CBRE South Asia, the real estate consulting firm, recently announced the findings of its latest report, which highlighted retail chains capitalising on the surge in spiritual tourism across 14 key cities in India. Retail brands are strategically adapting their offerings in both established mall clusters and high-street locations to cater to the growing tourist population.
The ‘Decoding Real Estate through the Spiritual Tourism Lens’ report highlighted that as more pilgrims and spiritual seekers visit holy cities in India, retail brands across segments, including fashion & apparel, food & beverage, hypermarkets, homeware & department stores and consumer electronics brands, are expanding by tailoring the offerings to the pilgrim’s needs.
This trend underscores the symbiotic relationship between spiritual tourism and the retail industry, benefiting both sectors from the increased foot traffic.
According to the report, this trend reflects a broader shift in tourist preferences,…
