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Hotels, Resorts, and Cruise Lines Market Size, Share & Trends Analysis Report by Type (Hotels, Resorts, Cruise Lines), by Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), and Segment Forecasts, 2022-2030

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    Report

  • 80 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5648092
The global hotels, resorts, and cruise lines market size was estimated to reach USD 2,214.0 billion in 2030 and is expected to grow at a CAGR of 17.4% from 2022 to 2030, according to this report. The growing trend of travel and tourism and the use of hotels, resorts, and cruise lines by gen z and, millennials to achieve a staying experience that is of top grade is expected to drive the industry’s growth. The growing number of leisure trips taken by working professionals for a vacation to release stress and enjoy their vacation results in the growing popularity of hotels, resorts, and cruises is further expected to propel the growth.

The hotel and resort industry is directly associated with the travel and tourism industry and gets directly impacted. With the growing travel and tourism industry, the hotels and resorts industry is also growing. The increasing number of international and domestic business as well as vacation trips is further boosting the market growth in the forthcoming years. The providence of facility of security and safety by hotels and resorts is another factor surging the usage rage of hotels and rates. In addition, the growing number of global events including expos, sports tourism, etc is further anticipated to fuel market expansion.

The COVID-19 pandemic negatively impacted the market significantly due to restrictions such as mobility, social gatherings, and others. Various guidelines and regulations were introduced by the government to stop the surge of the deadly and highly contagious disease. Due to these various government guidelines, the arrival of tourists fell and the number of cruise passengers also decreased all across the globe. Moreover, a high number of the population is employed by the hotel, resort, and cruise industry and as a result of the pandemic, this number of people lost their job. Thus the market was highly impacted. However, as the restrictions were uplifted the industry started to operate fully and is expected to grow considerably.

The hotels segment contributed significantly to the global market in 2021. Hotels provide a high-grade experience to the consumers as a result of which they are preferred over other lodging options thus driving the segment growth. The rising activities of travel and tourism are another factor fueling the segment growth. In addition, advantages such as the easy process of reservation, safe and easy stay, security, and others are some of the prominent factors that shift the focus of consumers to hotels over other options thus propelling the growth of the segment in the forthcoming years.

Major industry players include Marriott International, Inc.; Wyndham Hotel Group, LLC.; Hilton Worldwide Holdings Inc.; InterContinental Hotels Group PLC; Hyatt Hotels Corporation; Host Hotels & Resorts Inc.; Huazhu Hotels Group Ltd; Carnival Corporation & plc; Royal Caribbean Group; Norwegian Cruise Line Holdings Ltd. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, and others to gain more market share.

Hotels, Resorts, And Cruise Lines Market Report Highlights

  • Asia Pacific is expected to grow at the fastest CAGR of 18.0% from 2022 to 2030. The rising investment by the regional government in the development of the travel and tourism industry is expected to boost the growth of the regional market
  • The resorts segment is expected to expand at a substantial CAGR of 17.1% over the forecast period. Factors such as the growing number of luxury and leisure trips to obtain a break from pressure, stress, and hectic work schedule are anticipated to contribute to the growth of the segment
  • The cruise lines segment is expected to grow at a considerable CAGR of 15.9% over the forecast period. This growth is attributed to the rising popularity of cruise lines among vacationers and the presence of players providing a high number of intercontinental trips is attracting the targeted population hence driving the growth of the segment


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Frequently Asked Questions about the Global Hotels, Resorts, And Cruise Lines Market

What is the estimated value of the Global Hotels, Resorts, And Cruise Lines Market?

The Global Hotels, Resorts, And Cruise Lines Market was estimated to be valued at $601.1 Billion in 2022.

What is the growth rate of the Global Hotels, Resorts, And Cruise Lines Market?

The growth rate of the Global Hotels, Resorts, And Cruise Lines Market is 17.4%, with an estimated value of $2214 Billion by 2030.

What is the forecasted size of the Global Hotels, Resorts, And Cruise Lines Market?

The Global Hotels, Resorts, And Cruise Lines Market is estimated to be worth $2214 Billion by 2030.

Who are the key companies in the Global Hotels, Resorts, And Cruise Lines Market?

Key companies in the Global Hotels, Resorts, And Cruise Lines Market include Marriott International, Inc., Wyndham Hotel Group, LLC., Hilton Worldwide Holdings Inc., InterContinental Hotels Group PLC, Hyatt Hotels Corporation, Host Hotels & Resorts Inc., Huazhu Hotels Group Ltd, Carnival Corporation & plc and Norwegian Cruise Line Holdings Ltd..

