The floating hotels market size has grown strongly in recent years. It will grow from $4.52 billion in 2023 to $4.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth observed in the historical period can be attributed to factors such as novelty and uniqueness, the expansion of tourism, urban development, event hosting, and considerations related to the environment.
The floating hotels market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to the demand for experiential travel, the growth of the luxury and high-end market, the rise in coastal and island tourism, the prevalence of remote work and stay trends, and infrastructure development. Notable trends expected in the forecast period include an emphasis on sustainability, increased technological integration, focus on modularity and adaptability, offerings related to health and wellness, and a commitment to cultural immersion.
The anticipated surge in the demand for cruise tourism is set to drive the growth of the floating hotels market. Cruise tourism, involving leisure travel on cruise ships, has embraced the concept of floating hotels, providing extended stay accommodations, expedition base camps, and event venues. Notably, in May 2023, Tourism Review Media reported that Turkey witnessed 1,500 cruise ships and over 1.5 million passengers in 2023, with an expected increase to 2.3 million cruise passengers in 2024. This increasing demand for cruise tourism is a significant catalyst for the growth of the floating hotels market.
The rising number of high-net-worth individuals (HNWI) is poised to contribute to the expansion of the floating hotel market. High-net-worth individuals, characterized by substantial financial wealth, seek exclusive and premium travel experiences. Floating hotels, with their unique and luxurious accommodation offerings, align with the preferences of HNWIs. A report by Knight Frank in May 2023 highlighted a substantial growth projection in India's ultra-high-net-worth individuals (UHNWI) and billionaire population over the next five years. The report forecasts a 58.4% increase in UHNWI individuals from 12,069 in 2022 to 19,119 in 2027. Additionally, India's billionaire population is expected to grow from 161 individuals in 2022 to 195 individuals in 2027, supporting the growth of the floating hotel market.
An emerging trend in the floating hotels market is the adoption of solar-powered floating hotels. These hotels are entirely powered by solar energy and float on the water's surface, representing a sustainable and environmentally friendly option. Major players in the market are investing in innovative solar-powered hotels to maintain their market positions. For example, Mantis Collection introduced the Kivu Queen uBuranga in 2021, a solar-powered, motorized yacht floating hotel equipped with advanced waste management and heating systems, offering a sustainable option for travelers.
Strategic partnerships have become a key focus for major companies in the floating hotel market to sustain their positions. Collaborative agreements or alliances, such as the partnership between Meyer Floating Solutions and Arctic Bay Holding announced in April 2023, aim to achieve mutually beneficial goals. This partnership envisions the development of an extraordinary luxury floating hotel concept in the Arctic, providing guests with unparalleled experiences and breathtaking views. The planned hotel will feature world-class amenities, including a spa, two restaurants, and special igloo suites with glass roofs for a unique Arctic experience.
In December 2021, Hotel Polo Towers Group acquired Floatel. This strategic move aims to expand the hotel portfolio, leverage a unique location, and enhance customer service offerings by providing engaging guest experiences. Floatel, now rebranded as Polo Floatel, was known as South Asia's first floating hotel.
Major companies operating in the floating hotels market report are Marriott International Inc., Hilton Worldwide Holdings Inc., Four Seasons Hotels Ltd., Accor Group, The Ascott Limited, Karisma Hotels & Resorts, COMO Hotels and Resorts Pte. Ltd., Indian Hotels Company Limited, Ginger Hotels, Alila Hotels And Resorts Pte. Ltd., The Queen Mary, Aqua Expeditions Pte. Ltd., Montreal Alouettes, King Pacific Lodge, Huvafen Fushi, Archello BV, The Manta Resort, Poovar Island Resort, Sunborn London, SeaVentures Inc., Fregate Island Private, Oberoi Hotels & Resorts, Salt & Sill, Off Paris Seine, Pangu 7 Star Hotel Beijing.
