With over 17.7 million visitors in 2023, the most visited amusement park in the United States was Magic Kingdom Theme Park at Walt Disney World Resort, located in Lake Buena Vista, Florida. Meanwhile, Epcot recorded the country's the third highest attendance that year, with nearly 12 million visitors.

Between July 19 and **, 2021, Cartagena recorded a hotel occupancy of **** percent — the highest among the listed Latin American destinations. In contrast, the Argentine capital had the lowest occupancy rate in those same days.

Between January and July 2024, Mexico City’s hotels hosted over *********** foreign visitors, accounting for a little over **** the number recorded in the previous year. In 2023, the number of international hotel guests in the Mexican capital surpassed ************ for the first time in history. Beach hotels shine in Quintana Roo In 2022, Mexico received over ********** international tourists, marking a ** percent increase compared to the previous year. Notably, when travelers select their destinations, statistics indicate a strong preference for beachfront hotels, resulting in consistently higher room occupancy rates than those found in city hotels. For instance, in 2022, coastal hotels recorded an occupancy rate of roughly ** percent, ** percentage points higher than the average for city hotels. Moreover, the state of Quintana Roo boasted the nation's *** leading tourist destinations with the highest hotel occupancy rates. Cancún led the way with an occupancy rate of nearly ** percent, closely followed by the Riviera Maya, which also recorded a similar high occupancy rate. Key players in Mexico's hotel industry In 2022, Grupo Vidanta was the leading company in Mexico's hotel industry with ** billion Mexican pesos in revenue, while Grupo Posadas secured the fourth position with roughly **** billion Mexican pesos. Grupo Posadas managed *** hotels and ****** rooms by year-end, its largest portfolio since 2017, with brands including Fiesta Inn Hoteles, Business Class, One Hotels, and Fiesta Americana Hotels & Resorts. Notably, ** percent of its hotel rooms operated under the Fiesta Inn Hoteles Business Class brand, and Live Aqua had ***** rooms. Grupo Posadas rebounded to pre-pandemic revenue levels, surpassing **** billion Mexican pesos in 2022, reaffirming its prominence in the Latin American hotel industry.

The Magic Kingdom theme park at Walt Disney World Resort near Orlando, Florida, was visited by approximately ***** million people in 2023, making it the most visited amusement park in North America that year. The only park outside of the U.S. to make the list was Canada's Wonderland in Ontario.

Resort Planning Market Outlook

The global resort planning market size was valued at USD 68.5 billion in 2023 and is projected to reach USD 102.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% during this forecast period. This growth can be attributed to the increasing disposable incomes, a rising middle class, and the growing trend of experiential travel among consumers worldwide. Additionally, technological advancements and an increased focus on sustainable practices in resort planning are further propelling market growth.

One of the key growth factors driving the resort planning market is the surge in global tourism. With the modernization of infrastructure and the relaxation of travel restrictions post-pandemic, more people are traveling for leisure and seeking unique experiences. This has led to a higher demand for diverse types of resorts, including beach, mountain, and urban resorts, which cater to various preferences and demographics. Investments in tourism infrastructure by governments and private entities are also significantly bolstering this market. Governments in countries like China and India are heavily investing in tourism infrastructure to attract more visitors, thereby positively impacting the resort planning market.

Another significant factor contributing to the growth of the resort planning market is the increasing emphasis on sustainable and eco-friendly resort designs. Modern travelers are becoming more conscious about their environmental footprint, leading to a rise in demand for sustainable resorts that integrate eco-friendly practices in their operations. This includes the use of renewable energy sources, water conservation techniques, and sustainable construction materials. Resort planners and developers are increasingly adopting green building certifications such as LEED and BREEAM, which is further driving market expansion.

The advent of advanced technology is also playing a crucial role in shaping the resort planning market. The integration of smart technologies in resorts, such as IoT, AI, and augmented reality, is enhancing the guest experience and operational efficiency. These technologies enable personalized services, energy management, and seamless operations, making resorts more attractive to tech-savvy travelers. The use of virtual reality in resort design and planning stages allows developers to create more accurate and immersive models, streamlining the planning process and reducing costs.

Regionally, the Asia Pacific region is expected to witness the highest growth in the resort planning market. Countries like China, India, and Thailand are emerging as major tourism hubs, attracting significant investments in resort infrastructure. North America and Europe also hold substantial market shares, driven by well-established tourism industries and high consumer spending on travel and leisure. Latin America and the Middle East & Africa regions are also experiencing growth, propelled by increasing tourism initiatives and the development of new resort destinations.

Type Analysis

The resort planning market is segmented into various types, including beach resorts, mountain resorts, desert resorts, urban resorts, and others. Each type caters to different preferences and offers unique experiences, driving diverse demand within the market. Beach resorts remain one of the most popular segments due to their widespread appeal and the allure of seaside locations. These resorts typically offer a range of water activities, luxury accommodations, and beautiful coastal views, attracting tourists looking for relaxation and adventure by the ocean. The demand for beach resorts is particularly high in tropical regions and during peak vacation seasons.

