Global Beach Hotels Market, By Type (Budget, Standard, Premium), Service Type (Accommodation, Food and Beverage, Others), Occupants (Solo, Group) – Industry Trends and Forecast to 2029
Market Analysis and Size
There has been immense growth in the increasing trend to travel in vacation nowadays. Additionally, the rising purchasing power of people and increase in per capita income in the developing nations has resulted in rapid increase of global consumers going for vacations and trips, which further leads to rapid surge in market growth of beach hotels. Therefore, the market is estimated to grow rapidly over forecasted period.
Global Beach Hotels Market was valued at USD 197600 million in 2021 and is expected to reach USD 270429.2 million by 2029, registering a CAGR of 4.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
Beach hotels are either on or near the seashore or face the sea. Numerous beach resorts offer private beaches as well as deluxe lodging options to their visitors. These are extremely popular among honeymoon couples and offer a variety of activities such as water sports, hiking and surfing, biking, and amenities such as physical fitness spa services.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Budget, Standard, Premium), Service Type (Accommodation, Food and Beverage, Others), Occupants (Solo, Group)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Sunset Key Guest Cottages Florida (U.S.), Montage Laguna Beach,California (U.S.), Four Seasons Holdings Inc. (U.S.), Jade Mountain (St.Lucia), Belmond Maroma Resort & Spa (Mexico), Capri Laguna On The Beach,California (U.S.), Hyatt Hotels Corporation (U.S.), Marriott International, Inc. (U.S.), The Oberoi Group (India)
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Market Opportunities
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Beach Hotels Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Inclination Towards Beach hotels
The increasing number of destination weddings near beach areas is projected to create outstanding demand for the beach hotels services during the forecasted period. Moreover, the preference of travelers for peaceful areas over crowded areas has increased the demand for beach hotels.
The factors such as rising disposable income, enhanced standard of living, and availability of discounts on online bookings will further propel the growth rate of beach hotels market. Additionally, the rapid urbanization will also drive market value growth over forecasted timeframe. Furthermore, the rising preferences for traveling to peaceful areas also boosts the overall market’s growth.
Opportunities
- Advancements and Investments
Furthermore, the rising investment in research and development to innovate new attractive infrastructure further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the surging infrastructural developments as well as innovations will further expand the future growth of the beach hotels market.
Restraints/Challenges
- High Costs of Beach hotels
However, the high costs associated with the stays at beach hotels will create hindrances for the growth of the beach hotels market.
- Stringent Regulations Associated with Beach Hotels
The government is intervening by imposing restrictions to reduce such repercussions and bad effects associated with the mobile beach hotels industry services. The governments of various global players across the globe are formulating stringent regulations that are will prove to be a demerit for the beach hotels market. Therefore, this factor is anticipated to challenge the beach hotels market growth rate.
This beach hotels market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the beach hotels market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Beach Hotels Market
The coronavirus had a huge impact on the beach hotels market as outbreak has it wreaked havoc on the global travel and tourism industry. Tourists and locals are important revenue generators for the market, therefore revenues have dropped. Unemployment and lower consumer discretionary income are also stumbling blocks to a quick recovery. Furthermore, the pandemic's impact on society and the economy has been seen as a result of global lockdowns. Travel restrictions, airline suspensions, and, most importantly, an economic slowdown have all had an impact on the business of hotels, resorts, and motels around the world. Consumers' outing habits have shifted as a result of their perception of the risk posed by COVID-19. Consumers are avoiding vacations and outdoor stays to reduce the risk of infection, which has directly impacted the growth of the tour and travel sector, stifling the growth of the beach hotels market.
Global Beach Hotels Market Scope
The beach hotels market is segmented on the basis of type, service type and occupants. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Budget
- Standard
- Premium
Service Type
- Accommodation
- Food and Beverage
- Others
Occupants
- Solo
- Group
Beach Hotels Market Regional Analysis/Insights
The beach hotels market is analyzed and market size insights and trends are provided by country, type, service type and occupants as referenced above.
The countries covered in the beach hotels market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the beach hotels market because of the increasing demand for scuba diving and cruise trips within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the rising disposable income and enhanced standard of living within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Beach Hotels Market Share Analysis
The beach hotels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to beach hotels market.
Some of the major players operating in the beach hotels market are
- Sunset Key Guest Cottages Florida (U.S.)
- Montage Laguna Beach,California (U.S.)
- Four Seasons Holdings Inc. (U.S.)
- Jade Mountain (St.Lucia)
- Belmond Maroma Resort & Spa (Mexico)
- Capri Laguna On The Beach,California (U.S.)
- Hyatt Hotels Corporation (U.S.)
- Marriott International, Inc. (U.S.)
- The Oberoi Group (India)
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