The global beach hotels market size was estimated to be $163,296 million in 2016, and is projected to reach $201,359 million in 2023, growing at a CAGR of 3.2%. The substantial boom in the travel and tourism sector fosters the demand for hotel industry and substantially beach hotels market.
Beach hotels are the hotels that are positioned on or nearby the seashore or are of sea-facing. Several beach resorts offer private beaches to their tourists with luxurious stay options. These are exceptionally popular among honeymoon couples and offer different activities, which include hiking and surfing, water sports, and biking with facilities, such as physical fitness spa services. Mental rejuvenation is one of the crucial benefits of beach resorts.
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Inclination of travelers toward peaceful areas than the crowded places has increased the demand for beach hotels. Factors that are expected to drive the market growth during the forecast period include increase in per capita income in the developing countries, rise in purchasing power of people, surge in trend to travel in vacation, and different discounts offered on online booking.
The global beach hotels market is segmented on the basis of type, service type, occupants and region. The beach hotels market on the basis of type is categorized into premium, standard, and budget. Based on service type, it is segmented into accommodation, food & beverage, and others. Based on occupants, the market is furthers segmented into solo, and group travels. Geographically, it is categorized across North America, Europe, Asia-Pacific, and LAMEA.
Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business owners, field marketing executives, and stakeholders a competitive edge over others operating in the same industry. Deep dive into customer-focused aspects, including spending power, shifting customer preferences, and consumption patterns, further narrate a lot about the business processes in vogue and product utilization for the forecast period.
The major manufacturers covered in this report:
ITC Limited,Four Seasons Holdings INC.,IHG (Intercontinental Hotels Group PLC),Hyatt Hotels Corporation,Marriott International, INC.,Shangri-La Asia Limited.,Wyndham Worldwide Corporation,Accor SA,The Indian Hotels Company Limited,Hilton Worldwide Holdings INC.,The Oberoi Group.
Scope of the Report:
The research on the Beach Hotels market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Beach Hotels market on the basis of end user, product type, application, and demography for the forecast period 2017–2025. Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and infographics.
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For more clarity on the real potential of the Beach Hotels market for the forecast period 2017–2025, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.
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The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2017–2023? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Beach Hotels market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Beach Hotels market?
- What are the prominent market trends influencing the development of the Beach Hotels market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Beach Hotels market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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