Market Overview:
The global casino hotel market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing number of tourists and gamblers across the globe. In addition, the growing demand for luxury hotels is also propelling the growth of this market. Based on type, the global casino hotel market can be segmented into sea casino hotel and land casino hotel. The sea casino hotel segment is projected to register a higher CAGR during the forecast period as compared to that of land casino hotels, owing to its luxurious features and amenities offered by these hotels. Based on application, the global Casino Hotel Market can be divided into tourist, gambler and others segments. Among these segments, tourist segment is anticipated witness highest growth rate over next few years due rising disposable income coupled with inclination towards spending holidays in exotic locations with family or friends .
Product Definition:
A casino hotel is a type of hotel that features a casino on the premises. The importance of casino hotels lies in their ability to attract customers who are looking for both gambling and lodging accommodations.
Sea Casino Hotel:
Sea casino hotel is a portmanteau of the words sea and casino. The first time it was used in print was in an article published by the New York Sun newspaper on April 15,1903, although some sources credit American Tobacco Company with inventing it. It has since then been widely used in reference to any gambling establishment that is located on a ship or at least partially land-based.
Land Casino Hotel:
Casino hotels are a collection of buildings or a group of buildings, which are used to house gaming machines and/or games. The land casino hotel is the portion of land on which the building(s) for gaming machine and/or game stands. It includes non-gaming structures as well such as parking spaces, restaurants, shops etc.
The size of the land casino hotel can vary from small to large in nature depending upon its use by various casinos across the world.
Application Insights:
The tourist application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the increasing number of travelers and high spending tourists from Asia Pacific and North America. Furthermore, favorable government policies towards tourism development are expected to drive demand over the forecast period.
The others application segment includes events held at casino hotels, such as boxing matches, political gatherings and charity events that attract a large crowd. Such occasions lead to an increase in room bookings as well as food & beverage (F&B) expenditure by customers at casino hotels across the world. Charity gaming event organized by companies or organizations also contribute significantly towards market growth owing to increased F&B spend on behalf of customers who volunteer for such gamesters association events or company-sponsored poker runs/raffle draws where participants pay entry fees which are then donated back into charity funds managed by organizers with whom they have contracts with respect to use of their names, likenesses etc.
Regional Analysis:
Europe dominated the global casino hotel market in 2017. The growth is attributed to the presence of a large number of casinos, which are regulated by gambling laws and authorized by governments. For instance, according to Gaming Intelligence (G2I) Ltd., as of 2016, there were 1,ounge casino and 546 full-service casinos in Europe. Asia Pacific is expected to witness significant growth over the forecast period owing to increasing disposable income levels among consumers coupled with rising popularity for legalized gambling activities such as lotteries and betting on sports events & horse races.
The U.S., being one of the most lucrative markets for Las Vegas Sands Corporation; MGM Resorts International; Wynn Resorts Limited; Caesars Entertainment Corporation; PokerStars Inc.;Bodog Group Inc.
Growth Factors:
- Increasing demand for casino hotels from tourists and business travelers alike.
- Rising disposable incomes in developing countries, fueling demand for luxury travel products and services, including casino hotels.
- Casino hotel operators focusing on expanding their presence in key tourist destinations worldwide.
- Proliferation of online gambling platforms that are driving interest in visiting physical casinos, including casino hotels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Casino Hotel Market Research Report
By Type
Sea Casino Hotel, Land Casino Hotel
By Application
Tourist, Gambler, Others
By Companies
Caesars Entertainment Corporation, MGM Grand, Las Vegas Sands Corporation, Wynn Resorts Limited, Bellagio
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Casino Hotel Market Report Segments:
The global Casino Hotel market is segmented on the basis of:
Types
Sea Casino Hotel, Land Casino Hotel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tourist, Gambler, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caesars Entertainment Corporation
- MGM Grand
- Las Vegas Sands Corporation
- Wynn Resorts Limited
- Bellagio
Highlights of The Casino Hotel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sea Casino Hotel
- Land Casino Hotel
- By Application:
- Tourist
- Gambler
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Casino Hotel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Casino Hotel is a hotel and casino located in the heart of Atlantic City, New Jersey. The property opened on May 27, 1978 as the first casino resort in Atlantic City. It was purchased by MGM Mirage in 2000 and underwent a $1 billion renovation that was completed in 2006.
Some of the key players operating in the casino hotel market are Caesars Entertainment Corporation, MGM Grand, Las Vegas Sands Corporation, Wynn Resorts Limited, Bellagio.
The casino hotel market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Casino Hotel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Casino Hotel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Casino Hotel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Casino Hotel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Casino Hotel Market Size & Forecast, 2020-2028
4.5.1 Casino Hotel Market Size and Y-o-Y Growth
4.5.2 Casino Hotel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sea Casino Hotel
5.2.2 Land Casino Hotel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Tourist
6.2.2 Gambler
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Casino Hotel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Casino Hotel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sea Casino Hotel
9.6.2 Land Casino Hotel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Tourist
9.10.2 Gambler
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sea Casino Hotel
10.6.2 Land Casino Hotel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Tourist
10.10.2 Gambler
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sea Casino Hotel
11.6.2 Land Casino Hotel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Tourist
11.10.2 Gambler
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sea Casino Hotel
12.6.2 Land Casino Hotel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Tourist
12.10.2 Gambler
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sea Casino Hotel
13.6.2 Land Casino Hotel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Tourist
13.10.2 Gambler
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Casino Hotel Market: Competitive Dashboard
14.2 Global Casino Hotel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caesars Entertainment Corporation
14.3.2 MGM Grand
14.3.3 Las Vegas Sands Corporation
14.3.4 Wynn Resorts Limited
14.3.5 Bellagio
