Global Hotels, Resorts & Cruise Line Market

Hotels, Resorts & Cruise Line Market Size, Share, Growth Analysis, By Type(Hotel, Resorts, Cruise Lines), By Sale Channels(Online, Offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25O2019 | Region: Global | Published Date: February, 2024
Pages: 223 | Tables: 62 | Figures: 77

Hotels, Resorts & Cruise Line Market Insights

Hotels, Resorts & Cruise Line Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 17.30% during the forecast period (2025-2032).

The hotel, resorts & cruise line industry's expansion is anticipated to be fuelled by the expanding travel and tourism trend as well as gen z and millennials' utilization of hotels, resorts, and cruise lines to obtain a top-notch lodging experience. The popularity of hotels, resorts, and cruises is also anticipated to increase as a result of the increasing number of leisure excursions taken by working people on vacation to unwind and enjoy themselves. 

The hotels and resorts sector are expanding together with the travel and tourism sector. Further aiding the economy is the rise in domestic and international business travel as well as leisure travel. Around 710 million international visitors are thought to have visited Europe, according to data released by the United Nations World Tourism Association. For instance, according to Trading Economics, India's disposable income rose to USD 2,937,239.52 million from USD 2,818,144.54 million the year prior. Another element influencing hotel usage and pricing is the availability of security and safety amenities at hotels and resorts. A second factor that is projected to fuel market growth is the increase in the number of international events, such as expos and sports tourism. In addition, it is anticipated that the introduction of innovation and change, such as the fusion of hotel and resort sustainability and hygiene, would open up profitable chances for the market's expansion.

US Hotels, Resorts & Cruise Line Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Hotels, Resorts & Cruise Line Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 17.30% during the forecast period (2025-2032).

Market participants from around the world are using product innovation techniques, which has led to market fragmentation and intense competition. In order to strengthen their position in the market, the major firms are taking a number of actions. These actions involve techniques like joint ventures, mergers and acquisitions, the creation and introduction of new products, international expansion, and others. 'Marriott International (US)', 'Hilton Worldwide Holdings Inc. (US)', 'InterContinental Hotels Group (UK)', 'AccorHotels (France)', 'Wyndham Destinations (US)', 'Hyatt Hotels Corporation (US)', 'Royal Caribbean Group (US)', 'Carnival Corporation (US)', 'Norwegian Cruise Line Holdings Ltd. (US)', 'MSC Cruises (Switzerland)', 'Princess Cruises (US)', 'Costa Crociere (Italy)', 'TUI Group (Germany)', 'Meliá Hotels International (Spain)', 'IHG Hotels & Resorts (UK)', 'Choice Hotels International, Inc. (US)', 'Four Seasons Hotels and Resorts (Canada)', 'Mandarin Oriental Hotel Group (Hong Kong)', 'Shangri-La Hotels and Resorts (Hong Kong)', 'The Ritz-Carlton Hotel Company (US)', 'Rosewood Hotels & Resorts (US)', 'Aman Resorts (Singapore)'

As consumers place increasing importance on experiences over material possessions, the hospitality industry has responded by offering unique and memorable experiences that go beyond traditional hotel or cruise offerings. Hotels and resorts are investing in experiences such as spa treatments, gourmet dining, adventure activities, and cultural immersion programs, while cruise lines are offering onboard entertainment, shore excursions, and destination-focused itineraries. These experiences are designed to create lasting memories for guests and differentiate brands in an increasingly competitive marketplace.

One of the current market trends is the growing demand for luxury travel. Many cruise lines are investing in high-end amenities and services, such as private balconies, gourmet dining options, and butler service, to attract affluent travellers who are willing to pay a premium for a luxury experience.

With a market share of over 35% in 2022 and projections for a strong CAGR of 17.4% over the next few years, North America is expected to continue to dominate the global hotels, resorts, and cruise lines business. The existence of the most hotels, resorts, and a developed cruise line sector in the area is what is responsible for the region's supremacy and expansion.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Hotels, Resorts & Cruise Line Market

Report ID: SQMIG25O2019

$5,300
BUY NOW GET FREE SAMPLE