Global Floating Hotels Market was value US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027 at a CAGR of XX%.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global floating hotels market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global floating hotels market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Floating hotel concept arrived from the ancient floating house tradition which was projecting in the regions where human habitations were on the river, and numerous families resided on the boat. Floating boat concept was undertaken and modernised with an impression to come up with unique, high-end experience for the guests.
Major factors that drive the market of floating hotel industry are the increase in per capita income, people becoming more environmentally friendly, growing trend of vacationing, growth in service class population, lucrative offerings and deals provided by the floating hotels. Additionally, the floating hotel assures adventure-packed holidays which is usually preferred by families, the package includes activities, for instance, swimming with the rainforests, dolphins, and lounge on the beaches, and this triggers the demand in the floating hotel industry globally.
Various innovations in the construction and infrastructure of floating hotels are a trend, some trends include portable aero hotels, hotels inside ships and etc. Restraint factor is the location of the floating hotel which may not be as per the customer’s preference.
Single occupancy segment is dominating the global floating hotels market. Single occupancy is widely used than double occupancy as of single occupancy require less cost than double occupancy. So, the single occupancy is the most cost-effective for the consumer. Single occupancy with the facility of a single bed. And also it has an attached bathroom, a small dressing table, a small bedside table, and a small writing table.
Region-wise, North American region dominated the floating hotels market globally. And floating hotel trend is expected to continue during the forecast period. The U.S. accounted for the largest revenue share in that market in 2017 since it is a financial hub also one of the most popular tourist destinations for people across the world. The Asia Pacific region is predictable to witness the highest growth rate over the forecast period.
The scope of the Global Floating Hotels Market
Global Floating Hotels Market, by Room type
• Single Occupancy
• Double Occupancy
Global Floating Hotels Market, by Price range
Global Floating Hotels Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Floating Hotels Market
• Floating and rotating hotel tower
• Conrad Maldives
• Dragon Inn
• Four Seasons
• Punta Caracol Acqua Lodge
• River Kwai Jungle Rafts
• The Queen Mary
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