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Type Outlook
2.3. Regional Outlook
Chapter 3. Hotels, Resorts, & Cruise Lines Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Hotels, Resorts, & Cruise Lines Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Hotels, resorts, & Cruise Lines Market
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Type Adoption
4.5. Observations & Recommendations
Chapter 5. Hotels, Resorts, & Cruise Lines Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2021 & 2030
5.2. Hotels
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. Resorts
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.4. Cruise Lines
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Hotels, Resorts, & Cruise Lines Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2021 & 2030
6.2. North America
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.2.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.2.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.2.4. Canada
6.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.2.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.2.5. Mexico
6.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.2.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.3. Europe
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.3.4. Italy
6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.3.5. U.K.
6.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.3.6. France
6.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.3.7. Spain
6.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.4.3. China
6.4.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.4.4. Japan
6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.4.5. India
6.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.4.6. Australia
6.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.4.7. Indonesia
6.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.4.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.5.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
6.6.3. South Africa
6.6.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.6.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Billion)
Chapter 7. Competitive Analysis
7.1. Key Global Players, Recent Developments & Their Impact on the Industry
7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
7.3.1. Key Company Market Share Analysis, 2021
Chapter 8. Company Profiles
8.1. Marriott International, Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Type Benchmarking
8.1.4. Strategic Initiatives
8.2. Wyndham Hotel Group, LLC.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Type Benchmarking
8.2.4. Strategic Initiatives
8.3. Hilton Worldwide Holdings Inc.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Type Benchmarking
8.3.4. Strategic Initiatives
8.4. InterContinental Hotels Group PLC
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Type Benchmarking
8.4.4. Strategic Initiatives
8.5. Hyatt Hotels Corporation
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Type Benchmarking
8.5.4. Strategic Initiatives
8.6. Host Hotels & Resorts Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Type Benchmarking
8.6.4. Strategic Initiatives
8.7. Huazhu Hotels Group Ltd
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Type Benchmarking
8.7.4. Strategic Initiatives
8.8. Carnival Corporation & plc
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Type Benchmarking
8.8.4. Strategic Initiatives
8.9. Royal Caribbean Group
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Type Benchmarking
8.9.4. Strategic Initiatives
8.10. Norwegian Cruise Line Holdings Ltd.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Type Benchmarking
8.10.4. Strategic Initiatives
List of Tables
1. Hotels, resorts, & cruise lines market - key market driver analysis
2. Hotels, resorts, & cruise lines market - key market restraint analysis
3. Global hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
4. Global resorts hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
5. Global cruise lines hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
6. Global hotels, resorts, & cruise lines market estimates and forecast, By Region 2017 - 2030 (USD Billion)
7. Global hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
8. North America hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
9. North America hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
10. U.S. hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
11. U.S. hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
12. Canada hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
13. Canada hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
14. Mexico hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
15. Mexico hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
16. Europe hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
17. Europe hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
18. Germany hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
19. Germany hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
20. Italy hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
21. Italy hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
22. U.K. hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
23. U.K. hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
24. France hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
25. France hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
26. Spain hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
27. Spain hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
28. Asia Pacific hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
29. Asia Pacific hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
30. China hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
31. China hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
32. Japan hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
33. Japan hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
34. India hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
35. India hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
36. Australia hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
37. Australia hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
38. Indonesia hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
39. Indonesia hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
40. Central & South America hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
41. Central & South America hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
42. Brazil hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
43. Brazil hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
44. Middle East & Africa hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
45. Middle East & Africa hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
46. South Africa hotels, resorts, & cruise lines market estimates and forecast, 2017 - 2030 (USD Billion)
47. South Africa hotels, resorts, & cruise lines market estimates and forecast by type, 2017 - 2030 (USD Billion)
48. Company Categorization
List of Figures
1. Hotels, resorts, & cruise lines market snapshot
2. Hotels, resorts, & cruise lines market segmentation & scope
3. Hotels, resorts, & cruise lines market penetration & growth prospect mapping
4. Hotels, resorts, & cruise lines market value chain analysis
5. Hotels, resorts, & cruise lines market dynamics
6. Hotels, resorts, & cruise lines market porter's analysis
7. Hotels, resorts, & cruise lines market: Type movement analysis
8. Hotels, resorts, & cruise lines market: Regional movement analysis

Companies Mentioned

  • Marriott International, Inc.
  • Wyndham Hotel Group, LLC.
  • Hilton Worldwide Holdings Inc.
  • InterContinental Hotels Group PLC
  • Hyatt Hotels Corporation
  • Host Hotels & Resorts Inc.
  • Huazhu Hotels Group Ltd
  • Carnival Corporation & plc
  • Royal Caribbean Group
  • Norwegian Cruise Line Holdings Ltd.

Methodology

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