Beach Hotels Market Report 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 compound annual growth rate (CAGR) of 4.8%. The growth during the historic period can be attributed to trends in tourism and travel, the popularity of adventure and water activities, government funding and initiatives globally to support the tourism industry, seasonal demand, and cultural and recreational activities.

The beach hotels market size is expected to see strong growth in the next few years. It will grow to $191.19 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth during the forecast period can be attributed to the increase in global tourism, expansion of beachfront development, growing popularity of beach holidays, rising demand for luxury beach resorts, and the increasing trend of destination weddings. Key trends expected in this period include technological advancements, shifts in consumer preferences, the rise of sustainability and eco-tourism, a variety of accommodation options, and incentives for online booking.

The growth of tourism is projected to drive the expansion of the beach hotels market in the future. Tourism involves traveling for leisure, recreation, or business, typically entailing stays in locations away from one's usual environment. This sector includes a broad spectrum of activities and services designed to cater to travelers' needs and preferences. The increase in tourism is driven by factors such as rising disposable incomes, advancements in transportation infrastructure, and a growing appetite for new experiences and cultural exploration. Beach hotels play a pivotal role in the tourism industry by attracting visitors, creating local employment, supporting local businesses, enhancing infrastructure, fostering cultural exchange, and promoting sustainable tourism practices. For example, in 2024, the World Travel and Tourism Council, a UK-based non-profit organization, reported that the travel and tourism sector contributed 9.1% to global GDP in 2023, representing a 23.2% increase from 2022. Thus, the rising global tourism is fueling the growth of the beach hotels market.

Leading companies in the beach hotels sector are investing in technological advancements, such as 3D mapping technology, to enhance guest experiences and improve operational efficiencies. 3D mapping technology allows hotels to offer detailed virtual tours, optimize space management, streamline event planning, and enhance maintenance operations through accurate spatial data. For instance, in September 2023, W South Beach, a US-based luxury hotel, unveiled a $6 million renovation of its ballroom and meeting spaces. This renovation features state-of-the-art 360 projection technology capable of recreating diverse environments, from immersive underwater scenes to global city skylines, setting a new benchmark for exceptional events and experiences. The 4,300-square-foot ballroom utilizes 3D mapping technology to deliver storytelling, visual effects, and precise audio-visual integration, offering guests an extraordinary experience similar to that of L’Atelier des Lumières in Paris.

In December 2023, Golden Sands Hotel Company, a UAE-based hospitality group specializing in luxury hotels and resorts, acquired Salalah Beach Resort for an undisclosed sum. This acquisition is set to enhance Oman's hospitality sector by elevating the resort's amenities and guest experience. Salalah Beach Resort, located in Oman, is a luxury beachfront property renowned for its high-quality hospitality services, including the Hilton Salalah Resort.

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.

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.

The countries covered in the beach hotels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Beach hotels are establishments designed to provide accommodation and services directly adjacent to or near a beach. These hotels cater mainly to tourists and travelers looking for a coastal experience, offering amenities and features that enhance their stay by the sea. They provide a distinctive and attractive experience for those wanting to enjoy the sun, sea, and sand, combining comfort with convenient access to beach activities and attractions.

The main types of beach hotels include budget, premium, and standard. Budget beach hotels offer essential services and basic amenities at a low cost. Services provided can include accommodation, all-inclusive options, food services, events, and more. Booking channels for these hotels include both offline and online options, and they serve different types of guests, such as groups and solo travelers.

The beach hotels market research report is one of a series of new reports that provides beach hotels market statistics, including the beach hotels industry global market size, regional shares, competitors with beach hotels market share, detailed beach hotels market segments, market trends, and opportunities, and any further data you may need to thrive in the beach hotels industry. These beach hotels market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The beach hotels market includes revenues earned by entities by providing services such as family-friendly services, fitness facilities, and concierge 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.


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