brookfield Asset Management is close to buying a majority of the Indian chain’s hotel assets for $646 million (4,500 crore).
At that price “we won’t be able to look at it, the numbers don’t work for us,” Minor International’s COO and Minor Hotels’ CEO, Dillip Rajakarier, told Skift in a phone interview.
Minor and investment firm Trinity White City Ventures were considering a bid of $350 million for Hotel Leelaventure last November. The consortium was waiting in the wings as Brookfield has the exclusivity and has been exercising due diligence for some six months now.
2. Minor Out of Race for India’s Leela Luxury Hotels as Brookfield Closes In
Volvo Cars India has had a stellar 2018 in India reporting an almost exponential growth of 30% (YoY). In total 2,638 new Volvos made it to Indian roads indicative of the brand’s growing penetration in the Indian market. Thanks to sales growth of this magnitude, as of now Volvo seems to be the fastest growing luxury car brand in India. Although it is fair to note that Jaguar Land Rover, who held the coveted spot as of last year is yet to release their numbers for the period under consideration
3. Expect to nearly treble sales in India in 2019: Lamborghini
Italian super sports car maker Lamborghini expects to nearly treble sales in India in 2019, a year ahead of its previous plans, riding on the back of its new super luxury SUV Urus, a top company official said.
With nine months of the waiting period for Urus for 2019, Automobili Lamborghini India is also confident of becoming the leader in the super luxury car segment of vehicles priced above Rs 2 crore, competing with the likes of Rolls Royce, Bentley apart from other sports car makers, including Ferrari.
4. Upcoming Luxury Hotels in India
Luxury travelers headed to India can look forward to some exciting new hotel openings in 2019 and beyond. Here we take a look at three high-end properties on the horizon for India’s Silicon Valley, Bengaluru; its City of Dreams, Mumbai; and the Pink City of Jaipur.
5. BMW Group India records 13 percent YoY growth in 2018
BMW Group India has announced that it sold 11,105 vehicles (including MINI) in calendar year 2018, registering growth of 13 percent year-on-year.
Of the total sales, BMW models accounted for 10,405 units, up 11 percent year on year (2017: 9,379). BMW said that growth was led by the 5 Series and the 6 Series GT. The German carmaker also saw its locally-assembled SUV range contributing over 50 percent to its overall sales with strong demand for the X3. Presently, BMW’s Chennai plant, which locally assembles the X1, X3 and X5 is expected to begin assembly of the X4 and X7 this year, according to the carmaker.
6. Audi India Sales Drop 18 per cent In 2018
While the luxury car market in India is booming, not all luxury automakers seem to have it easy. While Mercedes-Benz and BMW have had a great run in 2018 in India, their arch-rival Audi has been hit by low sales volumes. Audi India sales dropped a significant 18 per cent in 2018 as compared to the previous year. Audi India’s total sales figures in 2018 stood at 6,463 units as compared to 7,.876 units the year before. This was mainly due to the fact that Audi India has just one major launch in the whole year, the midsize luxury SUV Q5 as compared to the other automakers that brought in updates and refreshes across the board.
While other luxury automakers also had significant introductions in the performance car space, Audi India launched just the one – the RS5 in India in 2018. Other launches from Audi India included the Audi Q3 and Q7 ‘Design Edition’.
7. Mercedes-Benz India Sets Luxury Car Sales Record For 2018
Mercedes-Benz India has been the largest luxury automaker in India for the last few years now and has set a new record for luxury car sales in India at 15,538 units in 2018. The automaker had a fair few launches in 2018, in both the luxury segment with the facelifted Mercedes-Benz C-Class and in the performance segment with the likes of the Mercedes-AMG E63S sedan and the iconic Mercedes-AMG G63 SUV. This is the highest ever sales figure for Mercedes-Benz India and is the second year in succession with sales topping the 15,000 unit mark. 2018 was also the 4th year that Mercedes-Benz India beat out its closest rivals BMW and Audi to retain the number 1 spot amongst luxury automakers in India.
8. Check in, stay out
The world of uber-luxury has never been this competitive. From curating specialised menus to providing customised stay experiences, upscale hotels have done it all. Taking their services several notches up, luxe hotels are tailoring avant-garde experiences that could very well become their piece de resistance. They are venturing into allied segments such as yachts, private jets, microbreweries and premium chocolate boutiques.
Starting 2020, the Ritz-Carlton will offer bespoke yachting voyages across the Baltic region, Northern Europe, the Caribbean and Mediterranean. The yachts will replicate the brand’s onshore experiences offshore with elevated dining and personalised services.
9. Luxury and vintage rental cars a new craze at big fat Indian ..
10. New Toyota Camry Hybrid Launched in India for Rs 36.95 Lakh
In India, the Toyota Camry was first introduced in 2002; and since then, the company has sold over 11,000 units cumulatively.
11. Hilton launches first luxury vegan hotel suite in UK
With the likes of McDonald’s launching vegan burgers in some countries, Wills and Kate including a vegan option for Christmas dinner, and Beyonce and Jay Z challenging fans to go vegan in 2019, surely it was only a matter of time before major hotel chains fully embraced the plant-based movement too.
The Hilton is giving it a good crack with the launch this week of a vegan suite at its Bankside branch in London where everything – or almost everything – from the furniture and carpets to the bedding and of course food has been given the thumbs up from The Vegan Society, The Observer reported.
12. Stunning floating holiday home boasts gourmet meals, luxury transfers and a jaw-dropping location – but you’ll need a seaplane to reach it
When an ordinary sea view simply doesn’t cut it anymore, this floating paradise in Sydney’s Palm Beach might be just the answer.
Lilypad is a holiday villa floating in the waters off Palm Beach and features an abundance of luxuries – including a sea plane which you’ll need to get there.
13. Luxury Designer Christian Louboutin Honors Kenyan Fashionista with Special Red Bottom Heels
High-flying Kenyan fashionista, Sonal Maherali, is having a great start to the new year. She already owns shoes, bags and clothes from pretty much every major designer, and now she has added another one… a special one.
The fashion icon and YouTuber has gotten herself one of a kind pair from one of the most admired designers in the world, Christian Louboutin himself.
14. Luxury Brands Are Making Unconventional Partnerships the Next Big Thing
Collaborations and partnerships between high-end travel brands and their cousins in sectors ranging from fashion to food to automotive have been increasing in recent years.
But in 2019, such collaborations will likely become commonplace, as luxury companies seek to align with others of their ilk in order to extend their reach and increase brand awareness.
“I think we are going to see a lot more of it. After all, collaboration to survive is really important. Certain species need other species to survive. When you have a common understanding of luxury and heritage, it makes sense to partner [with companies] that believe the same things,” said Marek Reichman, executive vice president and chief creative officer at Aston Martin Lagonda.