The Floating Hotels Global Market Report 2023, provides comprehensive information on the floating hotels market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global floating hotels market is expected to grow from $4.17 billion in 2022 to $4.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The floating hotels market is expected to reach $5.97 billion in 2027 at a CAGR of 7.2%.
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Solar-powered floating hotels have emerged as a key trend gaining popularity in the floating hotels market. Solar-powered floating hotels are accommodation entirely powered by solar energy and float on the water's surface. Major companies operating in the floating hotels market are focused on developing innovative solar-powered hotels to sustain their position in the market. For instance, in 2021, Mantis Collection., a South Africa-based property management company, launched the Kivu Queen uBuranga, a solar-powered, motorized yacht floating hotel. It has advanced waste management and heating systems, making it a sustainable and environmentally friendly option for travelers. It includes three decks, ten cabins, a swimming pool, a hot tub, a wellness center, a restaurant, and a bar. It offers six luxury cabins, two deluxe, one VIP, and one presidential cabin.
The floating hotels market is segmented:
1) By Room Type: Single Occupancy, Double Occupancy
2) By Price Range: Premium, Mid, Low
3) By Booking Channel: Phone Booking, Online Booking, In-Person Booking
North America was the largest region in the floating hotels market in 2022.
The table of contents in TBRC’s floating hotels market report includes:
1. Executive Summary
2. Floating Hotels Market Characteristics
3. Floating Hotels Market Trends And Strategies
4. Floating Hotels Market - Macro Economic Scenario
5. Global Floating Hotels Market Size and Growth
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32. Global Floating Hotels Market Competitive Benchmarking
33. Global Floating Hotels Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Floating Hotels Market
35. Floating Hotels Market Future Outlook and Potential Analysis
36. Appendix
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