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PUBLISHER: SkyQuest | PRODUCT CODE: 1321785

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PUBLISHER: SkyQuest | PRODUCT CODE: 1321785

U.S. Hotels, Resorts, and Cruise Lines Market Size, Share, Growth Analysis, By Type(Hotels, Resorts and Cruise) - Industry Forecast 2023-2030

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The U.S. Hotels, Resorts, and Cruise Lines Market size was valued at around USD 218.50 Billion in 2021 and is expected to rise from USD 238.82 billion in 2022 to reach a value of USD 488.1 Billion by 2030, at a CAGR of 9.3 % during the forecast period (2022-2030).

The surge in demand for hotels can be attributed to the growth of the American travel and tourism sectors. In 2020, the hotel industry experienced its most challenging year to date, with historically low occupancy rates, significant job losses, and numerous hotel closures across the country. The American Hotel and Lodging Association's forecasts for 2022 indicate that the industry's recovery in terms of hotel occupancy in the United States will be delayed due to the ongoing below-average travel demand. Florida stood out as one of the states with the highest hotel occupancy rates in 2021, surpassing the national average of 48.1%, as reported in the Hotel Data Conference Edition of 2021. The U.S. hotel occupancy has been gradually increasing since late January 2021, reaching a remarkable record of 58.9%. Even when considering temporarily closed hotels due to the pandemic, the occupancy rate remained at 55.7%. Furthermore, it is expected that leisure travel will lead the way in resuming, as consumers' confidence in the nation's vaccine coverage grows and their willingness to travel returns in 2021, as highlighted in the AHLA's state of the hotel business 2021 study.

Top-down and bottom-up approaches were used to estimate and validate the size of the U.S. Hotels, Resorts, and Cruise Lines Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The U.S. Hotels, Resorts, and Cruise Lines Market is segmented based on type, and region. Based on type the market is segmented into Hotels, Resorts, and Cruise. With respect to categorization by region, the U.S. Hotels, Resorts, and Cruise Lines Market is segmented into Northeast, Midwest, South, West and Southwest.

Driver

Growing Travel and Tourism Industry

The expansion of the travel and tourism sector fuels the growth of the US hotels, resorts, and cruise lines market. With an increasing number of individuals traveling for both business and leisure purposes, there is a rising demand for accommodations and cruise experiences.

Restraint

Seasonal Demand

However, the industry faces certain challenges, one of which is its heavy reliance on seasonal demand. This dependence on specific times of the year can result in revenue and profitability fluctuations. During off-peak seasons, hotels, resorts, and cruise lines often encounter difficulties in attracting customers and ensuring sustained profitability.

Market Trends

Growing emphasis on sustainability has been observed within the industry in recent times. Many hotels and resorts are actively adopting eco-friendly measures to diminish their environmental footprint.Another prominent trend is the rising demand for personalized experiences among consumers during their travels. Consequently, hotels and resorts are now striving to provide more tailored services and amenities to cater

Product Code: SQMIG25O2011

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges

Key Market Insights

  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition

Market Dynamics & Outlook

  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges
  • Regulatory Landscape
  • Porters Analysis
    • Competitive rivalry
    • Threat of Substitute Products
    • Bargaining Power of Buyers
    • Threat of New Entrants
    • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
    • Political Impact
    • Economic Impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

U.S. Hotels, Resorts, and Cruise Lines Market by Type

  • Market Overview
  • Hotels
  • Resorts and Cruise

U.S. Hotels, Resorts, and Cruise Lines Market Size by Region

  • Market Overview
  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
    • By Development
    • By Company
    • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021

Key Company Profiles

  • Marriott International
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hilton Worldwide Holdings Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Wyndham Worldwide Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • InterContinental Hotels Group PLC
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hyatt Hotels Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Choice Hotels International Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Best Western Hotels & Resorts
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Four Seasons Hotels and Resorts
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • The Ritz-Carlton Hotel Company, LLC
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Mandarin Oriental Hotel Group
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • AccorHotels
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Carnival Corporation & plc
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Royal Caribbean Group
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Norwegian Cruise Line Holdings Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Princess Cruises
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Celebrity Cruises Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Holland America Line
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Disney Cruise Line
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Oceania Cruises
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Silversea Cruises
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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