PUBLISHER: The Business Research Company | PRODUCT CODE: 1669629
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669629
Floating hotels are lodging establishments constructed on or intended to float on water bodies such as rivers, lakes, or oceans. These accommodations provide a distinctive travel experience, merging the comfort and amenities of a hotel with the thrill of exploring different destinations while afloat.
The primary room categories in floating hotels include single occupancy and double occupancy. A single occupancy room is tailored for the exclusive use of one individual and is available in various price ranges, including premium, mid-range, and low-cost options. Booking options for these rooms typically include phone reservations, online bookings, and in-person booking channels.
The floating hotels market research report is one of a series of new reports from The Business Research Company that provides floating hotels market statistics, including floating hotels industry global market size, regional shares, competitors with a floating hotels market share, detailed floating hotels market segments, market trends and opportunities, and any further data you may need to thrive in the floating hotels industry. This floating hotels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The floating hotels market size has grown strongly in recent years. It will grow from $4.82 billion in 2024 to $5.15 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to novelty and uniqueness, tourism growth, urban development, event hosting, environmental considerations
The floating hotels market size is expected to see strong growth in the next few years. It will grow to $6.88 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to experiential travel demand, luxury and high-end market growth, coastal and island tourism, remote work and stay, infrastructure development. Major trends in the forecast period include sustainability emphasis, technological integration, modularity and adaptability, health and wellness offerings, cultural immersion.
The anticipated surge in the demand for cruise tourism is set to drive the growth of the floating hotels market. Cruise tourism, involving leisure travel on cruise ships, has embraced the concept of floating hotels, providing extended stay accommodations, expedition base camps, and event venues. Notably, in May 2023, Tourism Review Media reported that Turkey witnessed 1,500 cruise ships and over 1.5 million passengers in 2023, with an expected increase to 2.3 million cruise passengers in 2024. This increasing demand for cruise tourism is a significant catalyst for the growth of the floating hotels market.
The rising number of high-net-worth individuals (HNWI) is poised to contribute to the expansion of the floating hotel market. High-net-worth individuals, characterized by substantial financial wealth, seek exclusive and premium travel experiences. Floating hotels, with their unique and luxurious accommodation offerings, align with the preferences of HNWIs. A report by Knight Frank in May 2023 highlighted a substantial growth projection in India's ultra-high-net-worth individuals (UHNWI) and billionaire population over the next five years. The report forecasts a 58.4% increase in UHNWI individuals from 12,069 in 2022 to 19,119 in 2027. Additionally, India's billionaire population is expected to grow from 161 individuals in 2022 to 195 individuals in 2027, supporting the growth of the floating hotel market.
Major companies operating in the floating hotel market are focusing on introducing innovative villas such as mobile villa to enhance guest experiences by providing unique accommodations. A mobile villa refers to a portable, luxury accommodation unit designed for comfortable living while being able to move across various locations, often utilized in floating hotel concepts to provide guests with the experience of changing scenic views and environments without sacrificing comfort. For instance, in January 2024, El Bahrawy Group, a United Arab Emirates-based investment conglomerate company, launched Neptune villa. The Neptune villa is the first floating and mobile villa within the Kempinski Floating Palace resort in Dubai, featuring a two-story layout and a rooftop infinity pool. It offers luxury living with eco-friendly technology, smart systems, and the ability to cruise at speeds of six to eight knots.
Strategic partnerships have become a key focus for major companies in the floating hotel market to sustain their positions. Collaborative agreements or alliances, such as the partnership between Meyer Floating Solutions and Arctic Bay Holding announced in April 2023, aim to achieve mutually beneficial goals. This partnership envisions the development of an extraordinary luxury floating hotel concept in the Arctic, providing guests with unparalleled experiences and breathtaking views. The planned hotel will feature world-class amenities, including a spa, two restaurants, and special igloo suites with glass roofs for a unique Arctic experience.
In July 2023, MEYER Floating Solutions, a Finland-based construction technology company specializing in floating villas, formed a partnership with Hotels & Resorts Investment Maldives. This collaboration aims to develop floating hotel and resort projects in the Maldives, leveraging MEYER's advanced technology to create sustainable and luxurious accommodations on water. This initiative is expected to boost tourism in the region while promoting environmental sustainability. Hotels & Resorts Investment Maldives is a Maldives-based company focused on the construction and development of hotels and resorts.
Major companies operating in the floating hotels market include The Queen Mary, Aqua Expeditions Pte. Ltd., King Pacific Lodge, The Manta Resort, Sunborn London, SeaVentures Inc., Salt & Sill, Off Paris Seine, Floating Hotel Canggu, The Floating Hotel, Hotel Barge Esperance, Hotel Barge Anjodi, Barge L'Impressionniste, The Floating Lodge, The Ritz-Carlton Yacht Collection, Soneva Jani, Aqua Mekong, The FloatHouse River Kwai, Floating Garden, The Lake House, Blue Houseboat, The Barge Experience, VICE Houseboat, The Floating Hotel - Banjul, Utopia, Posada Amazonas, Aranui Cruises, Danube Dreams, Harmony of the Seas, The Yacht Hotel
North America was the largest region in the floating hotels market in 2024. The regions covered in the floating hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the floating hotels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The floating hotel market includes revenues earned by entities by providing accommodations, dining options, entertainment, recreational activities, kids and family services, cultural and enrichment programs, special occasion services, and transportation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Floating Hotels Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on floating hotels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for floating hotels ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The floating hotels market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.