The Resort Planning Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Resort Planning Global Market Report 2024, The resort planning market size has grown strongly in recent years. It will grow from $192.99 billion in 2023 to $202.77 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to tourism industry growth, changing consumer preferences, environmental conservation and sustainable tourism, government initiatives and tourism policies, global economic expansion.
The resort planning market size is expected to see strong growth in the next few years. It will grow to $258.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rise in luxury and wellness tourism, emergence of eco-tourism, focus on unique experiences, digital marketing and online booking trends, crisis recovery and resilience. Major trends in the forecast period include cultural immersion and local community engagement, luxury sustainability and eco-lodges, adoption of smart environmental design, holistic event and wedding facilities, wellness retreats and specialty programs.
The increase in worldwide tourism is expected to propel the growth of the resort planning market. Tourism is a social, cultural, and economic phenomenon that involves individuals travelling to nations or locations beyond their typical surroundings for personal or business/professional reasons. The world has seen massive growth in tourism in the past decade due to the increased disposable income, access to various locations, the urge to explore, and other reasons. The growth of global tourism will create a significant need for the development of sophisticated yet sustainable resorts, driving the demand for resort planning as it aids the tourism industry by enabling a luxurious experience for the tourists. For instance, according to the United Nations World Tourism Organization (UNWTO), global tourism grew by 4% in 2021 over 2020, increasing to 415 million arrivals in 2021 from 400 million arrivals in 2020. Therefore, the increase in global tourism is expected to boost demand for resort planning services during the forecast period.
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The resort planning market covered in this report is segmented –
1) By Type: Overall Planning, Partial Planning
2) By Application: Urban, Rural Areas
3) By End-User: Large Enterprises, Investment Agency
Major companies operating in the resort planning market are increasing their focus on introducing new hospitality brands, such as Palette, to maximize their revenues in the market. Palette is a boutique hotel brand that focuses on providing unique, design-centric accommodations with personalized experiences for travelers seeking distinctive and stylish stays. For instance, in July 2023, OYO Hotels & Homes, an India-based hospitality company, launched the Palette brand, which includes premium resorts and hotels, as a significant expansion of its offerings. The Palette brand is designed to provide a range of upscale resorts and hotels for travelers seeking a premium experience.
The resort planning market report table of contents includes:
1. Executive Summary
2. Resort Planning Market Characteristics
3. Resort Planning Market Trends And Strategies
4. Resort Planning Market – Macro Economic Scenario
5. Global Resort Planning Market Size and Growth
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26. South America Resort Planning Market
27. Brazil Resort Planning Market
28. Middle East Resort Planning Market
29. Africa Resort Planning Market
30. Resort Planning Market Competitive Landscape And Company Profiles
Top Major Players:
- Gensler Jr. & Associates Inc
- Hellmuth Obata & Kassabaum Inc
- Nikken Sekkei Komu Co Ltd
- Leo A. Daly Company
- EDSA Inc
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