Product Code: PM3745
The global floating hotel market size is expected to reach USD 7,913.60 million by 2032, according to a new study by Polaris market research. The report "Floating Hotel Market Share, Size, Trends, Industry Analysis Report, By Room Type (Single Occupancy, Double Occupancy); By Price Range; By Booking Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing interest in experienced travel creates new growth potential for the floating hotel market. India has witnessed 400% growth in the experience of traveling over the past five years. Travel experiences are becoming crucial for tourists planning their visits. Thrillophilia booking trends show a rapid shift from traditional, fixed-itinerary travel to experienced and immersive travel post-pandemic. This drives the demand for floating hotels, as travelers are showing profound interest in experiencing travel to attain memorable stays aligned with breathtaking views.
Furthermore, social media creates FOMO (Feeling of Missing Out) among internet users by showcasing tour experiences through posts and stories. This benefits the floating hotel market as there will be a rise in the number of customers preferring offshore accommodation, increasing revenue generation capacity among floating hotel management in the coming years.
The wide usage of floating hotels in international events like the FIFA World Cup Qatar 2022 creates awareness among the world's population about floating hotels. Fans of football use MSC World Europe for accommodation at the time of the World Cup. This has benefited floating hotels by increasing brand image through media coverage. There will be low accommodation possibilities at international events like the World Cup. This can be replaced with the floating hotel, as it efficiently accommodates a short time for special and international events.
Moreover, economies with floating hotels boost their country's revenue by providing domestic and foreign customers with accommodation and services. This also creates employment with different skills in the region. Floating hotels have become the foremost tourist destination on weekends for working professionals as they provide unique experiences in the water. This factor drives the growth and demand for accommodation in floating hotels during the study period.
Floating Hotel Market Report Highlights
Double Occupancy segment will grow at rapid pace, due to its cost effectiveness.
Premium segment held the largest share, owing to its unique dwelling atmosphere.
Online segment is projected to experience a larger revenue share due to the ease of booking tickets for domestic and international tourists.
Europe is projected will grow at rapid pace, owing to rising concern on the housing crisis.
North America held the largest share, owing to the growing acquisitions and partnerships among international players.
Key players include Floatel International, Offshore Floating Hotels, Finnish Archipelago Hotels, Water Discus Hotel & Conrad Maldives Rangali Island.
Polaris market research has segmented the floating hotel market report based on room type, price range, booking channel and region:
Floating Hotel, Room Type Outlook (Revenue - USD Million, 2019 - 2032)
- Single Occupancy
- Double Occupancy
Floating Hotel, Price Range Outlook (Revenue - USD Million, 2019 - 2032)
Floating Hotel, Booking Channel Outlook (Revenue - USD Million, 2019 - 2032)
- Phone Booking
- Online Booking
- In-Person Booking
Floating Hotel, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Floating Hotels Market Insights
- 4.1. Floating Hotels Market - Booking Channel Snapshot
- 4.2. Floating Hotels Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising consumer interest in recreational activities
- 4.2.1.2. Increasing tourists from domestic and international countries
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Floating Hotels Market Booking Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Floating Hotels Market, by Room Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 5.3. Single Occupancy
- 5.3.1. Global Floating Hotels Market, by Single Occupancy, by Region, 2019-2032 (USD Million)
- 5.4. Double Occupancy
- 5.4.1. Global Floating Hotels Market, by Double Occupancy , by Region, 2019-2032 (USD Million)
6. Global Floating Hotels Market, by Price Range
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 6.3. Economical
- 6.3.1. Global Floating Hotels Market, by Economical, by Region, 2019-2032 (USD Million)
- 6.4. Mass
- 6.4.1. Global Floating Hotels Market, by Mass, by Region, 2019-2032 (USD Million)
- 6.5. Premium
- 6.5.1. Global Floating Hotels Market, by Premium, by Region, 2019-2032 (USD Million)
7. Global Floating Hotels Market, by Booking Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 7.3. Phone Booking
- 7.3.1. Global Floating Hotels Market, by Phone Booking, By Region, 2019-2032 (USD Million)
- 7.3.2. Online Booking
- 7.3.2.1. Global Floating Hotels Market, by Online Booking, By Region, 2019-2032 (USD Million)
- 7.3.3. In-Person Booking
- 7.3.3.1. Global Floating Hotels Market, by In-Person Booking , By Region, 2019-2032 (USD Million)
8. Global Floating Hotels Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Floating Hotels Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Floating Hotels Market - North America
- 8.3.1. North America: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.3.2. North America: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.3.3. North America: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.3.4. Floating Hotels Market - U.S.
- 8.3.4.1. U.S.: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.3.5. Floating Hotels Market - Canada
- 8.3.5.1. Canada: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.3.5.3. Canada: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4. Floating Hotels Market - Europe
- 8.4.1. Europe: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.3. Europe: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.4. Floating Hotels Market - UK
- 8.4.4.1. UK: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.4.3. UK: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.5. Floating Hotels Market - France
- 8.4.5.1. France: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.5.3. France: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.6. Floating Hotels Market - Germany
- 8.4.6.1. Germany: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.6.3. Germany: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.7. Floating Hotels Market - Italy
- 8.4.7.1. Italy: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.7.3. Italy: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.8. Floating Hotels Market - Spain
- 8.4.8.1. Spain: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.8.3. Spain: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.9. Floating Hotels Market - Netherlands
- 8.4.9.1. Netherlands: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.4.10. Floating Hotels Market - Russia
- 8.4.10.1. Russia: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.4.10.3. Russia: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5. Floating Hotels Market - Asia Pacific
- 8.5.1. Asia Pacific: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5.4. Floating Hotels Market - China
- 8.5.4.1. China: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.4.3. China: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5.5. Floating Hotels Market - India
- 8.5.5.1. India: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.5.3. India: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5.6. Floating Hotels Market - Malaysia
- 8.5.6.1. Malaysia: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5.7. Floating Hotels Market - Japan
- 8.5.7.1. Japan: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.7.3. Japan: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5.8. Floating Hotels Market - Indonesia
- 8.5.8.1. Indonesia: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.5.9. Floating Hotels Market - South Korea
- 8.5.9.1. South Korea: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.6. Floating Hotels Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.6.4. Floating Hotels Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.6.5. Floating Hotels Market - UAE
- 8.6.5.1. UAE: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.6.5.3. UAE: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.6.6. Floating Hotels Market - Israel
- 8.6.6.1. Israel: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.6.6.3. Israel: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.6.7. Floating Hotels Market - South Africa
- 8.6.7.1. South Africa: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.7. Floating Hotels Market - Latin America
- 8.7.1. Latin America: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.7.3. Latin America: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.7.4. Floating Hotels Market - Mexico
- 8.7.4.1. Mexico: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.7.5. Floating Hotels Market - Brazil
- 8.7.5.1. Brazil: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
- 8.7.6. Floating Hotels Market - Argentina
- 8.7.6.1. Argentina: Floating Hotels Market, by Room Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Floating Hotels Market, by Booking Channel , 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Floating Hotels Market, by Price Range, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Conrad Maldives Rangali Island
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Finnish Archipelago Hotels
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Floatel International
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Offshore Floating Hotels
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Water Discus Hotel
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development