Global Beach Hotel Industry Expected to Hit $215 Billion by 2031 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Beach Hotel Market by Type, Service Type and Occupants: Global Opportunity Analysis and Industry Forecast, 2022-2031” report has been added to from ResearchAndMarkets.com offer.

According to this report, the global beach hotel market size was valued at USD 121,202.6 Million in 2021 and is projected to reach USD 215,404.3 Million by 2031, registering a 2022 CAGR of 4.6%. to 2031. In 2020, the standard segment accounted for approximately 50% of the global market by value.

Beach hotels are hotels located on or near the seashore or facing the sea. people’s purchase and the various discounts offered on online booking have fostered the growth opportunities of the beach hotel market.

Leisure tourism, commercial tourism, medical tourism and other types of tourism are all included in travel and tourism. Lifestyle changes, increase in tourism marketing, increase in accessibility of transportation facilities and other factors that are encouraging the expansion of travel and tourism activities are expected to boost the growth of the industry beach hotels. The continuous expansion of the travel and tourism sector and the integration of various fields such as hospitality and infrastructure with the efforts of the government is accelerating the global growth of the travel and tourism industry, which in turn complements the growth of the beach hotel market.

As e-literacy grows, so does the adoption of mobile phones, laptops, and other networking devices. Customers are gradually moving away from traditional reservations to turn to online reservations. The goal of online travel service providers is to make travel planning and booking easier for passengers. The internet travel industry is driven by quick and easy flight and hotel bookings, increased customer confidence in online payment, and the ability to compare the many travel alternatives available.

The increase in internet penetration in rural areas and Tier 2 and Tier 3 cities has made it easier for consumers to book beach hotels, who can book their stay with just one click. In addition, it results in greater simplicity in booking transport and accommodation services, allowing customers to book easily.

As one of the most popular travel booking mediums, especially among young travelers, market players widely offer travel services through websites and mobile apps, bringing profitable potential to the hotel market beach to develop its marketing mix on the online platform.

Key market segments

By type

By type of service

  • Lodging

  • food and drinks

  • Others

By occupants

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Sweden

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Indonesia

  • Rest of Asia-Pacific

  • LAMEA

  • Latin America

  • Middle East

  • Africa

Prominent players include

  • Accor SA

  • 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

  • The Indian Hotel Company Limited

For more information on this report, visit https://www.researchandmarkets.com/r/y6tvdj

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