The Four Seasons Resort Maldives at Landaa Giraavaru is an environmentally friendly resort that employs solar electricity and has a coral-rejuvenation programme to protect the local marine environment
The revenue of beach hotels across the world will grow rapidly in the next 10 years, rising from USD 208 billion in 2023 to USD 326 billion by 2033, says a recent report by global market research firm Future Market Insights (FMI).
In a press statement, FMI says that the growth will be driven by factors such as increasing tourism, rising disposable incomes and growth in the number of international travellers. Additionally, development of new infrastructure and facilities at beach destinations is also expected to boost the growth of the beach hotel market.
FMI says technological advancements are also driving the market globally. The growing popularity of beach hotels is attributable to visitors’ preference for tranquil settings over busy regions. Increases in per capita income in emerging countries, increased individual buying power, a spike in vacation travel and different discounts given on internet booking are likely to promote industry expansion.
The firm adds that luxury beach hotels in Ravello, Italy, such as the Aman Tokyo and the Belmond Hotel Caruso, are capitalising on the rising demand for luxury vacation experiences by providing high-end facilities and services.
According to the statement, wellness retreats and health-conscious travel emerge as a key trend in the beach hotels market globally. Many guests are becoming more environmentally concerned, and they seek out hotels that use sustainable techniques. The Four Seasons Resort Maldives at Landaa Giraavaru is an environmentally friendly resort that employs solar electricity and has a coral-rejuvenation programme to protect the local marine environment. Guests at Club Med Punta Cana may participate in a variety of sports like sailing, windsurfing, and snorkelling. The premium facilities of the One&Only Le Saint Géran in Mauritius include private beaches and butler service. Many beach hotels in countries such as United States or Australia, are now promoting staycation packages, targeting domestic travellers.
The statement adds that beach hotels are quite popular with honeymoon couples since they include a variety of activities like hiking and surfing, water sports, and bicycle, as well as luxuries such as physical fitness and spa services. Mental restoration is one of the most essential benefits of beach resorts.
FMI says the beach hotel sector is a prominent and expanding industry worldwide. Expanding into new markets, such as emerging economies or underserved regions, providing guests with unique and differentiated experiences, such as eco-tourism or wellness retreats, and leveraging technology to improve guest experience and streamline operations are some potential growth opportunities for beach hotels. Furthermore, as a result of the epidemic, there is a strong demand for beach places, which might contribute to development prospects for beach hotels.
The report adds that the market for beach hotels is heavily populated by well-known international hotel brands including Marriott, Hilton, and InterContinental Hotels Group (IHG). They often own a large range of properties and provide visitors with a wide choice of services and facilities.
