PUBLISHER: Grand View Research | PRODUCT CODE: 1587489
PUBLISHER: Grand View Research | PRODUCT CODE: 1587489
U.S. Hotels, Resorts And Cruise Lines Market Size, Share & Trends Analysis Report By Type (Hotels, Resorts, Cruise), By Booking Mode (Direct Booking, Online Travel Agents And Travel Agencies (OTAs)), And Segment Forecasts, 2025 - 2030
U.S. Hotels, Resorts And Cruise Lines Market Growth & Trends:
The U.S. hotels, resorts and cruise lines market size is expected to reach USD 567.38 billion by 2030, registering a CAGR of 6.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for hotels and resorts varies by property type and is influenced by factors such as location, size, and on-site amenities.
The market is likely to be driven by rising disposable income, the popularization of weekend culture, the introduction of low-cost airline services, and the developing service industry. Some of the primary factors responsible for drawing clients to hotels and resorts include inflation in spending power and style of living. Furthermore, the rise of digital innovation aided in the recording of this rising number, as well as the ability of players who manage shared spaces, such as Airbnb, to reach out to their target audience.
In addition, according to Forbes in 2020, remote work has also made it easier to work from any place, which is why an increasing number of digital nomads are working while staying in hotels. Many people are considering relocating outside of the Bay Area and other cities such as New York now that they can work remotely. According to a May 2020 survey of thousands of IT workers, two-thirds are considering leaving the Bay Area.
Hotels have another reason for wishing to accommodate long-term visitors. Hotels aim to fill the gaps caused by COVID-19 with long-term guests. The world's largest hotel chain, Hyatt, in 2020, introduced its Work from Hyatt program, which includes discounts and free high-speed Wi-Fi for stays of seven days or more.
According to CBRE 2021 estimates, hotels in the U.S. have noticed a significant drop in demand since the onset of COVID-19 in 2020 Quarter 1. Fear of infection, forced closures, and reduced business travel all contributed to a significant drop in the accommodation industry. Moreover, the data stated that occupancy may not return to pre-COVID-19 levels until 2023, with RevPAR following in 2024.
In 2022, higher chain scales have seen the greatest percentage and absolute declines in RevPAR. Chains in the upper echelon were particularly heavily hit. According to CBRE, the resumption of group travel will take some time, requiring a ramp-up phase, lowering occupancies, and slowing ADR growth for higher-priced chain scales and property types that rely more heavily on food and beverage revenue. Furthermore, according to the American Hotel and Lodging Association's State of the Hotel Industry 2021 study, the pandemic cost over 670,000 hotel industry operations jobs and nearly 4 million hospitality employees in 2020.
U.S. Hotels, Resorts And Cruise Lines Market Report Highlights:
- The U.S. Hotels, Resorts, And Cruise Lines market is expected to expand at a CAGR of 6.8%. During the early pandemic period, most of the hotels, resorts, and cruises were completely closed.
- In 2024, people started scheduling extended vacations as a result of being at home for too long. This is also attributed to an increase in remote work, which allows employees to work from anywhere. This factor is anticipated to provide a fillip to the market
- The hotel segment is held the largest market share of around 77.33% in 2024. Advanced analytics are being introduced by the hotels to analyze a large amount of data and predict occupancy rates more accurately. This further helps hotels in implementing pricing strategies to increase profitability and enhance customers' experiences
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Hotels, Resorts, And Cruise Lines Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Booking Mode Analysis and Trend
- 3.3.2. Profit Margin Analysis (Industry-level)
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.6. Market Entry Strategies
Chapter 4. U.S. Hotels, Resorts, And Cruise Lines Market: Buyer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decisions
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. U.S. Hotels, Resorts, And Cruise Lines Market: Type Estimates & Trend Analysis
- 5.1. U.S. Hotels, Resorts, And Cruise Lines Market, By Type: Key Takeaways
- 5.2. Type Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Billion)
- 5.3.1. Hotels
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.2. Resorts
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.3. Cruise Lines
- 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.1. Hotels
Chapter 6. U.S. Hotels, Resorts, And Cruise Lines Market: Booking Mode Estimates & Trend Analysis
- 6.1. U.S. Hotels, Resorts, And Cruise Lines Market, By Booking Mode: Key Takeaways
- 6.2. Booking Mode Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecasts, by Booking Mode, 2018 - 2030 (USD Billion)
- 6.3.1. Direct Booking
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2. Online Travel Agents and Travel Agencies (OTAs)
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3. Marketplace Booking
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.1. Direct Booking
Chapter 7. U.S. Hotels, Resorts, And Cruise Lines Market: Competitive Analysis
- 7.1. Recent developments & impact analysis, by key market participants
- 7.2. Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Service Benchmarking
- 7.6. Company Market Share Analysis, 2024 (%)
- 7.7. Company Heat Map Analysis, 2024
- 7.8. Strategy Mapping
- 7.9. Company Profiles
- 7.9.1. Marriott International, Inc.