Mountain resorts are another prominent segment within the resort planning market, appealing to travelers seeking nature, tranquility, and outdoor activities such as hiking, skiing, and mountain biking. These resorts are often located in scenic mountainous regions, offering a serene escape from urban life. The growing popularity of winter sports and adventure tourism is significantly driving the demand for mountain resorts. Additionally, many mountain resorts are focusing on eco-friendly practices and sustainable tourism, further enhancing their appeal to environmentally conscious travelers.

Desert resorts offer a unique and exotic experience, attracting tourists interested in exploring arid landscapes and engaging in activities like dune bashing, camel trekking, and stargazing. These resorts are typically located in desert regions a

The Spanish hospitality industry, valued at approximately €26.84 billion in 2025, demonstrates robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 3.14% from 2025 to 2033. This growth is driven by several factors. Firstly, Spain's enduring popularity as a tourist destination fuels demand across all hotel segments, from budget-friendly options to luxury establishments. The country's diverse geographical landscape, rich culture, and pleasant climate attract a wide range of visitors, boosting occupancy rates and average daily rates (ADR). Secondly, the strategic investments in infrastructure and marketing initiatives by both the public and private sectors enhance the country's appeal to international and domestic travelers. Finally, the continuous evolution of hospitality offerings, including the integration of technology and personalized service, strengthens Spain's competitive edge in the global market. Increased adoption of loyalty programs by major hotel brands further contributes to repeat business and sustained revenue growth. However, the sector also faces challenges. Seasonality, a persistent issue in tourism-dependent economies, creates fluctuations in demand and revenue streams throughout the year. Furthermore, rising operational costs, including labor and energy expenses, can impact profitability. Competitive pressure from emerging destinations and evolving consumer preferences necessitate continuous adaptation and innovation within the hospitality sector. Addressing these challenges effectively requires a strategic approach encompassing sustainable practices, diversified revenue streams, and proactive responses to shifting market dynamics. The segment breakdown reveals that while the chain hotel sector dominates, independent hotels are also growing, reflecting evolving traveler preferences for unique and locally-owned experiences. The growth of service apartments, budget and economy hotels, and mid-scale offerings indicates a diverse market catering to various price points and traveler needs. Recent developments include: In December 2023, Hotel group Meliá, Spain's largest hotel group and Europe's third largest hotel group expanded its luxury brands around the world with one in every three of its planned pipeline openings under its luxury brands. From Europe, Africa, and Central America to the world's most captivating destinations, Spain's leading hotel group brings its Spanish hospitality to all corners of the globe with each development delivering luxury experiences responsibly., In November 2023, Hotelbeds, a subsidiary of HBX Group, entered into a strategic distribution agreement with Barceló, a luxury hotel group based in Barcelona, Spain. The strategic distribution agreement expanded Hotelbeds’ accommodation portfolio and extended the reach of the luxury hotel group’s Barceló brand throughout Europe, the Mediterranean, and Africa, opening up new possibilities for travellers. By partnering with Hotelbeds, Barceló added 130 of its hotels, spread across 15 countries, to Hotelbeds’ hospitality preferred portfolio., In April 2023, Minor Hotels, one of the world’s largest hotel owners, operators, and investors, with over 530 hotels spread across 56 countries across Asia Pacific, Middle East, Africa and the Indian Ocean, as well as in Europe, South America, and North America, announced the expansion of its lifestyle brand for millennial-focused travellers: avani hotels & resorts in Europe. Avani Hotels is designed for guests who value service, style, and value. The brand is known for its functional design and distinctive service offerings.. Key drivers for this market are: 4., Favorable Government Policies and Regulations4.; Rise in the Number of Hotels/Restauarnts in the Market. Potential restraints include: 4., Favorable Government Policies and Regulations4.; Rise in the Number of Hotels/Restauarnts in the Market. Notable trends are: An Increase in The Number of International Tourist Arrivals from the UK is Dominating the market..

Tourism and Hotel Market Outlook

According to our latest research, the global tourism and hotel market size reached USD 4.92 trillion in 2024, reflecting a strong recovery trajectory post-pandemic. The market is poised for robust expansion, with a projected CAGR of 7.6% from 2025 to 2033. By the end of 2033, the market is forecasted to attain a value of approximately USD 9.56 trillion. This dynamic growth is primarily driven by the resurgence of international travel, digital transformation in hospitality, and the emergence of new tourism segments catering to evolving consumer preferences.

One of the most significant growth drivers for the tourism and hotel market is the increasing accessibility and affordability of travel. The proliferation of low-cost carriers, improved infrastructure, and government initiatives aimed at boosting tourism have made travel more attainable for a broader segment of the global population. This democratization of travel has led to a surge in both domestic and international tourist arrivals. Additionally, emerging economies are witnessing a rapid rise in disposable income, which is directly translating to higher expenditure on leisure and business travel. The combination of these factors is expanding the customer base for hotels, accommodation providers, and ancillary travel services, fueling overall market growth.

