New Delhi, March 29 -- Mumbai-based Leela Palaces Hotels and Resorts is accelerating expansion across India's luxury hospitality segment, betting on a long runway for high-end travel while maintaining tight control over brand standards and key assets.

The company is planning nine new properties, alongside branded residences and members-only clubs, spanning wildlife, heritage, spiritual, mountain and urban destinations.

"Luxury travel in India is a multi-decadal story, India has just about 30,000 luxury hotel rooms and we have about 4,000 of them. Rising household incomes, growing number of affluent travellers, and a largely under-penetrated luxury hotel market give us a long luxury runway ahead," Anuraag Bhatnagar, chief executive offic...