A recent report published by Infinium Global Research on beach hotels market provides in-depth analysis of segments and sub-segments in the global as well as regional beach hotels market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional beach hotels market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global beach hotels market. According to the report, the global beach hotels market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
Major players in the beach hotels market are focusing on mergers and acquisitions to expand their business. For instance, in 2018, AccorHotels signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels and Resorts. Mövenpick Hotels and Resorts is existing in 27 countries with a footprint of 84 hotels. Also, in 2018, Wyndham Hotels & Resorts acquired La Quinta Holding’s hotel franchising and hotel management business.
The rising preferences for traveling to peaceful areas drive the growth of the beach hotels market. The increasing number of destination weddings near beach areas contribute to the growth of beach hotels. Factors such as rising disposable income, enhanced standard of living, and availability of discounts on online bookings stimulate the growth of the beach hotels market. Nowadays people are often choosing beach destinations for holiday traveling with family and friends. The rising travel and tourism industry boosts the growth of the beach hotels market. Often the demand for beach hotels is high during Christmas and New Year. On the other hand, high costs associated with the stays at beach hotels restraints the growth of the beach hotels market. Moreover, rising investment in research and development to innovate new attractive infrastructure creates new opportunities for the growth of the beach hotels market.
Geographically, the global beach hotels market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region dominates the global beach hotels market. The growing tourism industry in the Asia-Pacific region promotes the growth of the beach hotels market in the Asia-Pacific region. North America is anticipated to grow in the global beach hotels market with a healthy CAGR over the forecast period. The increasing demand for scuba diving and cruise trips in North America contribute to the growth of the beach hotels market. Europe is also growing in the global beach hotels market.
The report on global beach hotels market covers segments such as hotel type, occupancy, and service type. On the basis of hotel type, the sub-markets include standard, premium, and budget. On the basis of occupancy, the sub-markets include group occupancy, and solo occupancy. On the basis of service type, the sub-markets include food and beverage, SPA, and accommodation.
The report provides profiles of the companies in the market such as The Indian Hotels Company Limited, Marriott International, Accor S.A., Shangri-La International Hotel Management Limited, Hyatt Hotels Corporation, ITC Limited, Four Seasons Hotels and Resorts, InterContinental Hotels Group Plc, Hilton Worldwide Holdings Inc., Wyndham Destinations, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of beach hotels market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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