Another pivotal factor contributing to the market’s expansion is the digital revolution sweeping across the tourism and hotel industry. The widespread adoption of online booking platforms, mobile applications, and artificial intelligence-driven personalization tools has transformed the way travelers plan, book, and experience their journeys. Online travel agencies (OTAs) and direct booking channels have simplified the reservation process, providing convenience and transparency to consumers. Moreover, the integration of advanced analytics and customer relationship management solutions enables hotels and service providers to tailor offerings, optimize pricing, and enhance guest experiences, thereby driving higher occupancy rates and customer loyalty.

Sustainability and experiential travel are also shaping the future of the tourism and hotel market. Modern travelers are increasingly seeking authentic, immersive experiences that go beyond traditional sightseeing. This trend has prompted the industry to innovate, offering eco-friendly accommodations, cultural tours, and adventure activities that cater to the growing demand for responsible tourism. Hotels are investing in green technologies, sustainable sourcing, and community engagement initiatives to align with consumer values and regulatory requirements. These efforts not only enhance brand reputation but also open up new revenue streams, further propelling market growth.

From a regional perspective, Asia Pacific continues to dominate the global tourism and hotel market, accounting for the largest share in 2024. This dominance is attributed to the region’s burgeoning middle class, rapid urbanization, and government-led tourism campaigns. North America and Europe remain mature markets with steady growth, driven by high inbound and outbound travel volumes, advanced infrastructure, and a strong focus on luxury and business travel segments. Meanwhile, Latin America and the Middle East & Africa are emerging as attractive destinations, supported by investments in tourism infrastructure, visa facilitation policies, and the development of niche tourism segments such as adventure and cultural tourism.

Service Type Analysis

The service type segment within the tourism and hotel market is highly diversified, encompassing Accommodation, Transportation, Food & Beverage, Travel Activities, and Others. Accommodation remains the backbone of the industry, representing the largest revenue share in 2024. The segment’s growth is underpinned by the proliferation of hotel chains, boutique properties, and alternative lodging options such as vacation rentals and homestays. The increasing demand for person

In May 2025, booking.com was the most visited travel and tourism website worldwide. That month, Booking’s web page recorded around *** million visits. Tripadvisor.com and airbnb.com followed in the ranking, with roughly *** million and ** million visits, respectively. Popular online travel agencies in the U.S. Online travel agencies (OTAs), such as Booking.com and Expedia, offer a wide variety of services, including online hotel bookings, flight reservations, and car rentals. According to the Statista Consumer Insights Global survey, when looking at flight search engine online bookings by brand in the United States, Booking.com and Expedia were the most popular options when it came to making online flight reservations in 2025. When focusing on hotel and private accommodation online bookings in the U.S., Booking.com was again the most popular brand, followed by Airbnb, Expedia, and Hotels.com. Booking Holdings vs. Expedia Group Booking.com is one of the most popular sites of the online travel group Booking Holdings, the leading online travel agency worldwide based on revenue, that also owns brands like Priceline, Kayak, and Agoda. In 2024, Booking Holdings' revenue amounted to almost ** billion U.S. dollars, the highest figure reported by the company to date. Meanwhile, global revenue of Expedia Group, which manages brands like Expedia, Hotels.com, and Vrbo, reached nearly ** billion U.S. dollars that year.

In 2023, Americas Best Value Inn was ranked the best budget hotel brand in North America with a customer satisfaction index score of 637 points. Microtel Inn & Suites by Wyndham ranked second with a score of 637. Other high-ranking brands on the list included Surestay Hotel by Best Western and Howard Johnson by Wyndham.

Highest-rated luxury hotel brands

The Ritz-Carlton hotel brand ranked 12 points lower than the satisfaction score of North America’s highest-rated luxury hotel brand in 2023: Waldorf Astoria. During that year, Waldorf Astoria received a satisfaction score of 788. The average customer satisfaction score for luxury hotel brands was more than 200 points higher than the average economy score.

Most expensive cities for business travel

Daily hotel costs can differ substantially, depending on the city one is visiting. In 2022, the most expensive cities for business travel in the United States were New York, San Francisco and Boston, respectively. Beyond the U.S., the most expensive cities for business travel worldwide included New York, Boston, and Lagos that same year.

Fixed Grip Chairlift Market Outlook

The global fixed grip chairlift market size was valued at approximately USD 2.1 billion in 2023 and is projected to reach USD 3.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 6%. The market is experiencing significant growth due to increasing tourism activities and the rising popularity of winter sports globally. Additionally, the expanding infrastructure of ski resorts and amusement parks is fueling the demand for fixed grip chairlifts.

One of the primary growth factors for the fixed grip chairlift market is the burgeoning tourism industry. Enhanced disposable incomes and changing lifestyle preferences are leading to increased spending on recreational activities, including skiing and amusement park visits. With governments and private sector entities investing heavily in tourism infrastructure, the installation of fixed grip chairlifts is becoming increasingly popular. These installations are crucial for ensuring smooth and efficient transport of visitors, particularly in mountainous regions and leisure parks.

