The global casino hotel industry, valued at approximately USD 191 billion in 2022, is on track for exceptional growth, with projections indicating a rise to USD 321.4 billion by 2033, at a CAGR of 4.8%. This surge can be attributed to the growing demand for integrated tourism experiences, combining luxury accommodations with world-class casino facilities.
Key Growth Drivers
The casino hotel market is witnessing a surge in demand, fueled by a series of factors:
- Tourism Boom: Increasing disposable income in emerging markets and an uptick in global tourism are driving more travelers toward luxury vacation options, including casino hotels, which offer the convenience of both lodging and entertainment under one roof.
- Growth of the Hospitality Sector: The hospitality industry’s double-digit growth in recent years has bolstered the casino hotel market, as travelers increasingly seek high-end, multi-faceted experiences.
- Integrated Experiences: With the combination of casinos, fine dining, leisure services, and accommodation in one venue, casino hotels offer unique experiences that appeal to tourists seeking both relaxation and excitement.
Regional Insights
- North America: Dominating the global market, North America accounted for 35% of the global casino hotel market share in 2022. The United States, home to iconic casino cities like Las Vegas, remains the world leader in casino tourism. Despite competition from online gaming platforms, the region’s physical casino hotels continue to thrive by introducing innovative services and unique experiences for guests.
- Asia Pacific: The Asia Pacific region is also poised for substantial growth, accounting for 29.85% of the global market share in 2022. Countries like Singapore, South Korea, and China are seeing rising demand for luxury vacations combined with casino experiences. Increasing investment in the gaming sector and favorable regulations in emerging markets like India further promise to fuel market expansion in the region.
Category-wise Insights
Among the various forms of gambling offered at casino hotels, poker remains the most popular game. In 2022, casinos where poker was prominently featured accounted for 45.8% of the global market share. The enduring popularity of poker, combined with its emphasis on skill and strategy, ensures its position as the top choice for casino visitors around the world.
The key players in this market include:
- Palms Casino Resort
- Caesars Entertainment Corporation
- City of Dreams Manila
- Eldorado Resort Casino
- Foxwoods Resort Casino
- Galaxy Entertainment Group Ltd
- MGM Resorts International
- Palms Casino Resort
- DraftKings Inc.
- Wynn Resorts Limited
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Key Segments Profiled in the Casino Hotel Market
By Type:
- Poker
- Blackjack
- Roulette
- Slots
- Others
By Consumer Orientation:
- Men
- Women
By Age Group:
- 18 to 35 Years
- 36 to 50 Years
- 50 Years and Above
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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