North America was the largest region in the floating hotels market in 2023. The regions covered in the floating hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the floating hotels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary room categories in floating hotels include single occupancy and double occupancy. A single occupancy room is tailored for the exclusive use of one individual and is available in various price ranges, including premium, mid-range, and low-cost options. Booking options for these rooms typically include phone reservations, online bookings, and in-person booking channels.
The floating hotels market research report is one of a series of new reports that provides floating hotels market statistics, including floating hotels industry global market size, regional shares, competitors with a floating hotels market share, detailed floating hotels market segments, market trends and opportunities, and any further data you may need to thrive in the floating hotels industry. This floating hotels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The floating hotel market includes revenues earned by entities by providing accommodations, dining options, entertainment, recreational activities, kids and family services, cultural and enrichment programs, special occasion services, and transportation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The floating hotels market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to the demand for experiential travel, the growth of the luxury and high-end market, the rise in coastal and island tourism, the prevalence of remote work and stay trends, and infrastructure development. Notable trends expected in the forecast period include an emphasis on sustainability, increased technological integration, focus on modularity and adaptability, offerings related to health and wellness, and a commitment to cultural immersion.
The anticipated surge in the demand for cruise tourism is set to drive the growth of the floating hotels market. Cruise tourism, involving leisure travel on cruise ships, has embraced the concept of floating hotels, providing extended stay accommodations, expedition base camps, and event venues. Notably, in May 2023, Tourism Review Media reported that Turkey witnessed 1,500 cruise ships and over 1.5 million passengers in 2023, with an expected increase to 2.3 million cruise passengers in 2024. This increasing demand for cruise tourism is a significant catalyst for the growth of the floating hotels market.
The rising number of high-net-worth individuals (HNWI) is poised to contribute to the expansion of the floating hotel market. High-net-worth individuals, characterized by substantial financial wealth, seek exclusive and premium travel experiences. Floating hotels, with their unique and luxurious accommodation offerings, align with the preferences of HNWIs. A report by Knight Frank in May 2023 highlighted a substantial growth projection in India's ultra-high-net-worth individuals (UHNWI) and billionaire population over the next five years. The report forecasts a 58.4% increase in UHNWI individuals from 12,069 in 2022 to 19,119 in 2027. Additionally, India's billionaire population is expected to grow from 161 individuals in 2022 to 195 individuals in 2027, supporting the growth of the floating hotel market.
An emerging trend in the floating hotels market is the adoption of solar-powered floating hotels. These hotels are entirely powered by solar energy and float on the water's surface, representing a sustainable and environmentally friendly option. Major players in the market are investing in innovative solar-powered hotels to maintain their market positions. For example, Mantis Collection introduced the Kivu Queen uBuranga in 2021, a solar-powered, motorized yacht floating hotel equipped with advanced waste management and heating systems, offering a sustainable option for travelers.
Strategic partnerships have become a key focus for major companies in the floating hotel market to sustain their positions. Collaborative agreements or alliances, such as the partnership between Meyer Floating Solutions and Arctic Bay Holding announced in April 2023, aim to achieve mutually beneficial goals. This partnership envisions the development of an extraordinary luxury floating hotel concept in the Arctic, providing guests with unparalleled experiences and breathtaking views. The planned hotel will feature world-class amenities, including a spa, two restaurants, and special igloo suites with glass roofs for a unique Arctic experience.
In December 2021, Hotel Polo Towers Group acquired Floatel. This strategic move aims to expand the hotel portfolio, leverage a unique location, and enhance customer service offerings by providing engaging guest experiences. Floatel, now rebranded as Polo Floatel, was known as South Asia's first floating hotel.
Major companies operating in the floating hotels market report are Marriott International Inc., Hilton Worldwide Holdings Inc., Four Seasons Hotels Ltd., Accor Group, The Ascott Limited, Karisma Hotels & Resorts, COMO Hotels and Resorts Pte. Ltd., Indian Hotels Company Limited, Ginger Hotels, Alila Hotels And Resorts Pte. Ltd., The Queen Mary, Aqua Expeditions Pte. Ltd., Montreal Alouettes, King Pacific Lodge, Huvafen Fushi, Archello BV, The Manta Resort, Poovar Island Resort, Sunborn London, SeaVentures Inc., Fregate Island Private, Oberoi Hotels & Resorts, Salt & Sill, Off Paris Seine, Pangu 7 Star Hotel Beijing.