Another significant growth factor is the technological advancements in manufacturing and installation practices. Modern fixed grip chairlifts are designed to be more durable and efficient, providing a safer and more reliable experience for users. Innovations in materials and construction methods have resulted in reduced maintenance costs and increased lifespan of these chairlifts, making them a preferred choice for resort and park operators. Furthermore, the ease of installation and lower initial investment compared to detachable chairlifts is driving their adoption.

The rising popularity of winter sports, particularly skiing, snowboarding, and mountain hiking, is also playing a pivotal role in market growth. Countries with a strong winter sports culture, such as those in Europe and North America, are continuously upgrading their ski resorts to attract more tourists. Fixed grip chairlifts, being a cost-effective and reliable option, are frequently chosen for these upgrades. Additionally, the growing trend of adventure tourism in emerging markets is expected to further boost the demand for fixed grip chairlifts over the forecast period.

From a regional perspective, North America and Europe dominate the fixed grip chairlift market, accounting for the majority of the global demand. This is attributed to the high number of established ski resorts and amusement parks in these regions. However, Asia Pacific is anticipated to witness the highest growth rate, driven by increasing investments in tourism infrastructure and the rising popularity of winter sports in countries like China, Japan, and South Korea. Latin America and the Middle East & Africa regions are also expected to show moderate growth due to their emerging tourism sectors.

Product Type Analysis

The fixed grip chairlift market is segmented by product type into Double Chairlift, Triple Chairlift, Quad Chairlift, and Others. Double chairlifts are among the most commonly used types due to their simplicity and cost-effectiveness. These chairlifts are particularly popular in smaller ski resorts and amusement parks where the volume of visitors is moderate. With their uncomplicated design, double chairlifts are easier to maintain and operate, making them a favorite among operators with limited budgets.

Triple chairlifts offer a higher capacity than double chairlifts and are often utilized in medium-sized ski resorts and parks. They strike a balance between capacity and cost, providing an efficient solution for transporting visitors without the need for significant financial investment. The mid-range capacity of triple chairlifts makes them suitable for resorts and parks expecting moderate visitor traffic, offering both efficiency and reliability.

Quad chairlifts are designed for high-capacity transport, making them ideal for large ski resorts and major amusement parks that experience heavy visitor traffic. The higher capacity of quad chairlifts ensures that visitors spend less time waiting in lines and more time enjoying their activities. Despite their higher initial cost, the efficiency and convenience provided by quad chairlifts justify the investment, leading to their widespread adoption in high-traffic areas.

Other types of fixed grip chairlifts, including those with unique features or custom designs, cater to specific needs and preferences of different operators. These chairlifts might include specific safety features, design aesthetics, or enhanced comfort le

Workation Resort Market Outlook

According to our latest research, the global workation resort market size reached USD 7.8 billion in 2024, demonstrating robust expansion with a compound annual growth rate (CAGR) of 11.6% from 2025 to 2033. Driven by the evolving landscape of remote work and digital nomadism, the market is projected to achieve a value of USD 21.3 billion by 2033. The main growth factor fueling this momentum is the increasing adoption of hybrid and remote work models by corporations and individuals worldwide, which has led to a surge in demand for destinations that blend productivity with leisure.

The rapid proliferation of remote work culture stands as a primary catalyst for the workation resort market’s growth. As organizations across diverse industries embrace flexible work arrangements, employees are seeking environments that support both professional productivity and personal well-being. This shift is not limited to freelancers and entrepreneurs; even large enterprises are encouraging their teams to utilize workation resorts as a means to foster creativity, enhance job satisfaction, and reduce burnout. The convergence of advanced digital infrastructure, high-speed internet, and collaborative coworking spaces within these resorts further amplifies their appeal, making them a preferred choice for remote professionals seeking a change of scenery without compromising work efficiency.

Another significant growth driver is the evolving preferences of the modern workforce, particularly millennials and Gen Z, who prioritize work-life balance and experiential travel. These demographics are increasingly opting for workation resorts that offer a blend of accommodation, wellness services, recreational activities, and networking opportunities. The integration of wellness programs, spa treatments, adventure sports, and local cultural experiences into the core offerings of workation resorts has created a holistic value proposition. This trend is also supported by the rise of digital nomad visas and government-backed initiatives in several countries, which aim to attract remote workers and stimulate local economies through long-term stays.

Technological advancements and the digitalization of the hospitality sector have further accelerated market growth. Online travel agencies, direct booking platforms, and mobile applications have streamlined the process of discovering and reserving workation resorts, making them more accessible to a global audience. Enhanced digital marketing strategies, personalized customer experiences, and the use of data analytics to anticipate guest preferences are enabling resorts to differentiate themselves in a highly competitive landscape. Additionally, the increasing collaboration between hospitality providers and coworking space operators is fostering innovation in service offerings, ensuring that guests have access to state-of-the-art work facilities alongside leisure amenities.

From a regional perspective, Asia Pacific is emerging as the fastest-growing market for workation resorts, fueled by its diverse tourist destinations, competitive pricing, and proactive government policies supporting digital nomadism. North America and Europe continue to dominate in terms of market share, owing to their mature hospitality sectors, high internet penetration, and established remote work cultures. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, driven by increased investments in tourism infrastructure and a growing appeal among international remote workers. The interplay of these regional dynamics is shaping the global landscape of the workation resort market, with each region contributing unique strengths and opportunities for future expansion.

