Beach Hotels Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Service Type and Occupants : Global Opportunity Analysis and Industry Forecast, 2022–2031

Beach Hotels Market Research, 2031

The global beach hotels market size was valued at $121,202.6 million in 2021, and is projected to reach $215,404.3 million by 2031, registering a CAGR of 4.6% from 2022 to 2031. Beach hotels are hotels located on or near the seaside or have a view of the sea. Several beach resorts provide travelers with private beaches as well as elegant lodging alternatives. Beach hotels provide a variety of activities such as hiking and surfing, water sports, and bicycling and facilities, such as physical fitness spa services, and so are quite popular among couples. One of the most important advantages of beach resorts is it provides mental relaxation. Vacationers preferring tranquil settings over congested ones has raised the demand for beach hotels.

Increase in per capita income in emerging nations, rise in people's purchasing power, surge in the tendency to travel for holiday, and various discounts given on online booking are projected to fuel market expansion during the beach hotels forecast period.

The beach hotels market is segmented on the basis of type, service type, occupants, and region. On the basis of type, the market is segmented into budget, standard, and premium. By service type, the market is segmented into accommodation, food & beverage, and others. On the basis of occupants, the market is segmented into solo and group. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Sweden, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

On the basis of type, the standard segment gained a major share in the global beach hotels market in 2021 and is expected to sustain its market share during the forecast period. The standard segment was valued at $62,569.4 million in 2021 and is expected to reach $108,853.2 million by 2031, with a CAGR of 4.3%. The growth of this segment is due to the rapid increase of global consumers going for vacations and trips. Standard hotels are the most common type of hotel chosen by consumers as they offer appropriate services at a fair price.

On the basis of service type, the accommodation segment was valued at $63,306.9 million in 2021 and is expected to reach $108,863.3 million by 2031, with a CAGR of 4.2%. As consumers prefer to eat outside at local foodservice joints instead of the hotel they stay in, accommodation is therefore the most common factor to consider while choosing a hotel for vacation. On the basis of occupants, the group segment was valued at $93,019.5 million in 2021and is projected to reach $162,273.8 million by 2031, registering a CAGR of 4.4%. Consumers prefer to go vacations with group rather than solo. Travelling in a group offers good company, and moreover, hotels offer lucrative discount options to group travelers than solo occupancy.

Region-wise, Europe dominated the beach hotels market in 2021, and is expected to be dominant during the forecast period, as a higher percentage of population prefers to go for vacation and visit the European countries.

According to the global beach hotels market analysis, the market players have adopted various developmental strategies to expand their beach hotels market share, increase profitability, and remain competitive in the market. The key players profiled in this report include, Accor S.A, Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, ITC Ltd., Marriott International, Inc., Omni Hotels & Resorts, Radisson Hospitality, Inc., Rancho La Puerta Inc., and The Indian Hotels Company Limited.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current beach hotels market trends, estimations, and dynamics of the market size from 2022-2031 to identify the prevailing opportunities.
• The Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis along with market size and segmentation assist to determine the prevailing beach hotels market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the beach hotels market. 
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the beach hotels industry.