North America was the largest region in the floating hotels market in 2023. The regions covered in the floating hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the floating hotels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary room categories in floating hotels include single occupancy and double occupancy. A single occupancy room is tailored for the exclusive use of one individual and is available in various price ranges, including premium, mid-range, and low-cost options. Booking options for these rooms typically include phone reservations, online bookings, and in-person booking channels.
The floating hotels market research report is one of a series of new reports that provides floating hotels market statistics, including floating hotels industry global market size, regional shares, competitors with a floating hotels market share, detailed floating hotels market segments, market trends and opportunities, and any further data you may need to thrive in the floating hotels industry. This floating hotels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The floating hotel market includes revenues earned by entities by providing accommodations, dining options, entertainment, recreational activities, kids and family services, cultural and enrichment programs, special occasion services, and transportation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Floating Hotels Market Characteristics3. Floating Hotels Market Trends and Strategies32. Global Floating Hotels Market Competitive Benchmarking33. Global Floating Hotels Market Competitive Dashboard34. Key Mergers and Acquisitions in the Floating Hotels Market
4. Floating Hotels Market - Macro Economic Scenario
5. Global Floating Hotels Market Size and Growth
6. Floating Hotels Market Segmentation
7. Floating Hotels Market Regional and Country Analysis
8. Asia-Pacific Floating Hotels Market
9. China Floating Hotels Market
10. India Floating Hotels Market
11. Japan Floating Hotels Market
12. Australia Floating Hotels Market
13. Indonesia Floating Hotels Market
14. South Korea Floating Hotels Market
15. Western Europe Floating Hotels Market
16. UK Floating Hotels Market
17. Germany Floating Hotels Market
18. France Floating Hotels Market
19. Italy Floating Hotels Market
20. Spain Floating Hotels Market
21. Eastern Europe Floating Hotels Market
22. Russia Floating Hotels Market
23. North America Floating Hotels Market
24. USA Floating Hotels Market
25. Canada Floating Hotels Market
26. South America Floating Hotels Market
27. Brazil Floating Hotels Market
28. Middle East Floating Hotels Market
29. Africa Floating Hotels Market
30. Floating Hotels Market Competitive Landscape and Company Profiles
31. Floating Hotels Market Other Major and Innovative Companies
35. Floating Hotels Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Floating Hotels Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on floating hotels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for floating hotels? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Room Type: Single Occupancy; Double Occupancy
2) By Price Range: Premium; Mid; Low
3) By Booking Channel: Phone Booking; Online Booking; In-Person Booking
Key Companies Mentioned: Marriott International Inc.; Hilton Worldwide Holdings Inc.; Four Seasons Hotels Ltd.; Accor Group; The Ascott Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Marriott International Inc.
- Hilton Worldwide Holdings Inc.
- Four Seasons Hotels Ltd.
- Accor Group
- The Ascott Limited
- Karisma Hotels & Resorts
- COMO Hotels and Resorts Pte. Ltd.
- Indian Hotels Company Limited
- Ginger Hotels
- Alila Hotels And Resorts Pte. Ltd.
- The Queen Mary
- Aqua Expeditions Pte. Ltd.
- Montreal Alouettes
- King Pacific Lodge
- Huvafen Fushi
- Archello BV
- The Manta Resort
- Poovar Island Resort
- Sunborn London
- SeaVentures Inc.
- Fregate Island Private
- Oberoi Hotels & Resorts
- Salt & Sill
- Off Paris Seine
- Pangu 7 Star Hotel Beijing
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 4.89 Billion |
| Forecasted Market Value ( USD | $ 6.43 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
