Press release
Resort Planning Market on Track for Strong Growth, Estimated to Grow at 7.3% CAGR Through 2029
Resort Planning Market
Resort Planning Market Size Growth Forecast: What to Expect by 2025?
The dimensions of the resort planning market have significantly expanded in the last few years. A hike is expected from $201.68 billion in 2024 to a robust $211.95 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 5.1%. The expansion during the historical period is primarily due to the boom in the tourism industry, transformation in consumer tastes and preferences, eco-conservation and sustainable tourism efforts, governmental schemes and tourism guidelines, along with the escalation of the global economy.
How Will the Resort Planning Market Size Evolve and Grow by 2029?
The market size for resort planning is predicted to exhibit robust expansion in the forthcoming years, escalating to a sum of $280.71 billion in 2029 at a 7.3% compound annual growth rate (CAGR). The burgeoning growth throughout the forecast period can be linked to the burgeoning luxury and wellness tourism, eco-tourism development, pursuit for distinctive experiences, digital marketing and online booking surges, crisis recuperation and robustness. The forecast period reflects several major trends such as cultural integration and local community interaction, luxurious sustainability and eco-lodges, incorporation of ecological intelligent design, comprehensive event and marriage venues, along with health retreats and specialty programs.
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What Drivers Are Propelling the Growth of Resort Planning Market Forward?
The surge in global tourism is predicted to stimulate the expansion of the resort planning market. Tourism, being a social, cultural, and economic event, engages people traveling to foreign countries or places outside their regular environment for individual or commercial/professional objectives. The world experienced an enormous uptick in tourism over the past ten years due to the rise in disposable income, ease of accessing different places, the desire to discover, and more. The global tourism surge will necessitate the creation of advanced yet sustainable resorts, thereby increasing the need for resort planning, which enriches the tourist industry by providing tourists with a luxury experience. For example, the United Nations World Tourism Organization (UNWTO) reported that roughly 790 million tourists went overseas in the initial seven months of 2024, showing an 11% rise compared with 2023. Thus, the growth in global tourism is foreseen to amplify the demand for resort planning services throughout the projected period.
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Which Emerging Trends Are Transforming the Resort Planning Market in 2025?
Forming strategic alliances is a growing trend in the resort planning sector. Key players in this market are concentrating on creating partnerships to unlock novel possibilities in planning and constructing sophisticated resorts by pooling their individual skills, resources, and technology. Such strategic collaborations can also aid businesses in solidifying their market position and branching out into new sectors. For example, in July 2024, Marriott International, a hospitality firm from the US, entered into a partnership with Eagle Hills, a private real estate investment and development firm from the UAE. The objective of this collaboration was to introduce the Ritz-Carlton Reserve on Ramhan Island, a critical augment to the luxury hospitality scene in the Arabian Gulf. An ultimate aim is to cultivate a unique resort focusing on wellness and sustainability. Eagle Hills is an Abu Dhabi-based private real estate investment and development company.
What Are the Key Segments in the Resort Planning Market?
The resort planning market covered in this report is segmented -
1) By Type: Overall Planning, Partial Planning
2) By Application: Urban, Rural Areas
3) By End-User: Large Enterprises, Investment Agency
Subsegments:
1) By Overall Planning: Master Planning, Site Planning, Environmental Impact Assessment
2) By Partial Planning: Landscape Design, Facility Planning, Infrastructure Planning
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Who Are the Key Players Shaping the Resort Planning Market's Competitive Landscape?
Major companies operating in the resort planning market include Gensler Jr. & Associates Inc., Hellmuth Obata & Kassabaum Inc., Nikken Sekkei Komu Co Ltd., Leo A. Daly Company, EDSA Inc., CallisonRTKL Inc., Cooper Carry, Forrec Ltd., SB Architects Ltd., HKS Inc., Wilson Associates, Hirsch Bedner Associates, MHBC Planning, Urban Design & Landscape Architecture, Yabu Pushelberg, Humphreys & Partners Architects, M2Leisure, Nomadic Resorts, VITA Planning and Landscape Architecture, Affiniti Architects PA, Wimberly Allison Tong & Goo, International Place Design LLC, Smallwood Contracts Ltd., Ankenman Marchand Architects, Urban Resort Concepts Ltd., LandRun Studio LLC, Arcmax Architect, Resort Management Company, SE Group Ltd., WATG Urban, M. Arthur Gensler Jr. & Associates Inc., DiLeonardo International
What Geographic Markets Are Powering Growth in the Resort Planning Market?
Western Europe was the largest region in the resort planning market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the resort planning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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