Type Analysis

The workation resort market is segmented by type into beach resorts, mountain resorts, urban resorts, rural resorts, and others. Beach resorts have traditionally been the most popular choice among remote workers and digital nomads, offering a tranquil environment, scenic views, and a plethora of recreational activities. The allure of working with an ocean backdrop, coupled with access to water sports, yoga sessions, and wellness retreats, makes beach resorts a top preference for those seeking a balance between productivity and relaxation. These resorts are particularly prominent in regions such as Southeast Asia, the Caribbean, and Southern Europe

The North America amusement park market, currently exhibiting robust growth, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 3.50% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, increasing disposable incomes and a growing preference for leisure activities are boosting consumer spending on entertainment. Secondly, continuous innovation within the industry, encompassing the introduction of thrilling new rides and immersive technological advancements such as virtual reality experiences, enhances the overall visitor experience and attracts broader demographics. Furthermore, strategic marketing campaigns and targeted promotions, coupled with the popularity of theme parks as family destinations, further contribute to market growth. While the market faces some restraints, such as seasonality and potential economic downturns impacting consumer spending, the industry's resilience and adaptability suggest consistent growth over the forecast period. Segment analysis reveals a diverse market with mechanical and water rides commanding significant portions of the rides segment, while the 19-to-35-year-old demographic represents a substantial revenue contributor. Ticket sales remain the primary revenue stream, followed by food and beverage sales, merchandise, and hotel/resort packages. Major players like Disney and Universal Studios dominate the landscape, leveraging their established brands and extensive infrastructure to capture significant market share. The United States, in particular, serves as the largest market within North America, driving a significant portion of overall regional revenue. The future of the North American amusement park market appears bright, with continued growth expected across all segments. Further diversification of offerings, leveraging emerging technologies, and focusing on sustainable practices will be crucial for maintaining competitive advantage. Expanding into new markets and enhancing the visitor experience through personalized offerings and improved operational efficiency will also play a vital role in driving future market expansion. The industry’s ability to adapt to changing consumer preferences and economic conditions will be key to sustaining this positive growth trajectory throughout the forecast period. Continued investment in infrastructure and new attractions will be critical to maintain market leadership and attract a broader range of visitors. Recent developments include: January 2023: Global hospitality and entertainment company Delaware North announced its continued expansion in the parks and lodging sector through the acquisition of the Best Western Premier Grand Canyon Squire Inn., July 2022: Five Star Parks & Attractions has completed the acquisition of three locations of Malibu Jack's Indoor Theme Parks in the cities of Lexington, Louisville, and Ashland, Kentucky.. Notable trends are: Mechanical Rides Powering North America's Amusement Park Industry.

Tourism Real Estate Market Outlook

The global tourism real estate market size was valued at approximately USD 1.2 trillion in 2023 and is projected to reach USD 2.3 trillion by 2032, growing at a CAGR of 7.3% during the forecast period. The growth of this market is driven by increasing disposable incomes, rising international travel, and expanding tourism sectors across the globe.

One of the primary growth factors for the tourism real estate market is the rising disposable incomes globally, which has resulted in more people traveling for leisure and business. As more people travel, the demand for accommodations such as hotels, resorts, and vacation homes increases, thereby fueling investments in tourism-related real estate. Additionally, the growth of the middle class in emerging markets has significantly contributed to the rise in international travel, further supporting market expansion.

Another significant growth factor is the increasing preference for experiential travel. Modern travelers seek unique and authentic experiences, which has led to a surge in the demand for boutique hotels, eco-friendly resorts, and vacation homes in exotic locations. This trend has attracted real estate developers and investors to expand their portfolios to include properties that cater to these preferences. Furthermore, advancements in technology, particularly in the hospitality sector, have enhanced the guest experience, making tourism real estate more attractive to investors.

Government initiatives and policies supporting tourism development also play a crucial role in the growth of the tourism real estate market. Many governments offer incentives such as tax breaks, subsidies, and infrastructure development to attract tourism investment. These initiatives not only boost the construction of new properties but also encourage the renovation and enhancement of existing ones. Additionally, international events, conventions, and exhibitions hosted by various countries stimulate the demand for tourism-related real estate, further driving market growth.

Regionally, the Asia Pacific region is expected to witness the highest growth in the tourism real estate market. Factors such as rapid urbanization, economic growth, and increasing international tourist arrivals contribute to this regional growth. Countries like China, Japan, and Thailand are major contributors due to their well-developed tourism infrastructure and favorable government policies. On the other hand, North America and Europe have established markets with steady growth, driven by mature tourism industries and stable economic conditions. Latin America and the Middle East & Africa are also emerging markets with significant potential due to their rich cultural heritage and natural attractions.

