Hotels, Resorts, and Cruise Lines Market Share, Size, Trends, Industry Analysis Report, By Type (Hotels, Resorts, and Cruise Lines); By Sales Channel; By Region; Segment Forecast, 2023- 2032

Hotels, Resorts, and Cruise Lines Market Share, Size, Trends, Industry Analysis Report, By Type (Hotels, Resorts, and Cruise Lines); By Sales Channel; By Region; Segment Forecast, 2023- 2032



The global hotels, resorts, and cruise lines market size is expected to reach USD 3,087.27 billion by 2032, according to a new study by Polaris Market Research. The report “Hotels, Resorts, and Cruise Lines Market Share, Size, Trends, Industry Analysis Report, By Type (Hotels, Resorts, and Cruise Lines); By Sales Channel; By Region; Segment Forecast, 2023- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The hotel, resort, and cruise line sectors are integral components of the ever-evolving travel and tourism industry. As the global travel and tourism sector expands at a rapid pace, the hotel, resort, and cruise lines industry follows suit, driving overall industry growth. The surge in both domestic and international tourism trends, coupled with an increase in consumer spending and a growing GDP, further propel this growth.

Notably, hotels and resorts offer a sense of security, leading to higher occupancy rates, thereby bolstering industry growth. The strengthening of international relations among various countries results in heightened tourism, leading to increased utilization of hotels, resorts, and cruise lines, fortifying their presence and driving industry expansion.

The surge in digitalization and globalization has sparked a growing enthusiasm among tech-savvy individuals for travel, serving as a primary catalyst for market expansion. Furthermore, the appeal of hotels, offering quality, secure accommodations, and streamlined reservation processes, has significantly elevated their preference and utilization. These factors collectively contribute to the upward trajectory of this segment over the forecast period.

Furthermore, the burgeoning sports tourism sector has contributed to heightened occupancy levels in hotels and resorts, contributing to market growth. Additionally, the proliferation of global events such as Technological Expos and Fashion Expos attracts a substantial population, leading to heightened occupancy rates in hotels and resorts and further augmenting the overall growth of the hotels, resorts, and cruise lines market.

Over the last decade, the global travel and tourism sector underwent significant transformations, wherein hotels, resorts, and cruise lines emerged as central influencers in shaping the industry. This sector has transcended its conventional role of providing basic accommodation and transportation, now standing as an essential component of the holistic travel experience.

Hotels, Resorts, and Cruise Lines Market Report Highlights

The hotels segment accounted for the largest market share in 2022, on account of increasing urbanization and standard of living

Offline channel is expected to witness highest growth during forecast period

North America region dominated the market with majority share in 2022, owing to technological innovations, personalized services, and a strong emphasis on sustainability further enhance the guest experience

The global key market players include Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, InterContinental Hotels Group PLC, Marriott International, Inc., Norwegian Cruise Line Holdings Ltd.

Polaris Market Research has segmented the hotels, resorts, and cruise lines market report based on type, sales channel, and region:

Hotels, Resorts, and Cruise Lines, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Hotels

Resorts

Cruise Lines

Hotels, Resorts, and Cruise Lines, Sales Channel Outlook (Revenue - USD Billion, 2019 - 2032)

Online

Offline

Hotels, Resorts, and Cruise Lines, Regional Outlook (Revenue - USD Billion, 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

