About Resort hotel
A Resort Hotel which includes recreational activities and entertainment. It is a full-service lodging facility, intended primarily for vacationers and usually located in places frequented for relaxation or recreation, such as beaches, seashores, scenic or historic areas, ski parks, spas. The resort hotel is a luxury facility that is intended primarily for vacationers and is usually located near special attractions, such as beaches and seashores, scenic or historic areas, ski parks, or spas. The growing use of Resort hotel for themed weddings in developing economies such as India is booming the demand for it in the market
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Resort hotel market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Birkenhead House(South Africa), Frangipani Beach Resort (Anguilla), Victoria Falls Safari Lodge (Zambia), InterContinental Hotels Group PLC (United Kingdom), Nihi Sumba Island(Indonesia), The Brando (Tahiti), LUX South Ari Atoll (Maldives), Jumby Bay Island - an Oetker Collection Hotel(Antigua) and Four Seasons Tented Camp Golden Triangle(Thailand) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Curtain Bluff(Barbuda) and Tensing Pen (Jamaica).
Segmentation Overview
AMA Research has segmented the market of Global Resort hotel market by Type (Premium, Standard and Budget), Application (Leisure and Business) and Region.
On the basis of geography, the market of Resort hotel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Accommodation, the sub-segment i.e. High-end hotel accommodation will boost the Resort hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Occupants, the sub-segment i.e. Solo will boost the Resort hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating, the sub-segment i.e. Seasonal basis will boost the Resort hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Accommodation will boost the Resort hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing marketing strategies and use of social media
Market Growth Drivers:
Increasing sports events between countries across the globe major factor pushing the demand for Resort hotel and The increasing use of Resort hotel as a wedding location
Challenges:
The entrance of the new players and groups with good services
Restraints:
The high cost of accommodation in the resort and hotel
Opportunities:
Rise in the standard of living of people, and rise in preference for leisure travel are expected to drive the market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Resort hotel Service providers, Raw Material Suppliers and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.