Property Type Analysis

The tourism real estate market is segmented into various property types, including hotels, resorts, vacation homes, timeshares, and others. Hotels represent a significant portion of this market due to their widespread presence and the essential role they play in the hospitality industry. The demand for hotels is consistently high, driven by both business and leisure travelers. The development of branded hotels and the expansion of international hotel chains into new markets further boosts this segment. Moreover, the trend of boutique and lifestyle hotels that offer unique experiences to guests is gaining popularity, contributing to the growth of the hotel segment.

Resorts are another prominent property type within the tourism real estate market. Resorts cater to travelers seeking comprehensive vacation experiences, often in scenic or exotic locations. The demand for resorts is driven by the growing trend of wellness tourism and the increasing popularity of all-inclusive vacation packages. Developers are investing in the construction of luxury resorts that offer a wide range of amenities, such as spas, golf courses, and adventure activities, which attract high-end tourists. Additionally, eco-friendly and sustainable resorts are gaining traction as travelers become more environmentally conscious.

Vacation homes constitute a significant segment of the tourism real estate market, appealing to travelers who prefer the comfort and convenience of home-like accommodations. The rise of platforms like Airbnb has popularized vacation rentals, making them an attractive option for both short-term and long-term stays. This segment is particularly popular among families and groups traveling together. Investors are increasingly interested in vacation homes due to the potential for luc

Over the last five years, the ski and snowboard industry has faced many challenges and opportunities. As climate change takes its toll, snowfall levels across the US have steadily decreased, disrupting traditional winter sports seasons and raising resort operational costs. The 2023-2024 snowfall fell 10% below the 10-year average, shrinking ski seasons and pressuring resorts to invest heavily in snowmaking to maintain viable operations. Technological advancements have allowed resorts to streamline operations, enhance skier experiences and foster customer loyalty. Smaller resorts are especially vulnerable as larger companies fight for market dominance through acquisitions and multi-resort season passes. The industry’s revenue grew at a CAGR of 2.0% into 2025, expected to reach $4.2 billion. Weather volatility and technology have been the industry's primary drivers in recent years. The reliance on snowmaking systems has become crucial, presenting a financial and environmental burden for resorts striving to deliver consistent skiing conditions. Consolidation, previously booming, has screeched to a halt, with net-zero acquisitions made in 2024, signaling a shift in focus for major resorts. Smaller resorts have struggled, relying on localized weather conditions and grappling with the popularity of multi-resort passes, which siphon skiers toward more favorable resorts. Meanwhile, unionized workers have become more vocal, as evidenced by the recent strike at Park City, emphasizing worker rights and compensation demands. Revenue is expected to hold steady, with a 0.1% drop in 2025. Through 2030, the industry will climb steadily at a CAGR of 1.3%, reaching $4.4 billion. The industry is poised for a complex future, balancing economic opportunities with climate challenges. As disposable incomes rise and the global economy recovers, resorts can anticipate an influx of visitors keen to explore winter sports. However, maximizing revenue amid soaring lift ticket costs will be a persistent challenge. The growing fitness trend offers a potential boon, with active millennials and Gen Z fueling demand for year-round recreational options. To thrive, resorts can strategically invest in sustainability efforts and diversify offerings to attract eco-conscious and diverse audiences, countering waning interest from younger generations. Emphasizing unique, year-round experiences and leveraging digital marketing can position resorts to capture emerging demographics and maintain resilience.

In 2024, United Parks & Resorts locations received roughly **** million visitors in the United States. This shows a slight decrease compared to the previous year's total of roughly **** million visitors. The company's total attendance peaked in 2012 at over ** million. Attendance at SeaWorld Orlando SeaWorld Entertainment is a U.S.-based company which owns and operates amusement and theme parks in Orlando (Florida), San Antonio (Texas), and San Diego (California). Its flagship recreational destination is the SeaWorld Orlando theme park and marine zoological park which ranked amongst the most popular theme parks in North America in 2023. Before the pandemic, the number of attendees at the SeaWorld Orlando was exhibiting an upward trend despite the release of the documentary film “Blackfish”, which raised significant concerns about the treatment of orca species kept in captivity at SeaWord parks. How much revenue does SeaWorld Entertainment generate? In 2024, SeaWorld Entertainment recorded a revenue of approximately **** billion U.S. dollars. When breaking SeaWorld's revenue down by segment, over *** million U.S. dollars in revenue was generated by admissions, which made it SeaWorld's main form of income. The remainder of SeaWorld's revenue from 2024 came from various other sources, such as food and merchandise sales.

Detachable Ropeway Market Outlook

The global detachable ropeway market size was valued at approximately USD 3.1 billion in 2023 and is anticipated to reach around USD 5.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. This growth is driven by the increasing demand for efficient and eco-friendly transportation solutions, especially in urban areas and popular tourist destinations.

One of the primary growth factors for the detachable ropeway market is the rising popularity of ski resorts and winter sports. As more people seek outdoor recreational activities, ski resorts are increasingly investing in modern ropeway systems to enhance their infrastructure and improve the overall customer experience. These detachable ropeways offer a higher speed and capacity compared to traditional fixed-grip systems, enabling ski resorts to handle more visitors efficiently. Additionally, the growing inclination towards eco-friendly transportation systems is pushing the market forward, as detachable ropeways produce fewer emissions compared to conventional transport methods.

