As the curtains draw on 2023, it becomes evident that this year has been nothing short of a trendsetter in the realms of hospitality, tourism, alcobev, and lifestyle. Despite the challenges posed by the lingering effects of the global pandemic, industries have not only adapted but have also innovated, paving the way for a future that promises to redefine the norms.
In an exclusive look back, industry leaders provide insights into the transformative journey of 2023 and share their visions for the years to come.
Mr. Manoj Jain, COO, Delta Corp Ltd
“As 2023 draws to a close, India embarks on a journey of rediscovered exploration. Domestic travel surged in India, marking a 15% triumph over pre-pandemic days, a testament to the nation’s insatiable thirst for adventure; over 6.43 million foreign travelers embraced India’s warmth in just nine months. At Deltin, we are excited to enter the new calendar year with this positive note, our commitment to exquisite hospitality resounding deeply. Let’s raise a toast to 2024, ready to co-create good times, weaving memories, one delightful moment at a time. Welcome to a new chapter, where Deltin’s vibrant hues mingle with your soirees, crafting experiences fit for those who seek an experience to cherish forever.”
Mr. Arun Kumar – Co Founder, Aspri Spirits
“As we raise a toast to the waning light of 2023, the current AlcoBev landscape showcases a vibrant array of captivating flavours and innovative concepts. The cocktail culture has witnessed a sharp and promising growth with some remarkable trends towards spicy cocktails, umami cocktails, 90’s martini trend, negroni’s with twist, spiked slushies and experiential Drinks. Bartenders are placing emphasis on presentation, incorporating smoky accents and intricate handcrafted ice sculptures to curate remarkable drinking experiences. Moreover, there’s a growing inclination towards sustainable mixology, emphasizing the use of farm-fresh ingredients to meet the demand for both taste and eco consciousness.
Within the spirits realm, discerning consumers seek refined tastes fuelling the rise of premium and super luxury alcohol, especially vodka. These vodkas stand out due to their unique ingredients and meticulous crafting methods, offering an unparalleled taste that also enhances the entire cocktail experience. This penchant for quality extends beyond vodka to encompass a surge in demand for premium spirits across various categories. Consumers are increasingly drawn to investing in superior quality and unforgettable experiences, indicating a promising future for the premium spirits market.”
Sumedh Singh Mandla, CEO-VBev
“Anticipated economic recovery and changing consumer preferences are expected to drive growth in the Indian alcohol industry. With an expanding middle class and increasing disposable incomes, the demand for premium and craft beverages is likely to surge. Additionally, the evolving palates of consumers is building openness to diverse flavours and international brands is fuelling innovation and category expansion along with the booming cocktail culture in India.
Urbanization and changing lifestyles further contribute to this trend. We will be bringing in several new categories to cater to these trends. Some of the new additions would include Premium Tequila, Premium Irish Whiskey, Premium Gin and furthermore depth in our Vodka portfolio. Specifically, Tequila
has emerged as the new age drink, appreciated both as a sipping spirit and a key cocktail ingredient, captivating the Indian consumer with its versatile nature and distinctive flavours.”
As the year draws to a close, it’s evident that 2023 has been a pivotal moment for the hospitality, tourism and alcobev industries. The lessons learned and innovations embraced during these challenging times have set the stage for a future that is both exciting and promising. With a renewed focus on quality, innovation, and sustainability, these sectors are poised to continue shaping the way we live, travel, and indulge. As we step into the next chapter, the resilience and adaptability demonstrated in 2023 serve as a beacon of hope and inspiration for the continued evolution of these dynamic industries.
