Floating Hotel Market is Primarily Driven by an Increase a Tendency Toward Vacationing

The Global Floating Hotels market is projected to reach US$ 4.2 Bn in 2022. As per the report, sales are forecasted to increase at a robust 6 % CAGR.

Over the past few years, floating hotels have become increasingly popular throughout the world. These hotels are comparable to other traditional hotels in that they have all the amenities and are constructed on columns that are elevated from the water bed. The floating hotels draw a lot of tourists and are favoured by newlywed couples for their honeymoons.

Because more travellers choose peaceful riverbank locations to bustling cities, the demand for floating hotels has increased. The market is expected to develop over the course of the forecast period due to reasons such as rising buying power, the propensity for vacation travel, an increase in the population of the service class, a range of discounts, and alluring online booking deals.

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Floating Hotels Market Dynamics:

An growth in the need for vacations, an increase in the population of the service class, and the alluring discounts and bargains that floating hotels offer are the main factors driving the market for floating hotels.

The floating hotel also guarantees adventurous vacations, which are popular with families. Due to the fact that the package includes activities like swimming with dolphins and relaxing on beaches, there is a growth in demand for floating hotels all over the world. Trends in the design and infrastructure of floating hotels include hotels that are built inside of ships, portable air hotels, and other innovations.

Market Restraints:

The floating hotel’s location, which could not be the customer’s choice, is a limiting factor. The rise of the floating hotel sector is being hampered by several issues, such as high rates for essential services given that it is a high-end segment of the hotel business. Additionally, guests are prevented from staying at the same hotel often or right away since they want to sample new locations and accommodations. The location of the floating hotel is another restriction that may not be what the customer would prefer.

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Key Companies Profiled

  • Bora Bora Lagoon Resort & Spa,
  • Reef World, Aerohotel,
  • Floating & Rotating Hotel Tower,
  • Oberoi Udaivilas,
  • King Pacific Lodge,
  • Punta Caracol,
  • Dragon Inn Floating Resort
  • Conrad Maldives,
  • Soneva Gili by Six Senses,
  • Queen Mary Long Beach
  • others

Global Floating Hotels Market by Category

By Room Type: Global Floating Hotels Market is segmented as

  • Single Occupancy
  • Double Occupancy

By Price Range: Global Floating Hotels Market is segmented as

  • Economical
  • Mass
  • Premium

By Booking Channel: Global Floating Hotels Market is segmented as

  • Phone Booking
  • Online Booking
  • In-Person Booking

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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