Another significant factor contributing to the market's growth is urbanization and the need for innovative urban transport solutions. With cities becoming more congested, there is a pressing need for alternative transportation modes that can alleviate traffic and reduce pollution. Detachable ropeways are emerging as a viable solution due to their ability to navigate complex urban landscapes and provide point-to-point connectivity. Moreover, the adoption of detachable ropeways in amusement parks and tourist attractions is also propelling the market. Amusement parks are increasingly incorporating these systems to offer unique and thrilling experiences to visitors.

The advancements in technology and increasing investments in infrastructure development are further driving the market. Governments and private entities are investing in the development of ropeway systems to boost tourism and enhance public transport. These investments are not only aimed at improving the quality of transport but also at ensuring safety and comfort for passengers. Furthermore, the integration of smart technologies, such as automated control systems and real-time monitoring, is enhancing the efficiency and reliability of detachable ropeways, making them an attractive option for various applications.

Regionally, the detachable ropeway market is witnessing significant growth in Asia Pacific, North America, and Europe. Asia Pacific is emerging as a prominent market due to rapid urbanization and the increasing number of ski resorts in countries like China, Japan, and South Korea. North America and Europe, known for their well-established skiing destinations and advanced infrastructure, are also experiencing substantial growth. The rising focus on sustainable transport solutions in these regions is further augmenting the market. The Middle East & Africa and Latin America, although smaller in market size, are showing potential growth with increasing investments in tourism and infrastructure development.

Product Type Analysis

The detachable ropeway market can be segmented by product type into monocable detachable gondola, bicable detachable gondola, and tricable detachable gondola. Each type has its unique features and applications, catering to different needs and preferences. Monocable detachable gondolas are the most commonly used type, offering a balance between cost and performance. They are widely used in ski resorts and urban transport due to their simplicity and reliability. Monocable systems are easier to install and maintain, making them a popular choice for many operators.

Bicable detachable gondolas provide higher stability and capacity compared to monocable systems. They are suitable for longer spans and higher wind conditions, making them ideal for mountainous regions and tourist attractions. Bicable systems are often preferred in regions with challenging terrains where traditional transport methods are not feasible. The increased stability and capacity of bicable gondolas make them a preferred choice for ski resorts and amusement parks looking to handle a large number of visitors efficiently.

Tricable detachable gondolas offer the highest capacity and stability among the three types. They are designed to handle extreme conditions and provide smooth rides even in adverse weather. Tricable systems are suitable for high-altitude regions and long-distance transport, making them an excellent choice for large-scale projects and tourist a

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In 2018, most travelers arriving in tourist accommodations in Rome came from Europe. Specifically, tourist facilities in the Italian capital registered about 4.53 million arrivals by visitors from European countries. Moreover, approximately two million visitors from North America arrived in the accommodations in the city. They registered the second highest number of international overnight stays as of 2018. International tourism in Rome’s hotel facilities: U.S. tourists galore Visitors from North America – and particularly tourists from the U.S. – played an important role especially for the hotel sector in Rome. In fact, breaking down the number of international arrivals and overnight stays by country of origin, data reveal that U.S. visitors registered the highest figures as of 2021. Hotel facilities and Airbnb listings in Rome In 2019, the city of Rome counted approximately 1.6 thousand hotel facilities. Data show that most of them were rated as three-star hotels, although four-star hotels were also rather popular. By contrast, there were more than 29 thousand Airbnb listings in Rome as of November 2019. That was more than all the Airbnb listings registered in Milan and Florence combined.

