Floating Hotels Market is fueled by Increasing Tourism Activities
The floating hotels market provides comfortable stay options for tourists on water bodies like rivers, oceans, lakes etc. Floating hotels make use of ships, houseboats or any floating vessel that provides hotel room facilities to guests. They allow tourists to experience scenic views of the surrounding water bodies and nature along with amenities like rooms, dining areas, spa and recreational facilities. Some key advantages include picturesque locations away from noisy cities, unique experience of staying on water and environment friendly concept. The growing tourism and travel industry has increased the demand for such innovative stay options among modern travelers looking for one of a kind experiences.
The Global Floating Hotels Market is estimated to be valued at US$ 7,346.4 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Floating Hotels are Good Hotel London, Manta Resort, The Floatel In, LE ROI FLOATING HUTS & ECO ROOMS, Amilla Maldives, Soneva, Madifushi Private Island, Amaya Kud Rah, Sun Siyam Resorts, Taj Lake Palace, Udaipur, The Floatel, Kolkata, AB Celestial, Mumbai, Poovar Island Resort, Mumtaz Palace Houseboat, Poovar Island Resort, Queen Elizabeth 2, Love and boat LLC, Palm Springs Preferred Small Hotels., River Kwai Jungle Rafts, and Float House River Kwai.
The growing tourism industry globally has increased the demand for innovative and unique stay experiences among modern travelers. Floating Hotels Market Demand cater to this rising demand by providing picturesque locations and water based activities.
Several floating hotel chains are expanding their presence across major tourist destinations globally like river cruises in Europe, islands in Southeast Asia and Greece. New projects are being planned to tap into the potential of emerging markets in South America, Africa and Middle East.
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