U.S. Hotels, Resorts, and Cruise Lines Market Size, Share, Growth Analysis, By Type(Hotels, Resorts and Cruise) - Industry Forecast 2024-2031

U.S. Hotels, Resorts, and Cruise Lines Market size was valued at USD 238.82 Billion in 2022 and is poised to grow from USD 261.03 billion in 2023 to USD 531.68  Billion by 2031, at a CAGR of 9.3 % during the forecast period (2024–2031).

The U.S. hotels, resorts, and cruise lines market is highly competitive in nature, with several key players competing for the top share. The market is dominated by a few large players, but there are also many smaller players and regional players who offer unique products and services. These companies offer a range of products and services, including luxury and budget hotels, resorts, and cruise lines. They compete on price, location, quality, and the range of amenities and services offered to customers. The competitive landscape is constantly evolving, with new entrants and emerging technologies challenging established players. The COVID-19 pandemic has also impacted the competitive landscape, with some companies adapting to changing consumer needs and preferences, while others have struggled to survive. 'Marriott International', 'Hilton Worldwide Holdings Inc.', 'Wyndham Worldwide Corporation', 'InterContinental Hotels Group PLC', 'Hyatt Hotels Corporation', 'Choice Hotels International Inc.', 'Best Western Hotels & Resorts', 'Four Seasons Hotels and Resorts', 'The Ritz-Carlton Hotel Company, LLC', 'Mandarin Oriental Hotel Group', 'AccorHotels', 'Carnival Corporation & plc', 'Royal Caribbean Group', 'Norwegian Cruise Line Holdings Ltd.', 'Princess Cruises', 'Celebrity Cruises Inc.', 'Holland America Line', 'Disney Cruise Line', 'Oceania Cruises', 'Silversea Cruises'

The US hotels, resorts, and cruise lines market is driven by the growing travel and tourism industry. As more people travel for leisure and business, the demand for hotels, resorts, and cruise lines increases.

Increasing focus on sustainability: In recent years, the industry has shown a growing interest in sustainable practices, with many hotels and resorts implementing eco-friendly initiatives to reduce their environmental impact.

The Southeast region of the United States has been experiencing growth in the cruise industry, with Miami serving as the cruise capital of the world and Port Canaveral also experiencing significant expansion. The region is also home to several popular beach destinations such as Myrtle Beach, South Carolina, and the Florida Keys.