The global underwater hotels market is projected to reach US$ 11.6 billion by 2032, up from US$ 3.5 billion in 2022, progressing at a significant CAGR of 13.60% during the forecast period from 2022 to 2032.
The growth of the Underwater Hotels market was mainly driven by the increasing R&D spending across the world.
The demand for underwater hotels is surging as besides the captivating ambience they offer tourists a broad range of intense water sports activities which includes non-motorized and motorized.
Water tourism development around the world is focusing on underwater hotels. The hotel’s main construction is a plexiglass dome reinforced with concrete and steel to withstand the underwater pressures. Companies that own underwater hotels are embarking on ambitious projects. For hotels all throughout the world, they’re becoming a new passion.
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Underwater hotels are becoming increasingly popular in Dubai and Sweden. The cost of staying in an underwater hotel is high, but it is well worth it. Underwater hotels offer tourists a variety of intense water sports activities, both motorized and non-motorized, in addition to the captivating ambiance. Tourists can drive a submarine through the lagoons themselves.
Underwater hotels offer water tourism activities such as canoeing, diving, fishing, and snorkelling.
Market Leaders and their expansionary development strategies
In March 2022 – AD Ports Group continues its diversification with the acquisition of Divetech Marine Engineering Services, a UAE-based topside-subsea solutions provider that offers a range of services including installation, inspection, repair, and maintenance for ports and other underwater organizations.
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Some of the key players profiled in the study are:
The Apeiron Island Hotel (United Arab Emirates), Water Discus Hotel (United Arab Emirates), The Lifeboat Hotel (United Kingdom), The Shimao Wonderland (China), Jules’Undersea Lodge (United States), Huvafen Fushi Maldives (South Asia), Utter Inn (Sweden), The Manta Resort (East Africa), Hydropolis (Poland), Hilton (United States) and The Poseidon Underwater Resort (Oceania)
Key Segments in the Underwater Hotels Market
By Type:
- Luxury Type Underwater Hotel
- General Type Underwater Hotel
By Application:
- Business class
- Economic class
By Booking Type:
- Online booking
- Offline booking
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