0
2022
Beach Hotels Market

Beach Hotels Market

by Type (Budget, Standard, and Premium), Service Type (Accommodation, Food & Beverage, and Others), and Occupants (Solo and Group): Global Opportunity Analysis and Industry Forecast, 2022-2031

✷  Report Code: A01771
Pages: 290
Feb 2022 | 19333 Views
Author(s) : Indranil C, Vidit G , Roshan D
Tables: 134
Charts: 56
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COVID-19

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The global beach hotels market size was valued at $121,202.6 million in 2021, and is projected to reach $215,404.3 million by 2031, registering a CAGR of 4.6% from 2022 to 2031. Beach hotels are hotels located on or near the seaside or have a view of the sea. Several beach resorts provide travelers with private beaches as well as elegant lodging alternatives. Beach hotels provide a variety of activities such as hiking and surfing, water sports, and bicycling and facilities, such as physical fitness spa services, and so are quite popular among couples. One of the most important advantages of beach resorts is it provides mental relaxation. Vacationers preferring tranquil settings over congested ones has raised the demand for beach hotels.

The COVID-19 outbreak has disrupted the travel & tourism market across the globe. Furthermore, the impact of the pandemic on society and the economy has been witnessed as a result of global lockdowns. Restrictions on travel, airline suspensions, and most importantly, slowdown in the economy have affected the business of hotels, resorts, and motels across the globe. Consumers' outing habits have changed by their perception of the risk associated with COVID-19. Consumers are avoiding holidays and outdoor stays to reduce the risk of infection, which has had a direct impact on the growth of the tour and travel sector, thus hindering the beach hotels market growth.

Increase in per capita income in emerging nations, rise in people's purchasing power, surge in the tendency to travel for holiday, and various discounts given on online booking are projected to fuel market expansion during the beach hotels forecast period.

Beach-Hotels-Market

The beach hotels market is segmented on the basis of type, service type, occupants, and region. On the basis of type, the market is segmented into budget, standard, and premium. By service type, the market is segmented into accommodation, food & beverage, and others. On the basis of occupants, the market is segmented into solo and group. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Sweden, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Beach Hotels Market
By Type

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Premium segment would exhibit the highest CAGR of 5.5% during 2022-2031, owing to the increased demand of luxurious beach hotels by the consumers in order to experience a premium experience.

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On the basis of type, the standard segment gained a major share in the global market in 2021 and is expected to sustain its market share during the forecast period. The standard segment was valued at $62,569.4 million in 2021 and is expected to reach $108,853.2 million by 2031, with a CAGR of 4.3%. The growth of this segment is due to the rapid increase of global consumers going for vacations and trips. Standard hotels are the most common type of hotel chosen by consumers as they offer appropriate services at a fair price.

Beach Hotels Market
By Service Type

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Food & Beverages segment would exhibit the highest CAGR of 5.0% during 2022-2031, owing to the increasing openings of new restaurants by the hotels and introduction of new food items in their menu.

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On the basis of service type, the accommodation segment was valued at $63,306.9 million in 2021 and is expected to reach $108,863.3 million by 2031, with a CAGR of 4.2%. As consumers prefer to eat outside at local foodservice joints instead of the hotel they stay in, accommodation is therefore the most common factor to consider while choosing a hotel for vacation. On the basis of occupants, the group segment was valued at $93,019.5 million in 2021and is projected to reach $162,273.8 million by 2031, registering a CAGR of 4.4%. Consumers prefer to go vacations with group rather than solo. Travelling in a group offers good company, and moreover, hotels offer lucrative discount options to group travelers than solo occupancy.

Beach Hotels Market
By Occupants

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Solo segment would exhibit the highest CAGR of 5.2% during 2022-2031, owing to the increasing trend for solo travelling in consumers.

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Region-wise, Europe dominated the beach hotels market in 2021, and is expected to be dominant during the forecast period, as a higher percentage of population prefers to go for vacation and visit the European countries.

According to the global beach hotels market analysis, the market players have adopted various developmental strategies to expand their beach hotels market share, increase profitability, and remain competitive in the market. The key players profiled in this report include, Accor S.A, Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, ITC Ltd., Marriott International, Inc., Omni Hotels & Resorts, Radisson Hospitality, Inc., Rancho La Puerta Inc., and The Indian Hotels Company Limited.

Beach Hotels Market
By Region

2031
Asia Pacific 
North America
Europe
Lamea

Asia would exhibit the highest CAGR of 5.7% during 2022-2031, owing to the increase in beach tourism and increasing desire for experiencing beachfront view from hotels among consumers in the region.

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current beach hotels market trends, estimations, and dynamics of the market size from 2022-2031 to identify the prevailing opportunities.
  • The Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis along with market size and segmentation assist to determine the prevailing beach hotels market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the beach hotels industry.

Beach Hotels Market Report Highlights

Aspects Details
By Type
  • Budget
  • Standard
  • Premium
By Service Type
  • Accommodation
  • Food & Beverage
  • Others
By Occupants
  • Solo
  • Group
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Sweden, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
 

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The demand generation for the beach hotels market is seasonal in nature. The peak season experiencing very high demand varies from location to location. For instance, the peak season for beach hotels in Goa, India is during Christmas & New Year. Whereas, in Greece, which is well known for nightlife and partying, August is the most popular month for visiting the country.

The food and beverage segment in the service type is expected to increase at a rapid pace due to changing consumer lifestyles and rise in desire to consume exotic and local seafood.

The expansion of the beach hotels market may be ascribed to the expansion of the travel & tourism industry. The advent of low-cost carriers and government drives to boost national and international tourism are considerably assisting in the expansion of the travel & tourism industry and its service providers, including the beach hotels market.
 

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FREQUENTLY ASKED QUESTIONS?

A. The global beach hotels market size was valued at $121,206.2 million in 2021, and is estimated to reach $215,404.3 million by 2031, registering a CAGR of 4.6% from 2022 to 2031

A. The global beach hotels market registered a CAGR of 4.6% from 2022 to 2031.

A. Raise the query and paste the link of the specific report and our sales executive will revert you back with the sample.

A. The forecast period in the beach hotels market report is from 2022 to 2031.

A. The top companies that hold the market share in beach hotels market include Accor S.A., Four Seasons Hotel, Ltd., Hilton Worldwide Holdings, Inc., Marriott International, Inc., and Radisson Hospitality, Inc.

A. The beach hotels market report has 3 segments. The segments are type, service type, and occupants.

A. The emerging countries in the beach hotels market is likely to grow at a CAGR of more than 5.5% from 2022 to 2031.

A. Asia-Pacific will dominate the beach hotels market by the end of 2031

A. Post COVID-19, the ease of lockdown, reopening of state, country, and international tourism is driving the recovery of the beach hotels market. On the other hand government are focusing on the promotion of beach tourism that is expected to attract travellers and will aid in the growth of the beach hotels market.

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