Key Highlights
- The global hotel industry was valued at approximately $550 billion in 2022
- The U.S. leisure travel market generated approximately $700 billion in revenue in 2022
- The average occupancy rate for resorts worldwide was 68% in 2022
- 65% of travelers prefer resort vacations with all-inclusive options
- The global luxury resort market is projected to reach $150 billion by 2025
- Millennials comprise 40% of resort travelers globally
- In 2022, resorts in the Caribbean saw a 12% increase in bookings compared to 2021
- The average daily rate (ADR) for resorts worldwide was $180 in 2022
- 80% of resort guests are satisfied with their overall experience
- The global spa resort market was valued at $52 billion in 2021
- Resort industry employment worldwide accounts for over 10 million jobs
- 58% of resort visitors come from within their own country
- Eco-resorts accounted for 23% of the global resort market in 2022
With the global resort industry soaring to an estimated $550 billion in 2022 and attracting a diverse mix of travelers—from Millennials driving growth to eco-conscious guests demanding green amenities—it’s clear that the resort sector is more vibrant and reshaping faster than ever before.
Market Size and Growth Trends
- The global hotel industry was valued at approximately $550 billion in 2022
- The U.S. leisure travel market generated approximately $700 billion in revenue in 2022
- The average occupancy rate for resorts worldwide was 68% in 2022
- The global luxury resort market is projected to reach $150 billion by 2025
- In 2022, resorts in the Caribbean saw a 12% increase in bookings compared to 2021
- The average daily rate (ADR) for resorts worldwide was $180 in 2022
- The global spa resort market was valued at $52 billion in 2021
- Resort industry employment worldwide accounts for over 10 million jobs
- The Asian-Pacific region experienced a 15% growth in resort occupancy in 2022
- Digital marketing accounts for 65% of resort bookings worldwide
- The resort industry saw a revenue increase of 21% in North America in 2022 compared to 2021
- The global luxury resort spa market is projected to grow at a compound annual growth rate (CAGR) of 6% from 2023 to 2030
- Approximately 30% of new resort developments in 2022 included sustainable or green features
- The number of boutique resorts increased by 18% in 2022
- Resort loyalty program memberships grew by 14% in 2022
- Resorts in Europe experienced a 10% occupancy increase in 2022
- The majority of resort bookings are made 2-3 months in advance, about 60%
- The global resort hotel market is expected to reach $600 billion by 2025
- Resort industry investments in technology increased by 20% in 2022
Market Size and Growth Trends Interpretation
Operational Performance and Customer Satisfaction
- 80% of resort guests are satisfied with their overall experience
- The average length of stay at resorts is 4.5 nights globally
- Resorts with wellness facilities see 35% higher customer retention rates
- Resorts with integrated technology (e.g., mobile check-in) report a 25% higher guest satisfaction
- Resorts offering culinary experiences saw 30% higher guest engagement in 2022
- The average cancellation rate for resort bookings is about 12%
- Resorts with sustainability certifications see 22% higher occupancy rates
Operational Performance and Customer Satisfaction Interpretation
Resort Types and Specializations
- Eco-resorts accounted for 23% of the global resort market in 2022
- Over 70% of resorts offer some form of outdoor adventure activities
Resort Types and Specializations Interpretation
Traveler Demographics and Preferences
- 65% of travelers prefer resort vacations with all-inclusive options
- Millennials comprise 40% of resort travelers globally
- 58% of resort visitors come from within their own country
- The top three reasons for choosing resorts are relaxation, adventure activities, and family-friendly amenities
- 47% of resort bookings are made via mobile devices
- The average age of resort guests is 42 years old
- The average resort guest spends $1,200 during their stay
- Family vacations account for 45% of resort bookings
- 55% of resort guests are repeat customers
- Over 50% of resort guests are from the United States
- The largest segment of resort travelers are couples, accounting for 38%
Traveler Demographics and Preferences Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
- Reference 2HOSPITALITYNETResearch Publication(2024)Visit source
- Reference 3RESEARCHANDMARKETSResearch Publication(2024)Visit source
- Reference 4CARIBBEANTRAVELResearch Publication(2024)Visit source
- Reference 5GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 6IHRIMResearch Publication(2024)Visit source
- Reference 7RESEARCHGATEResearch Publication(2024)Visit source
- Reference 8HOTELNEWSNOWResearch Publication(2024)Visit source
- Reference 9WELLNESSLIVINGResearch Publication(2024)Visit source
- Reference 10PHOCUSWIREResearch Publication(2024)Visit source
- Reference 11TRAVELMARKETREPORTResearch Publication(2024)Visit source
- Reference 12EMARKETERResearch Publication(2024)Visit source
- Reference 13GREENLODGINGNEWSResearch Publication(2024)Visit source
- Reference 14OUTDOORADVENTURETRAVELResearch Publication(2024)Visit source
- Reference 15BOUTIQUEHOTELIERResearch Publication(2024)Visit source
- Reference 16LOYALTY360Research Publication(2024)Visit source
- Reference 17TRAVELWEEKLYResearch Publication(2024)Visit source
- Reference 18EUROHOTELREPORTResearch Publication(2024)Visit source
- Reference 19TECHCRUNCHResearch Publication(2024)Visit source
- Reference 20HOSPITALITYTECHResearch Publication(2024)Visit source
- Reference 21FOODANDWINEResearch Publication(2024)Visit source