New Delhi [India], September 28 (ANI): The supply of luxury hotels in India is expected to remain constrained due to several high barriers to entry, including limited land availability, extensive regulation, restrictive zoning, high capital costs, and long gestation periods. According to a sectoral report on the luxury hotel segment by JM Financial, these challenges continue to restrict new developments in the luxury hospitality segment. “Supply in the luxury segment is expected to remain constrained due to high barriers to entry, including limited availability of land, extensive regulation, restrictive zoning, high cost of capital and long gestation periods,” the report added. The report noted that, despite supply constraints, demand for luxury hotel rooms is growing rapidly. The luxury hospitality segment recorded an ADR growth of 5.7 per cent CAGR over Financial Year (FY) 2014-24, outpacing the broader hospitality industry’s growth of 3.1 per cent CAGR, according to HVS ANAROCK Research.