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Service Portfolios
- 7.9.1.4. Strategic Initiatives
- 7.9.2. Hilton Worldwide Holdings Inc.
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Service Portfolios
- 7.9.2.4. Strategic Initiatives
- 7.9.3. Wyndham Hotels & Resorts
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Service Portfolios
- 7.9.3.4. Strategic Initiatives
- 7.9.4. Accor S.A.
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Service Portfolios
- 7.9.4.4. Strategic Initiatives
- 7.9.5. InterContinental Hotels Group (IHG)
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Service Portfolios
- 7.9.5.4. Strategic Initiatives
- 7.9.6. Four Seasons Hotels and Resorts
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Service Portfolios
- 7.9.6.4. Strategic Initiatives
- 7.9.7. Banyan Tree Holdings Limited
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Service Portfolios
- 7.9.7.4. Strategic Initiatives
- 7.9.8. Hyatt Hotels Corporation
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Service Portfolios
- 7.9.8.4. Strategic Initiatives
- 7.9.9. American Cruise Lines
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Service Portfolios
- 7.9.9.4. Strategic Initiatives
- 7.9.10. Carnival Cruise Line
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Service Portfolios
- 7.9.10.4. Strategic Initiatives
- 7.9.1. Marriott International, Inc.
List of Tables
- Table 1 U.S. hotels, resorts, and cruise lines market: Key market driver analysis
- Table 2 U.S. hotels, resorts, and cruise lines market: Key market restraint analysis
- Table 3 U.S. hotels, resorts, and cruise lines market estimates & forecast, by type (USD Billion)
- Table 4 U.S. hotels market estimates & forecasts, 2018 - 2030 (USD Billion)
- Table 5 U.S. resorts market estimates & forecasts, 2018 - 2030 (USD Billion)
- Table 6 U.S. cruise lines market estimates & forecasts, 2018 - 2030 (USD Billion)
- Table 7 U.S. hotels, resorts, and cruise lines market estimates & forecast, by booking mode (USD Billion)
- Table 8 U.S. hotels, resorts, and cruise lines market estimates & forecasts, through direct booking, 2018 - 2030 (USD Billion)
- Table 9 U.S. hotels, resorts, and cruise lines market estimates & forecasts, through online travel agents and travel agencies (OTAs), 2018 - 2030 (USD Billion)
- Table 10 U.S. hotels, resorts, and cruise lines market estimates & forecasts, through marketplaces, 2018 - 2030 (USD Billion)
- Table 11 Recent developments & impact analysis, by key market participants
- Table 12 Company market share, 2024 (%)
- Table 13 Company heat map analysis, 2024
- Table 14 Companies implementing key strategies
List of Figures
- Fig. 1 U.S. hotels, resorts, and cruise lines market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Regional snapshot
- Fig. 9 Competitive landscape Snapshot
- Fig. 10 Parent industry and U.S. hotels, resorts, and cruise lines market size (USD Billion)
- Fig. 11 U.S. hotels, resorts, and cruise lines market size, 2018 to 2030 (USD Billion)
- Fig. 12 U.S. hotels, resorts, and cruise lines market: Penetration & growth prospect mapping
- Fig. 13 U.S. hotels, resorts, and cruise lines market: Value chain analysis
- Fig. 14 U.S. hotels, resorts, and cruise lines market: Profit-margin analysis
- Fig. 15 U.S. hotels, resorts, and cruise lines market: Dynamics
- Fig. 16 U.S. hotels, resorts, and cruise lines market: Porter's five forces analysis
- Fig. 17 Factors influencing buying decisions for hotels, resorts, and cruise lines
- Fig. 18 U.S. hotels, resorts, and cruise lines market estimates & forecast, by type (USD Billion)
- Fig. 19 U.S. hotels market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 U.S. resorts market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 U.S. cruise lines market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 U.S. hotels, resorts, and cruise lines market estimates & forecast, by booking mode (USD Billion)
- Fig. 23 U.S. hotels, resorts, and cruise lines market estimates & forecasts, through direct booking, 2018 - 2030 (USD Billion)
- Fig. 24 U.S. hotels, resorts, and cruise lines market estimates & forecasts, through online travel agents and travel agencies (OTAs), 2018 - 2030 (USD Billion)
- Fig. 25 U.S. hotels, resorts, and cruise lines market estimates & forecasts, through marketplaces, 2018 - 2030 (USD Billion)
- Fig. 26 Key company categorization
- Fig. 27 Company market share analysis, 2024
- Fig. 28 Strategic framework of U.S. hotels, resorts, and cruise lines market
