The U.S. hotels, resorts & cruise lines market is
expected to reach USD 299.3 billion by 2025, according to a new report by Grand
View Research, Inc. As travel and tourism keep on growing every year, hotel and
cruise line industry are recognized as an ever-blooming business. High
competition is observed amongst the companies due to soaring demand for
accommodation. This, in turn, is anticipated to boost the revenue inflow in
this market.
Currently, majority of the population are tech-savvy
and are comfortable using mobile apps and websites. Customers prefer to plan
their trips and search for hotel options all via a digital interface. As a
result, hotels are engaged in offerings up-to-date and user-friendly services
such as online bookings, cancellation, and payment mode. This, in turn, is
expected to enable company in reinforcing their presence in the space.
Effective usage of digital marketing & social
media promotions is recognized as the high driving force for the market. This
is mainly because it allows maintaining harmony and synergy between companies
and customers, thereby driving booking rates. Moreover, usage of public forum
like Yelp helps in understanding the customer’s’ expectation which further
helps in devising the investment plans as per the customer’s need.
However, alternate accommodation such as Airbnb and
security challenges associated with this industry is expected to slow down the
market throughout the forecast period.
Full
Research Report On U.S. Hotels, Resorts & Cruise Lines Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/us-hotels-resorts-cruise-lines-market
www.grandviewresearch.com/industry-analysis/us-hotels-resorts-cruise-lines-market
Further
key findings from the study suggest:
- Hotel & motel dominated the market in 2016
with respect to revenue generation
- Presence of a substantial number of
international hotels in the U.S. has contributed to the largest share of
this segment
- In the crowded tourist or travel spots, it is
easy to spot hotels in every locality
- Cruise lines is the fastest growing segment
- Understanding the growth potential of cruising
travel, the cruise line industry is committed to add new capacity in its
lines
- The cruise lines are continuously putting
efforts for improving its “cheap and fun vacation deals”
- These factors are expected to lucratively
enhance the segment growth throughout the forecast period
- Some major hotel companies that are operating
in the space are Hyatt Corporation, MARRIOTT INTERNATIONAL, INC.; and
Hilton
- Royal Caribbean International and Carnival
Corporation & plc are some prominent cruise line in the market
- These companies are observed to make
significant investment to boost their service portfolio and meet the
customers’ expectations
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the U.S. hotels, resorts & cruise
lines market on the basis of facility type:
U.S.
Hotels, Resorts & Cruise Lines Facility Type Outlook (Revenue, USD Billion,
2014 - 2025)
- Hotels
and Motels
- Cruise
Lines
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-hotels-resorts-cruise-lines-market-analysis
www.grandviewresearch.com/press-release/us-hotels-resorts-cruise-lines-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
No comments:
Post a Comment