The Philippines tourism and hotel market, valued at $2.26 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 6.05% from 2025 to 2033. This expansion is fueled by several key factors. The increasing popularity of the Philippines as a destination for diverse tourism segments – including business travel, vacation tourism, eco-tourism, cultural tourism, adventure tourism, and event tourism – is a primary driver. The country's rich culture, stunning beaches, and diverse landscapes attract both domestic and international tourists. Growth in the middle class, both domestically and internationally, is further increasing disposable income available for leisure and travel. The ongoing development of infrastructure, including improved transportation links and airport facilities, enhances accessibility and supports the growth of the tourism sector. Furthermore, the increasing adoption of online booking platforms and the proliferation of budget-friendly accommodation options are making travel more accessible and affordable for a wider range of tourists. However, the market faces certain challenges. Seasonality, where tourism is heavily concentrated in certain months, can affect hotel occupancy rates and revenue streams. Natural disasters, which are a periodic occurrence in the Philippines, can disrupt travel plans and negatively impact the tourism industry. Competition from other Southeast Asian destinations also requires ongoing efforts to maintain the Philippines' appeal. Addressing these challenges, through effective disaster management strategies and marketing campaigns that highlight the resilience and unique offerings of the Philippines, will be vital to sustaining the projected growth. The hotel industry, encompassing established international chains like Marriott and Ascott International alongside local players like Crown Regency, is poised to benefit from this expansion, adapting their offerings to cater to the evolving preferences of tourists. Recent developments include: February 2024: The Ascott International, celebrating 40 years in hospitality, launched ‘Ascott Unlimited’ at AHICE 2024 in Singapore. This year-long initiative marks a new era for the company, emphasizing innovation amid global change.June 2023: BWH Hotels expanded its presence in North America and Europe, as well as in Africa and Asia. BWH hotels are now available in Austria, Canada, Dubai, the United Arab Emirates, Ethiopia, France, India, Japan, the Netherlands, Saudi Arabia, Sweden, Tanzania, and the United States.March 2023: Wyndham Hotels & Resorts, the world's largest hotel franchisor with 9,100 hotels in more than 95 countries, announced a new partnership with Groups360. This was aimed at enabling immediate online multiroom booking of rooms.. Key drivers for this market are: Investments in Infrastructure, such as Airport Expansions and Improved Road Networks, Enhance Accessibility and Attract More Visitors, The Rise of Online and Mobile Booking Services Makes it Easier for Travelers to Secure Accommodation, Driving Higher Occupancy Rates. Potential restraints include: Investments in Infrastructure, such as Airport Expansions and Improved Road Networks, Enhance Accessibility and Attract More Visitors, The Rise of Online and Mobile Booking Services Makes it Easier for Travelers to Secure Accommodation, Driving Higher Occupancy Rates. Notable trends are: Resurgence of International Air Travel in the Philippines Driving the Market.

According to Cognitive Market Research, The Global Luxury Hotel market size is USD 130.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 11.80% from 2023 to 2030.

The demand for Luxury hotels is a growing trend in experiential travel. 
Demand for personalized itinerary planning and priority reservations in the Luxury Hotel market.
The business hotels and upscale category held the highest Luxury Hotel market revenue share in 2023.
North America will continue to lead, whereas the European Luxury Hotel market will experience the most substantial growth until 2030. 



Growing Affluence and Increase in Disposable Income to Provide Viable Market Output

The global luxury hotel market is flourishing, driven by a surge in affluence and a notable increase in disposable income worldwide. As consumers seek unparalleled experiences, the luxury hotel industry benefits from the growing demand for opulent accommodations, personalized services, and unique amenities. Discerning travelers increasingly prioritize premium hospitality, contributing to the sector's robust expansion. Luxury hotels strategically position themselves to cater to the evolving expectations of affluent clientele, offering exclusivity and sophistication. This trend indicates a promising market outlook as the desire for elevated travel experiences continues to shape the dynamics of the global luxury hotel industry.

For instance, in August 2019, Marriott International announced removing single-use bottles of bath gels, shampoos & conditioners from all of its properties globally. The hotel company aims to reduce plastic usage in the amenities department by about 30% by eliminating such tiny bottles.

(Source: www.cbsnews.com/news/marriott-the-worlds-largest-hotel-chain-plans-to-eliminate-single-use-plastic-toiletries-by-2020/)

Evolving Consumer Preferences for Personalized Experiences to Propel Market Growth

The global luxury hotel market is witnessing growth propelled by evolving consumer preferences, specifically a demand for personalized and unique experiences. Discerning travelers increasingly seek bespoke services, exclusive amenities, and tailored offerings that align with their tastes. Luxury hotels are adapting to the trend by focusing on personalized concierge services, curated experiences, and distinctive accommodations. This shift in consumer expectations towards customized and immersive hospitality experiences is driving the market's expansion. As luxury hotels continue to redefine opulence through personalized services, the industry remains poised for sustained growth, catering to the preferences of the modern, experience-driven traveler.

For instance, 2L De Blend in Utrecht, Netherlands, received The World Luxury Hotel Awards under the LUXURY BUSINESS HOTEL category two times consecutively in 2019 and 2020. 2L De Blend, located about 1 km from the Utrecht Zuilen railway station, is an aparthotel opened in October 2018, wherein guests can stay in the hotel from 1 night up to 6 months.

(Source:www.businesstravelnews.com/Hotels/Utrecht-Netherlands/2L-De-Blend-ApartHotel-p57076243)

Restraints

The emergence of accommodation or sharing facilities at lower prices is restricting the demand for the luxury hotel market.

The popularity of accommodation-sharing sites like Airbnb, with their lower cost and more flexible, real travel experience, is progressively limiting demand for upscale hotels, particularly among younger generations like Millennials and Gen Z. As of 2024, more than five million hosts have their properties listed on Airbnb, and the site has registered up to 1.5 billion guest check-ins, showing the enormous popularity and extent of the site, particularly among low-income nations where budget-conscious travellers are prevalent. Most younger visitors prefer the opportunity to reside in residential neighbourhoods, connect immediately with hosts, and participate in local culture through Airbnb's "Experiences" program, which offers a community-level immersion in the destination. This penchant for prioritizing authenticity and flexibility over the high-end comforts and amenities of traditional hotels is transforming travel preferences. Furthermore, more expensive rates for stays in quality, higher star-rated hotels limit the luxury of stays for a great number of travellers. Increasing opportunities for budget and...