Beach Hotels Market Overview:
For the global industry's Beach Hotels market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to supplement existing data, segment the market, estimate overall market size, and anticipate market size and growth rate.
Primary and secondary research is used to identify market leaders, while primary and secondary research is used to assess market revenue. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to calculate global market percentage splits, market shares, growth rates, and breakdowns, which are then compared to primary data.
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Beach Hotels Market size was valued at US$ 185.23 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 3.3% through 2021 to 2027, reaching nearly US$ 232.49 Bn.
Market Scope:
By defining and assessing market segments and predicting market size, the study aids comprehension of the Global Beach Hotels Market dynamic structure. In addition, the report includes a competitive analysis of significant firms based on pricing, financial state, application expansion ambitions, and geographical presence. The research also includes a PESTLE analysis to help shareholders prioritize their efforts and investments in the Global Beach Hotels Market.
External and internal factors that are predicted to have a positive or negative impact on enterprises have been researched, presenting decision-makers with a clear picture of the sector's future. By studying market segments and projecting Beach Hotels Market size, the study also assists in understanding the dynamic structure of the Global Beach Hotels Market. The study acts as a resource for investors by depicting the competitive analysis of prominent businesses in the Global Beach Hotels Market based on price, financial status, growth strategies, and geographical presence.
Drivers:
The demand for beach hotels is rising as more travellers choose quiet areas over crowded ones. The increase in disposable income in developing nations, the rising popularity of seaside vacations, and the discounts available when booking beach hotels online are the main factors propelling the market growth globally.
Due to travellers' preference for quiet areas over busy ones, the demand for beach hotels is increasing. During the forecast period of 2021–2027, rising purchasing power, rising per capita income in developing countries, a surge in the popularity of vacation travel, and various discounts available on online reservations are anticipated to propel market growth.
Segmentation:
The market is divided into Standard, Premium, and Budget segments depending on the Type. By 2027, the premium segment is anticipated to command the largest market shares. Luxury hotels in the premium and standard segments are rated five and four stars, respectively. One-star and unrated hotels are located in the budget segment. Due to growing demand for the variety of amenities this segment offers in the seaside area, the premium segment is anticipated to hold a significant market share in the global beach hotel market. One of the things driving up demand for premium type is the developed economies' rising standardisation of luxury lifestyles. The growth of the premium segment on the global market is primarily driven by these during the forecast period of 2021–2027.
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Key Players: The key players are
• ITC Limited
• Four Seasons Holdings Inc.
• IHG
• Hyatt Hotels Corporation,
• Marriott International, Inc.
• Shangri-La Asia Limited.
• Wyndham Worldwide Corporation
• Accor SA
• The Indian Hotels Company Limited
• Hilton Worldwide Holdings Inc.
• The Oberoi Group
• Sunset Key Guest Cottages
• Montage Laguna Beach
• Four Seasons Resort
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Regional Analysis:
An study of the Beach Hotels Market at the national level focuses on categories indicated as potentially high-growth, nations with the biggest market share, and countries with the highest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Beach Hotels Market study.
COVID-19 Impact Analysis on Beach Hotels Market: The report covers COVID-19 impact on Beach Hotels market.
Key Questions Answered in the Beach Hotels Market Report are:
- What will be the Beach Hotels market's CAGR throughout the projected period?
- Which market category emerged as the market leader in the Beach Hotels market?
- Who are the key players in the Beach Hotels market?
- How big will the Beach Hotels market be in 2027?
- Which firm had the biggest market share in the Beach Hotels market?
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