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Beach Hotels Market with Coronavirus (Covid-19) Effect Analysis | Likewise Industry is Booming Globaly with Key Players ITC Limited, Four Seasons Holdings Inc., IHG (InterContinental Hotels Group PLC), Hyatt Hotels Corporation, Marriott International

05-07-2020 07:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Beach Hotels Market

Beach Hotels Market

Beach Hotels Market size was estimated to be $163,296 million in 2016, and is projected to reach $201,359 million in 2023, growing at a CAGR of 3.2%. The substantial boom in the travel and tourism sector fosters the demand for hotel industry and substantially beach hotels market.

Beach hotels are the hotels that are positioned on or nearby the seashore or are of sea-facing. Several beach resorts offer private beaches to their tourists with luxurious stay options. These are exceptionally popular among honeymoon couples and offer different activities, which include hiking and surfing, water sports, and biking with facilities, such as physical fitness spa services. Mental rejuvenation is one of the crucial benefits of beach resorts.

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Inclination of travelers toward peaceful areas than the crowded places has increased the demand for beach hotels. Factors that are expected to drive the market growth during the forecast period include increase in per capita income in the developing countries, rise in purchasing power of people, surge in trend to travel in vacation, and different discounts offered on online booking.

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, standard, and budget.

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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. Geographically, it is categorized across North America, Europe, Asia-Pacific, and LAMEA.

Key players identified across the value chain of this report include 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 among others.

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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.

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