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By Nishang Narayan
Published on May 22, 2024
We have carefully curated this newsletter to ensure it becomes your go-to resource for all things hospitality-related. Whether you are an industry professional, an avid traveller, or simply passionate about the art of hospitality, this newsletter will be your gateway to a world of inspiration, knowledge and unforgettable experiences.
India's burgeoning economy and rising affluent population are fostering a unique trend: the proliferation of private members-only business clubs catering to the nation's elites. These clubs, situated in prime commercial areas, offer a sanctuary for corporate leaders, startup founders, and other influential figures to network in an exclusive setting.
Historically, India's metropolitan areas have had clubs like the Gym Khana and Golf Courses, but these often involve lengthy membership waitlists. This limitation has sparked the rise of alternative platforms offering similar prestige and exclusivity. Over the past four to five years, more than 25 private clubs have opened across the country, including both independent operations and those managed by major hospitality brands like IHCL's Chambers and ITC's Privie.
These clubs are designed as comprehensive ecosystems, equipped with high-end facilities including business lounges, gourmet dining, and leisure amenities like spas and art galleries. They cater to a clientele that values privacy and premium experiences, and membership is typically by invitation or referral, adding an element of exclusivity.
The market for these clubs is robust, with a current valuation of INR 576 crores and a projected growth to INR 941 crores by 2027, expanding at a CAGR of 17.8%. This growth is driven by the increasing number of high-net-worth individuals (HNIs) in India, expected to more than double by 2027.
The Mumbai region, known for its affluent demographic and vibrant cultural scene, dominates the market, hosting some of the most prestigious clubs such as SOHO House and Quorum. This trend reflects a broader shift towards luxury and exclusivity in the Indian hospitality and real estate sectors, with private members-only clubs at the forefront of this evolution.
For those in the know, these clubs are more than just places to meet; they are venues where business and pleasure blend seamlessly against a backdrop of tailored luxury.
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