The Rotels market is estimated to reach US$ 22 Billion in 2022. As per the report, sales are forecast to increase at a robust 11.6% CAGR, with the market valuation reaching US$ 79.9 Billion by 2032.
Travelers all around the world are always looking for something new and interesting to feed their unceasing desire of wanderlust. Searching for good place to stay along with traveling often makes the tour hectic for the travelers. This scenario is taken care by just opting for a rotel suitable for traveler’s route.
Once they have decided the type of rotel according to their wish, the only job left for the travelers is to enjoy their journey without any extra complications that might add on when travelling individually or when the travel and accommodation has to be operated separately.
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Rotels also offer exciting tour packages with luxurious experience which is something every traveler craves for. These travel tours often comprise of pilgrim routes, routes that have historical and cultural importance and also the routes with heart melting scenic views.
In addition to this, there are several emerging companies who are willing to have a share of this market. Hence, the promotion of these new hotels on wheels is happening on a great pace gaining the attention of tourists. These new companies are taking rotel concept on next level by addition of new routes of travel and world class cuisine offered on board.
Key Takeaways from the Rotel Market Study
- Germany followed by India dominated the market and held the largest revenue share of in 2021. Germany, India and France are the key markets for Rotel globally.
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- In terms of booking channel, online booking segment is estimated to account for the relatively highest value share in the Rotel market as this mode of booking is very convenient and various discounts and offers by the agencies encourage tourist to opt for online mode of booking.
- In terms of vehicle type, railway segment leads in terms of market share as there are lot of options and traveling by railway provides more comfort and luxury.
- In terms of tourist type, domestic segment dominated the Rotel market in 2021, as travellers are more familiar with the rules, laws and tax policies pertaining in their region.
- In terms of age group, 26 to 35 age segment dominated the market, as they are energetic, inquisitive, and adventurous, with a positive attitude toward indulging in and exploring new places, as well as having a general understanding of their respective culture and theme.
Key Players
- Das Rollende Hotel
- Truck Surf Hotel
- Radisson Blue
- Georg Höltl GmbH & Co.KG (Rotel Tours)
- Audley Travel Group Limited
- Palace on Wheels
- Midnight Trains
Rotel Market by Category
By Vehicle Type Rotel Market is segmented as:
- Railway
- Bus
- Van
By Booking Channel Rotel Market is segmented as:
- Phone Booking
- Online Booking
- In-person Booking
By Tourists Type, Rotel Market is segmented as:
- Domestic
- International
By Tour Type, Rotel Market is segmented as:
- Independent Traveler
- Tour Groups
- Package Traveler
By Age Group, Rotel Market is segmented as:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46- 55 Years
- 56-65 Years
- 66-75 Years
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