Press release
Floating Hotels Market Overview, Outlook, Size, Share, Demand 2023-2032
Floating Hotels Market
The Business Research Company's Floating Hotels Global Market Report 2023 identifies increasing demand for cruise tourism as the major driver for the Floating Hotels market's growth in the forecast period. Cruise tourism refers to the industry and practice of traveling on cruise ships for leisure, recreation, and tourism purposes. Floating hotels are a unique and exciting concept for cruise tourism, offering a range of benefits and possibilities, such as extended stay accommodation, expedition base camps, and event venues.
The global floating hotels market is expected to grow from $4.17 billion in 2022 to $4.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The floating hotels market is expected to reach $5.97 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the Floating Hotels market are Marriott International Inc., Hilton Worldwide Holdings Inc., Four Seasons Hotels Ltd., Accor Group, The Ascott Limited, Karisma Hotels & Resorts.
A key trend in the Floating Hotels market includes solar-powered floating hotels. Solar-powered floating hotels are accommodation entirely powered by solar energy and float on the water's surface. Major companies operating in the floating hotels market are focused on developing innovative solar-powered hotels to sustain their position in the market. For instance, in 2021, Mantis Collection., a South Africa-based property management company, launched the Kivu Queen uBuranga, a solar-powered, motorized yacht floating hotel. It has advanced waste management and heating systems, making it a sustainable and environmentally friendly option for travelers.
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The Floating Hotels market is segmented -
• By Room Type: Single Occupancy, Double Occupancy
• By Price Range: Premium, Mid, Low
• By Booking Channel: Phone Booking, Online Booking, In-Person Booking
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Floating Hotels market.
The Business Research Company's "Global Floating Hotels Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Floating Hotels Market Include:
1. Executive Summary
2. Floating Hotels Market Characteristics
3. Floating Hotels Market Trends And Strategies
4. Floating Hotels Market - Macro Economic Scenario
5. Global Floating Hotels Market Drivers and Restraints
………………………………………………………………….
32. Global Floating Hotels Market Competitive Benchmarking
33. Global Floating Hotels Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Floating Hotels Market
35. Floating Hotels Market Future Outlook and Potential Analysis
36. Appendix
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