Israel

South Africa


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
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Hotels, Resorts, and Cruise Lines Market Insights
4.1. Hotels, Resorts, and Cruise Lines Market – Industry Snapshot
4.2. Hotels, Resorts, and Cruise Lines Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing awareness of health and wellness programs
4.2.1.2. Technological Advancements
4.2.2. Restraints and Challenges
4.2.2.1. Regulatory 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. PESTLE Analysis
4.5. Hotels, Resorts, and Cruise Lines Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Hotels, Resorts, and Cruise Lines Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Hotels, Resorts, and Cruise Lines, by Type, 2019-2032 (USD Billion)
5.3. Hotels
5.3.1. Global Hotels, Resorts, and Cruise Lines Market, by Hotels, by Region, 2019-2032 (USD Billion)
5.4. Resorts
5.4.1. Global Hotels, Resorts, and Cruise Lines Market, by Resorts, by Region, 2019-2032 (USD Billion)
5.5. Cruise Lines
5.5.1. Global Hotels, Resorts, and Cruise Lines Market, by Cruise Lines, by Region, 2019-2032 (USD Billion)
6. Global Hotels, Resorts, and Cruise Lines Market, by Sales Channel
6.1. Key Findings
6.2. Introduction
6.2.1. Global Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
6.3. Online
6.3.1. Global Hotels, Resorts, and Cruise Lines Market, by Online, by Region, 2019-2032 (USD Billion)
6.4. Offline
6.4.1. Global Hotels, Resorts, and Cruise Lines Market, by Offline, by Region, 2019-2032 (USD Billion)
7. Global Hotels, Resorts, and Cruise Lines Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Hotels, Resorts, and Cruise Lines Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Hotels, Resorts, and Cruise Lines Market – North America
7.3.1. North America: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.3.2. North America: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.3.3. Hotels, Resorts, and Cruise Lines Market – U.S.
7.3.3.1. U.S.: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.3.4. Hotels, Resorts, and Cruise Lines Market – Canada
7.3.4.1. Canada: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.3.4.2. Canada: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4. Hotels, Resorts, and Cruise Lines Market – Europe
7.4.1. Europe: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.2. Europe: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.3. Hotels, Resorts, and Cruise Lines Market – UK
7.4.3.1. UK: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.3.2. UK: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.4. Hotels, Resorts, and Cruise Lines Market – France
7.4.4.1. France: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.4.2. France: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.5. Hotels, Resorts, and Cruise Lines Market – Germany
7.4.5.1. Germany: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.5.2. Germany: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.6. Hotels, Resorts, and Cruise Lines Market – Italy
7.4.6.1. Italy: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.6.2. Italy: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.7. Hotels, Resorts, and Cruise Lines Market – Spain
7.4.7.1. Spain: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.7.2. Spain: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.8. Hotels, Resorts, and Cruise Lines Market – Netherlands
7.4.8.1. Netherlands: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.4.9. Hotels, Resorts, and Cruise Lines Market – Russia
7.4.9.1. Russia: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.4.9.2. Russia: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5. Hotels, Resorts, and Cruise Lines Market – Asia Pacific
7.5.1. Asia Pacific: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5.3. Hotels, Resorts, and Cruise Lines Market – China
7.5.3.1. China: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.3.2. China: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5.4. Hotels, Resorts, and Cruise Lines Market – India
7.5.4.1. India: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.4.2. India: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5.5. Hotels, Resorts, and Cruise Lines Market – Malaysia
7.5.5.1. Malaysia: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5.6. Hotels, Resorts, and Cruise Lines Market – Japan
7.5.6.1. Japan: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.6.2. Japan: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5.7. Hotels, Resorts, and Cruise Lines Market – Indonesia
7.5.7.1. Indonesia: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.5.8. Hotels, Resorts, and Cruise Lines Market – South Korea
7.5.8.1. South Korea: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.6. Hotels, Resorts, and Cruise Lines Market – Middle East & Africa
7.6.1. Middle East & Africa: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.6.3. Hotels, Resorts, and Cruise Lines Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.6.4. Hotels, Resorts, and Cruise Lines Market – UAE
7.6.4.1. UAE: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.6.4.2. UAE: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.6.5. Hotels, Resorts, and Cruise Lines Market – Israel
7.6.5.1. Israel: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.6.5.2. Israel: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.6.6. Hotels, Resorts, and Cruise Lines Market – South Africa
7.6.6.1. South Africa: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.7. Hotels, Resorts, and Cruise Lines Market – Latin America
7.7.1. Latin America: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.7.2. Latin America: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.7.3. Hotels, Resorts, and Cruise Lines Market – Mexico
7.7.3.1. Mexico: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.7.4. Hotels, Resorts, and Cruise Lines Market – Brazil
7.7.4.1. Brazil: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
7.7.5. Hotels, Resorts, and Cruise Lines Market – Argentina
7.7.5.1. Argentina: Hotels, Resorts, and Cruise Lines Market, by Sales Channel, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Hotels, Resorts, and Cruise Lines Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Accor SA
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Carnival Corporation & plc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Choice Hotels International, Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Expedia Group
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Hilton Worldwide Holdings Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Hyatt Hotels Corporation
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. InterContinental Hotels Group PLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Marriott International, Inc.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Norwegian Cruise Line Holdings Ltd.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Princess Cruises (a subsidiary of Carnival Corporation)
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Royal Caribbean Group
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. The Walt Disney Company (Disney Cruise Line)
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Wyndham Hotels & Resorts, Inc.
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. P&O Cruises (a subsidiary of Carnival Corporation)
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Radisson Hotel Group
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development

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