Absolute Market Insights recent analysis of the Floating Hotel Market finds that the increasing demand in vacationing & rise in the population of the service class is expected to witness maximum growth in the Floating Hotel during the forecast period. The global Market revenue stood at a value USD 4.2 Bn in the year 2021.
Market Synopsis
Hotel constructed on riverside is a floating hotel. They are built on columns structured from water bed. Floating Hotel on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Floating Hotel Market is predicted to grow at a CAGR of roughly 6.87% during the forecast period.
- The Floating Hotel Market was estimated to be worth roughly 4.2 Bn in 2021 and is expected to reach USD 57.6 Bn by 2028; based on primary research.
- On the basis of region, Floating Hotel Market is projected to dominate worldwide.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Floating Hotel Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
The floating hotel guarantees action-packed vacations, which are typically chosen by families. The package includes activities like swimming with dolphins and relaxing on beaches, and this boosts demand for floating hotels across the world..The market for floating hotels is primarily driven by an increase a tendency toward vacationing, a rise in the population of the service class, and the attractive offers and discounts that floating hotels give.
Restraint:
There are several challenges that are impeding the expansion of the floating hotel sector, including expensive prices for important services given that it is a high-end part of the hotel industry. In addition, visitors’ desire to experience new places and accommodations prevents them from returning to the same hotel frequently or immediately. Another limitation is the floating hotel’s location, which may not be what the client would desire.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Floating Hotel Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
The global floating hotel market has been segregated into Latin America, Europe, Middle East & Africa, North America and Asia-Pacific. In terms of market share, the region of Europe holds upper hand, primarily because of presence of several reef resorts across the continent. These resorts and hotels are becoming very popular, especially among solo travellers from various parts of the globe.
List of Prominent Players in Floating Hotel:
- Dragon Inn Floating Resort
- Four Seasons Hotels Limited
- Good Hotel London
- Hilton
- OFF Paris Seine
- Punta Caracol Acqua
- Resorts World at Sentosa Pte. Ltd
- River Kwai Jungle Rafts
- Salt & Sill
- Salt & Water
- Solent Forts
- Sunborn
- The Indian Hotels Company Ltd
- The Manta Family
- The Queen Mary
- Zambezi Queen Collection
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Floating Hotel?
- How will the Floating Hotel change in the upcoming six years?
- Which application and product will take a lion’s share of the Floating Hotel?
- What is the Floating Hotel drivers and restrictions?
- What will be the CAGR and size of the Floating Hotel throughout the forecast period?
This market titled Floating Hotel will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years – 2016-2028
Base Year – 2021
Historic Years – 2016-2020
Forecast Years – 2022-2028
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Segments Covered
- Type
- Single Occupancy,
- Multi-Occupancy,
- VIP Occupancy
- End User
- Individuals,
- Businesses
- Booking Type
- Third-Party Website,
- Company Website
- Package Type
- Customized,
- Standard
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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