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Beach Hotels Market by Type (Premium, Standard, and Budget), Service Type (Accommodation, Food & Beverage, and Others), and By Occupants (Solo and Group) - Global Opportunity Analysis and Industry Forecast, 2017-2023

02-05-2019 06:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Beach Hotel Market

Beach Hotel Market

According to a new report published by Allied Market Research, titled, "Beach Hotels Market by Type, Service Type, and By Occupants: Global Opportunity Analysis and Industry Forecast, 2017-2023," The global beach hotels market was valued at $163,296 million in 2016, and is projected to reach $201,359 million in 2023, registering a CAGR of 3.2% from 2017 to 2023.

Coastal tourism or mass tourism is one of the largest segment of the leisure travel & tourism industry and hotel chains and resorts are significant components of coastal tourism in several economies. Factors such as the availability of low-cost airline carriers, changing life-style and increase in disposable income are supporting the growth of travel & tourism along with costal tourism and beach hotels.

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Beach hotels are the hotels that are positioned on or nearby the seashore or are of sea-facing. The substantial boom in the travel and tourism sector, inclination of travelers toward peaceful areas, rise in purchasing power of people, and different discounts offered on online booking has fostered the growth of beach hotels market.

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 (includes luxury 5 star & 4 star hotels), standard (includes 3 star & 2 star hotels), and budget (1 star & unrated hotels). 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.

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In 2016, the accommodation segment was the leading revenue contributor to the global market. However, the food & beverage segment is expected to witness healthy growth rates during the forecast period.

In 2016, U.S. dominated the global market, owing to vast coastal areas and increasing inclination towards peaceful destinations among couples and bachelors & bachelorettes.

The key players profiled in the report are 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., and The Oberoi Group.

KEY FINDINGS OF THE STUDY

• In 2016, Europe dominated the global market with more than one-third share in terms of value.
• Asia-Pacific is estimated to witness the highest growth rate during the forecast period.
• In 2016, U.S. was the leading revenue contributor to the global beach hotels market.
• Standard hotels segment by type generated the highest revenue to the global market in 2016, and is expected to grow at a CAGR of 3.3%.
• The premium hotels segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 3.6%.

Analyst Review:

Beach hotels are the hotels that are positioned on or nearby the seashore or are of sea-facing. The demand generation for the beach hotel industry 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 the Christmas & New Year eve. Whereas, in Greece, august is the most popular month and well known for nightlife and partying.

The food & beverage segment in service type is anticipated to witness a notable growth rate owing to changing life style of consumers and growing demand for exotic and local sea food.

The growth of the beach hotel industry is attributed to the growth of the travel and tourism industry. Introduction of low cost carrier, government initiative to increase national & international tourism, are significantly aiding in the growth of the travel & tourism industry and its service providers including beach hotels industry.

LIST OF FIGURES

FIGURE 1. GLOBAL BEACH HOTELS MARKET SNAPSHOT
FIGURE 2. GLOBAL BEACH HOTELS MARKET SEGMENTATION
FIGURE 3. TOP INVESTMENT POCKETS
FIGURE 4. TOP IMPACTING FACTORS
FIGURE 5. TOP WINNING STRATEGIES (%)
FIGURE 6. TOP WINNING STRATEGIES
FIGURE 7. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 8. HIGH BARGAINING POWER OF BUYERS*
FIGURE 9. MODERATE THREAT OF SUBSTITUTES
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. MODERATE THREAT OF NEW ENTRANTS
FIGURE 12. MARKET PLAYER POSITIONING
FIGURE 13. DRIVERS AND RESTRAINTS: BEACH HOTELS MARKET
FIGURE 13. GLOBAL TRAVEL & TOURISM INDUSTRY, 2007-2023 ($ TRILLION)
FIGURE 14. GLOBAL PER CAPITA DISPOSABLE INCOME, 2007-2023 ($)
FIGURE 15. GLOBAL INTERNET USERS, 2009-2016 (MILLION)
FIGURE 16. GLOBAL BEACH HOTELS MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 17. GLOBAL BEACH HOTELS MARKET SHARE, BY SERVICE TYPE, 2016 (%)
FIGURE 18. GLOBAL BEACH HOTELS MARKET SHARE, BY OCCUPANTS, 2016 (%)
FIGURE 19. GLOBAL BEACH HOTELS MARKET SHARE, BY REGION, 2016(%)
FIGURE 20. U.S. BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 21. CANADA BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 22. MEXICO BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 23. UK BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 24. GERMANY BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 25. FRANCE BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 27. REST OF EUROPE BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 28. CHINA BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 29. INDIA BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 30. AUSTRALIA BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 31. REST OF ASIA-PACIFIC BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 32. LATIN AMERICA BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 33. MIDDLE EAST BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 34. AFRICA BEACH HOTELS MARKET, 2016-2023 ($MILLION)
FIGURE 35. ITC LIMITED: REVENUE, 2014-2016 ($MILLION)
FIGURE 36. FOUR SEASONS HOLDINGS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 37. FOUR SEASONS HOLDINGS INC.: REVENUE SHARE BY SEGMENT, 2016 ($MILLION)
FIGURE 38. FOUR SEASONS HOLDINGS INC.: REVENUE SHARE BY REGION, 2016 ($MILLION)
FIGURE 39. IHG (INTERCONTINENTAL HOTELS GROUP PLC): REVENUE, 2013-2015 ($MILLION)
FIGURE 40. IHG (INTERCONTINENTAL HOTELS GROUP PLC): REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 41. HYATT HOTELS CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 42. ACCOR SA: REVENUE, 2014-2016 ($MILLION)
FIGURE 43. ACCOR SA: REVENUE SHARE BY SEGMENT, 2016 ($MILLION)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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