What Fueled The Previous Growth In The Beach Hotels Market?
The beach hotels market has seen considerable growth due to a variety of factors.
• The beach hotels market has seen notable growth in recent years. It is expected to grow from $156.78 billion in 2024 to $165.17 billion in 2025, at a CAGR of 5.4%.
This growth is driven by global tourism trends, the popularity of water and adventure activities, government efforts to boost the tourism industry, seasonal demands, and the increasing interest in cultural and recreational activities.
What Can Be Expected from the Beach Hotels Market Size?
The beach hotels market is expected to maintain its strong growth trajectory in upcoming years.
• The beach hotels market is projected to grow steadily, reaching $200.47 billion by 2029 at a CAGR of 5.0%.
The growth is driven by rising global tourism, increased beachfront development, a growing trend of beach holidays, higher demand for luxury beach resorts, and the rise of destination weddings. Major trends include technological advancements, sustainability in tourism, varied accommodation options, and incentives for online bookings.
What Are the Critical Driver Fuelling The Beach Hotels Market's Growth?
The growth in tourism is expected to propel the beach hotels market. Tourism, the activity of traveling for leisure, recreation, or business, is expanding due to factors like increased disposable incomes, better transportation, and a desire for new cultural experiences. Beach hotels contribute to tourism by attracting visitors, supporting local businesses, and creating jobs. According to the World Travel and Tourism Council, in 2023, tourism contributed 9.1% to global GDP, marking a 23.2% increase from the previous year. This global rise in tourism is driving the growth of the beach hotels market.
How Is The Beach Hotels Market segmented?
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
Subsegments:
1) By Budget: Economy Beach Hotels, Budget Beach Resorts, Beach Hostels And Guesthouses
2) By Premium: Luxury Beach Resorts, 5-Star Beach Hotels, High-End Boutique Beach Hotels, All-Inclusive Premium Beach Resorts
3) By Standard: Mid-Range Beach Hotels, Standard Beach Resorts, 3-Star Beach Hotels, Comfort-Focused Beach Hotels
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What Emerging Trends Are Influencing The Growth Of The Beach Hotels Market?
Major companies in the beach hotels market are focusing on technological improvements such as the renovation of hotel spaces using 3D mapping technology. This technology helps create virtual tours, optimize event planning, and enhance space management. For example, in September 2023, W South Beach, a U.S.-based luxury hotel, unveiled a $6 million renovation of its ballroom, incorporating 360 projection technology and 3D-mapping to create immersive, dynamic experiences, raising the standard for event spaces and guest experiences.
Who Are the Key Players In The Beach Hotels Market?
Major companies operating in the beach hotels market are:
• 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
What Is The Most Dominant Region In The Beach Hotels Market?
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. The regions covered in the beach hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
