global Floating Hotels Market Overview:
Hotels that float over water or are otherwise not on solid ground are known as floating hotels. Also known as flotel. There are two basic types of floating hotels such as airborne floating hotels and floating hotels on waterbodies. Now a days floating hotels over water is gaining popularity in vacationers. Floating hotels provide great view and unique experience due to their presence near nature with deals and discount offers to attract more customers. Owing to high demand for cruise tourism and increasing demand for floating hotel in warm area, floating hotel market expected to grow at a significant rate during the forecast period.
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Increasing demand for cruise tourism
Market Growth Drivers:
Increasing Disposable Income across the Globe, Increasing demand for water front destination for vacation, Increasing demand for floating hotels in worm areas and Rising demand for fantastic sights and unique experience by vacationers
Unstable weather, air and water condition
High cost of development for airborne floating hotels and Expensive services
Increasing demand appealing deals and discounts that floating hotels provide. and Rising architectural development in modern cruise ships
Floating hotel Market is a fragmented market due to the presence of various players. The players are focusing on development of better services to enhance their overall work capacity and activity to attract new customers. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are The Manta Resort (Tanzania), Dragon inn (Malaysia), River Kwai Jungle Rafts (Thailand), Four Season Bora Bora (French Polynesia), Punta Caracol Acqua Lodge (South America), Floating and Rotating Hotel Tower (UAE), Off Paris Seine (Paris), Conrad Maldives (Maldives), The Arctic Bath (Sweden) and Taj Lake Palace (India). Considering Market by Accommodation booking process, the sub-segment i.e. Online will boost the Floating Hotels market. Considering Market by Price, the sub-segment i.e. Economical will boost the Floating Hotels market.
In February 2019, Conrad Hotels partnered with London-based luxury resort wear brand Robe de Voyage. With this partnership, the collection called ‘sleeping in the ocean’ designed by Robe de Voyage was given to the customers. This partnership helps Conrad hotels to improve their customer’s experience.
What Can be Explored with the Floating Hotels Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the global Floating Hotels Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Floating Hotels
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the global Floating Hotels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Floating Hotels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Floating Hotels Owner, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.