Global Beach Hotels Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Beach Hotels Market 2021 (Includes Business Impact of COVID-19)
Global Beach Hotels Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global beach hotels market report has been segmented as per hotel type, service type, occupants, and region.
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The global Beach Hotels market size was valued at USD$185.22 million in 2020 and is projected to reach USD $253.79 million by 2030, and is anticipated to expand at a CAGR of 3.20% over the forecast period from 2020 to 2030.


Global Beach Hotels Market: Overview


Beach hotels are seaside or sea-facing hotels or hotels on the beaches. Beach hotels are well-known for very comfortable and satisfied services. These hotels are luxurious and popular for holiday destination. In addition, beach hotels offer various activities such as cruise trips, surfing and hiking, sunbathing, scuba diving, windsurfing etc. Also, beach hotels offer various facilities such as, spa and gym, rooftop bar, swimming pool, and some others that provides exotic experience to the tourist.


Global Beach Hotels Market: Dynamics


Growing travel and tourism sector, rising per capita income, and changing lifestyle of individuals across the globe are key factors expected to boost growth of the global beach hotels market. In addition, increasing preference for peaceful places during travel and growing trend for travel in vacation among individuals are major factors expected to support growth of the target market over the forecast period.

Increasing internet penetration and rising preference for online bookings across the globe are other major factors driving growth of the target market during the forecast period. In addition, increasing preference for long weekend with family or family holiday among individuals across the globe is another key factor expected to fuel growth of the global market in the next 10 years.

Furthermore, increasing number of destination weddings and increasing discount offers from beach hotels for holiday packages are other factors expected to proliferate growth of the global market over the forecast period.

However, high cost associated with beach hotels stays and packages and increasing stringent regulations related with water and soil pollution related associated with beach and beach hotels are key factors expected to hamper growth of the global beach hotels market.


Global Beach Hotels Market: Segment Analysis


Among type segment, the premium segment is expected to account for significant revenue share in the global market, owing to increasing demand for luxury services and various advanced facilities among tourists across the globe.

Growing consumer preference towards the beach side accommodation along with other facilities is a primary factor driving revenue growth of the accommodation segment among service type segment.


Global Beach Hotels Market: Region Analysis


The market in Asia Pacific is expected to dominate in terms of revenue in the global market followed by market in the Europe and are anticipated to continue their dominance over the forecast period. Increasing spending capacity of individuals, increasing travel destinations, and increasing government initiatives for expansion of travel and tourism sector in various countries such as India, Thailand, New Zealand, France, and Australia are factors supporting growth of the target market in these region. Market in North America is expected to register a highest growth in the global market, owing to rising demand for various beach activities such as sunbathing, cruise trips, windsurfing, and scuba diving among tourist those visit countries such as US and Canada. Markets in Latin America, and Middle East & Africa are expected to witness average growth in terms of revenue, owing to rising travel and tourism sector in countries such as Saudi Arabia and Brazil in these regions.

Global Beach Hotels Market Segmentation:

Segmentation by Hotel Type:

  
Standard
  
Premium
  
Budget

Segmentation by Service Type:

  
Food and Beverage
  
Accommodation
  
SPA

Segmentation by Occupants:

  
Group Occupancy
  
Solo Occupancy


Key Market Players included in the report:


  
Accor S.A.
  
Belmond Maroma Resort & Spa
  
Capri Laguna,
  
Casa Laguna Hotel & Spa.
  
Four Seasons Hotels and Resorts
  
Hilton Worldwide Holdings Inc.
  
Hyatt Hotels Corporation,
  
IHG (InterContinental Hotels Group PLC)
  
InterContinental Hotels Group Plc
  
ITC Limited
  
Jade Mountain
  
Laguna Beach House
  
Marriott International, Inc.
  
Montage Laguna Beach
  
Shangri-La International Hotel Management Limited
  
Sunset Key Guest Cottages
  
The Indian Hotels Company Limited
  
The Oberoi Group
  
Wyndham Destinations
  
Wyndham Worldwide Corporation


Below are the key development related to Beach Hotels Market in 2020 and 2021.


April 2021: Renowned international hotelier acquires Cooden Beach site six months after Henley hotel takeover. Source

April 2021: Sandals Resorts International Announces Plans For Three New Hotels In Jamaica Acquisition of Two Iconic Properties and the Purchase of Prime Beachfront Land Sets Stage for New Standard of Excellence and Brands Continued Investment in Jamaica. Signaling the brands ongoing confidence in the destination, Sandals Resorts International (SRI), the Caribbeans leading luxury all-inclusive resort company, will add three new hotels to its Jamaica roster. According to SRI Executive Chairman Adam Stewart, Sandals Resorts will transform two all-inclusive resorts in Jamaica acquired last year - the former Jewel Dunns River Beach Resort & Spa in Ocho Rios and Jewel Runaway Bay Beach Resort & Waterpark plus a prime parcel of beachfront land adjacent to the Ocho Rios resort, into three distinct experiences under the Sandals Resorts and Beaches Resorts brands. The expansion plans return one of Jamaicas most storied resorts, the Dunns River property in Ocho Rios, back to the Sandals family as Sandals Dunns River, the same moniker as when it was originally added to the portfolio in 1990. Source

November 2020: Eldridge Acquires the Hudson Hotel and Delano South Beach from sbe.Cain International, Eldridge’s real estate investment firm, has been appointed to lead a strategic repositioning of both assets Eldridge, a holding company with a unique network of businesses across finance, technology, real estate, and entertainment, has completed the acquisition of the Hudson Hotel and Delano South Beach, located in New York City and Miami, respectively. Cain International, Eldridge’s real estate investment firm, has been appointed to lead a strategic repositioning of both assets. Source

February 2020: JV acquires Miami Beach, Fla., hotel for $120M. A joint venture between King Street Real Estate GP, Westdale Properties and Cedar Capital Partners acquired the Shelborne South Beach Hotel in Miami Beach, Fla. The property offers 275 accommodations, including 200 hotel guestrooms. The hotel is located in the heart of Miami Beach’s art deco district. It features more than 30,000 square feet of event space, three food-and-beverage venues, an outdoor heated pool and a 24-hour fitness center. Opened in 1941, it was originally designed by Igor Polevitzky and later updated and expanded by Morris Lapidus. Source