Global Beach Hotels Market Top Major Players 2024, Forecast To 2033
11 Sep, 2024
The beach hotels market size has grown steadily in recent years. It will grow from $149.81 billion in 2023 to $156.78 billion in 2024 at a CAGR of 4.8%. The historic growth can be attributed to tourism and travel trends, adventure and water activities, government funding to promote tourism, seasonal demand, and recreational activities. The beach hotels market size is expected to continue its growth, reaching $191.19 billion in 2028 at a CAGR of 5.1%. This forecasted growth can be attributed to global tourism expansion, beachfront development, the growing trend of beach holidays, increasing demand for luxury beach resorts, and the rising trend of destination weddings. Key trends include technological improvements, changing consumer tastes, sustainability and eco-tourism, diverse accommodation options, and online booking incentives.
Global Beach Hotels Market Key Driver
The rising tourism is expected to propel the growth of the beach hotels market going forward. Tourism involves traveling for pleasure, recreation, or business, typically staying away from one's usual environment. The growth in tourism is due to factors such as increased disposable incomes, better transportation infrastructure, and a desire for new experiences. Beach hotels play a significant role in tourism by attracting visitors, creating local jobs, supporting businesses, enhancing infrastructure, and promoting cultural exchange. For instance, in 2024, the World Travel and Tourism Council reported that the travel and tourism sector contributed 9.1% of the global GDP in 2023, reflecting a 23.2% increase from 2022. Therefore, the rise in global tourism is driving the growth of the beach hotels market.
Get A Free Sample Of The Beach Hotels Market ReportGlobal Beach Hotels Market Segments
The beach hotels market covered in this report is segmented –
1) By Type: Budget, Premium, Standard
2) By Service Type: Accommodation, All-Inclusive, Food Services, Events, Other Service Types
3) By Booking Channel: Offline Booking, Online Booking
4) By Occupants: Group, Solo
By Geography:The regions covered in the beach hotels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the beach hotels market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Beach Hotels Industry Players
Marriott International Inc., Radisson Hotel Group, Rosewood Hotels and Resorts LLC, Hilton Worldwide Holdings Inc., ITC Limited, Hyatt Hotels Corporation, Four Seasons Holdings Inc., InterContinental Hotels Group PLC, Accor S.A., Shangri-La International Hotel Management Limited, Jumeirah International LLC, Wyndham Hotels & Resorts Inc., Belmond Ltd., Mandarin Oriental Hotel Group Limited, Soneva Group, Montage International, Royal Cliff Hotels Group, The Oberoi Group, The Indian Hotels Company Limited, Barcelo Hotel Group, Laguna Beach House, Casa Laguna Hotel & Spa., Sunset Key Guest Cottages, Capri Laguna, Jade Mountain Resort
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Beach Hotels Market Overview
Beach hotels are establishments specifically designed to offer accommodation and services directly adjacent to or near a beach. These hotels cater primarily to tourists and travelers seeking a coastal experience, providing amenities and features that enhance their stay by the sea. Beach hotels offer a unique and appealing experience for travelers seeking to enjoy the sun, sea, and sand, combining comfort with easy access to beach activities and attractions.
Beach Hotels Global Market Report 2023 provides data on the global beach hotels market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The beach hotels market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.