Can you put a price on luxury? Is luxury relative? And is the notion of what constitutes luxury currently being transformed? These questions formed part of a thought-provoking panel discussion at the Hotel Investment Conference South Asia (HICSA) 2018, which took place at the Grand Hyatt Mumbai on 4 – 5 April.
QUO CEO David Keen moderated the discussion on the ‘Democratisation of Luxury’ with panelists Dr Ankur Bhatia, Executive Director of Bird Group; Rajiv Kaul, President of The Leela Palaces, Hotels and Resorts; Shafi Syed, Senior Vice President of Development at Caesars Entertainment; and Sonica Malhotra, Joint Managing Director of MBD Steigenberger Hotels and Resorts.
The panellists had different ideas about what luxury is and whether luxury has a dollar value, specifically in the context of a rapidly growing Indian hospitality market, but also internationally.
See what they had to say by watching the full panel discussion from HICSA below: