This Underwater Hotels Sector Outlook market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Underwater Hotels Sector Outlook market.
Tourism has become an essential element of modern life. Underwater hotels are the new destinations for tourists. They are the future of vacationing. The idea of underwater hotels was developed by engineers, scientists, and technical specialists. Underwater hotels provide amusement beyond the imagination of tourists. Underwater hotels are the scope of water tourism development around the globe. Underwater hotels are ambitious developments by companies owning them. They are becoming a new obsession for hotels around the world. More and more businesses in Dubai and Sweden are constructing underwater hotels. Underwater hotels are expensive but are worth it. They come in the category of luxury hotels for vacations. Tourists can gaze marine life and experience underwater adventures. However, underwater hotels still have a long way to become a commercial reality. Underwater hotels can only be developed with the help of government support in the respective region. It is because they are massive construction projects and require a large sea surface to be cleaned.
Underwater Hotels: Activities
Along with the enthralling ambiance, underwater hotels provide tourists with extreme water sports activities, both motorised and non-motorised. Tourists can themselves drive a submarine through the lagoons. Canoeing, diving, fishing, snorkelling are water tourism activities provided by underwater hotels. Tourists seeking solitude can experience the epitome of relaxation by marine spa treatments. Meditation gazing the endless sky and endless ocean soothes tourists with inner peace. Dinner on the boat is also provided by underwater hotels.
Underwater Hotels: Trends
Underwater hotels provide tourists leisure along with entertainment and adventure. They are a perfect blend of privacy, romance and close encounters with sea life. There are also movable underwater hotels in the form of submarines, which makes their location flexible. They can be located in all the oceans of the world. Underwater wedding ceremonies can be organised at underwater hotels. Waterside bars, underground wine cellars are unique facilities of underwater hotels. Honeymoon packages for a romantic and marine honeymoon attract couples. Underwater hotels provide a view of ocean life from the honeymoon suite. They are luxury tourism destinations in the form of five-star hotels. Underwater hotels are the preferred destinations of ultra-high net worth individuals (UHNWI) around the world. They are a new sensation for high net worth people and the rich class.
Underwater Hotels: Challenges
There are many environmental issues involved with the construction of underwater hotels like a recycling of the wastes from the underwater hotels before dumping it into the sea or ocean. Removal of all the rocks, corals, seaweeds for the construction of underwater hotels disturbs the ecosystem of that marine region. The huge underwater hotel constructions are a threat to endangered marine species whether it be flora or fauna. Lights from these hotels create strange sleeping habits for marine animals. Food sources and habitats of marine animals are disturbed. Being a threat to the ocean life, underwater hotels are not sustainable development projects. Many investors are withdrawing their money from the ongoing underwater hotel projects. The cost of developing underwater hotels is exorbitant. Underwater, hotels require ultra-modern architecture with most advanced technology to build. Therefore their construction is expensive as well as time-consuming. The atmospheric pressure in the underwater hotels needs to be the same as it is on land so that tourists can spend their vacations without any health hazard risk.
Underwater Hotels: Outlook
It is a fact that tourists have long been fascinated by ocean creatures and everything else under the ocean. Underwater hotels are projected to create a robust sector development in the future. There are many underwater hotels in construction phase like “The Hydropolis Under Water Hotel and Resorts” in Dubai. Once operations of the resort start, it can greet 3500 guests in a day. There are others whose prototype is in the planning stage like “The Planet Ocean Under Water Hotel in Key West Florida. Planet Ocean is also aiming to donate 10 percent of its proceeds for coral reef restoration, which is a step towards sustainable development. Underwater hotels are constructed keeping in mind the natural disasters happening in the sea like tsunamis and storms.
Underwater Hotels: Famous Resorts
The Manta Hotel located on Pemba Island in Zanzibar in Africa is 13 feet deep in the sea. The Poseidon Undersea Resorts Fiji makes tourists explore oceans’ depths with its 1000 foot luxury submersible. The Huvafen Fushi Resorts Maldives is the pioneer of the underwater spas. The Apeiron Island Hotel UAE offers tourists shark suites – tourists can sleep in rooms surrounded by sharks. Shimao Group China, Deep Water Technology UAE, Underwater Hotel Dubai, and The Kwanini Co. are few of the world known companies engaged in the construction of underwater hotels.
This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.
The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.
The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.
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- An overview of the sector, including the key factors that have shaped patterns and demand
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- Nuanced underlying factors that influence consumer behaviour
- Data points to understand the past, analyse the present, and project the future
- Trends that will impact the sector in the short- and long-term
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Frequently Asked Questions
What research methodology is used to develop the Underwater Hotels Sector Outlook report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Underwater Hotels Sector Outlook. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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In addition to up-to-date market figures and customized of the Underwater Hotels Sector Outlook, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.