The Theme Hotel 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 Theme Hotel Global Market Report 2024, The theme hotel market size has grown strongly in recent years. It will grow from $12.56 billion in 2023 to $13.20 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to rising disposable incomes, leading to increased spending on themed experiences, increasing urbanization, boosting demand for unique and memorable lodging, growing interest in experiential travel, driving the popularity of themed hotels, expanding tourism industry, enhancing the appeal of differentiated accommodation and increasing social media influence, amplifying the desire for Instagram able stays.
The theme hotel market size is expected to see strong growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to the growing demand for personalized and immersive travel experiences, expansion of the global tourism industry, boosting occupancy rates in themed hotels, rising investments in theme-based hospitality by major market players, technological advancements in hotel management and guest engagement and increasing collaborations between hotels and entertainment brands. Major trends in the forecast period include the integration of augmented reality (AR) and virtual reality (VR) for enhanced guest experiences, the emergence of eco-themed hotels focusing on sustainability and green practices, expansion of cultural and heritage-themed hotels in emerging markets, development of wellness-themed hotels, catering to health-conscious travelers and growth of pop-culture-themed hotels, driven by partnerships with movie and tv franchises.
The growing number of tourists from around the world is expected to propel the growth of the theme hotel market going forward. The surge in global tourism is driven by increased disposable incomes and enhanced travel accessibility, significantly boosting the demand for unique and immersive lodging experiences. Theme hotels enhance global tourism by offering unique, immersive experiences that attract travelers seeking distinctive accommodations and memorable stays. For instance, in May 2024, according to the Office for National Statistics, a UK-based governmental organization, in 2023, UK tourists made 86.2 million trips abroad, compared to 71.0 million trips in 2022. Therefore, the growing number of tourists from around the world is driving the growth of the theme hotel market.
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The theme hotel market covered in this report is segmented –
1) By Type: Natural Scenery, History And Culture, Urban Characteristics, Celebrity Culture, Artistic Features
2) By Hotel Type: Luxury, Boutique, Other Hotel Types
3) By Application: Individual, Commercial
Major companies operating in the theme hotel market are focusing on technological advancements such as multi-sensory experiences to gain a competitive advantage. A multi-sensory experience engages multiple senses, such as sight, sound, touch, taste, and smell, to create an immersive and enhanced interaction or environment. This approach enriches user engagement and perception by stimulating various sensory pathways simultaneously. For instance, in May 2024, Marriott Hotels, a US-based hospitality company, partnered with Manchester United F.C., a UK-based football team, to launch Twinned Suite of Dreams to bring a unique themed experience to football fans in the UAE. The suite offers a multi-sensory experience that immerses guests in the nostalgic atmosphere of the 1990s, featuring retro gaming systems and classic consoles, allowing guests to engage with the era’s gaming culture. The suite includes a dedicated space for entertainment that houses CDs, a gaming system, and a collection of video home system (VHS) videos showcasing classic matches and team stories, blending modern technology with nostalgic content.
The theme hotel market report table of contents includes:
1. Executive Summary
- Theme Hotel Market Characteristics
- Theme Hotel Market Trends And Strategies
- Theme Hotel Market – Macro Economic Scenario
- Global Theme Hotel Market Size and Growth
.
- Global Theme Hotel Market Competitive Benchmarking
- Global Theme Hotel Market Competitive Dashboard
- Key Mergers And Acquisitions In The Theme Hotel Market
- Theme Hotel Market Future Outlook and Potential Analysis
- Appendix
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