2.8.6Segment

Resorts & Destination Properties

Resort operators providing full-service vacation experiences at beach, ski, golf, and destination properties.

4
Verticals

Overview

Resorts & Destination Properties provide full-service vacation experiences at beach, ski, golf, and destination locations, including vacation camps and all-inclusive resorts. They combine lodging with amenities, dining, and activities to capture a larger share of vacation spending.

Demand is leisure-driven and recovered strongly post-pandemic, with destination and experiential travel in favor. The segment spans branded resort operators, independent properties, and the destination-camp and all-inclusive models, with consolidation among branded resort platforms.

Market snapshot

Market size
~$3.7B
Growth
~2.7%CAGR (2017–22, nominal)
Companies
~3,000
FragmentationFragmented

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 721214 (Recreational & Vacation Camps); broader resort lodging overlaps hotels (721110).

Business model & economics

Revenue model
Lodging plus amenities, dining, and activity revenue
Recurring revenue
Low — seasonal and trip-driven
EBITDA margin
Amenity-rich; higher per-guest revenue than basic lodging
Capex intensity
High
  • Bundles lodging with amenities to capture vacation spend.
  • Leisure- and experiential-driven demand recovery.
  • Spans branded, independent, and all-inclusive models.

M&A deal context

Moderate deal activity

Who’s acquiring

Branded resort operatorsHospitality REITs and investorsPE-backed resort platforms

What’s driving deals

  • Consolidation among branded resort platforms.
  • Destination and experiential travel demand.
  • Amenity-led per-guest revenue advantages.

Verticals in this segment

  • 2.8.6.1All-Inclusive Resorts

    Resorts bundling accommodation, food, beverages, and activities.

  • 2.8.6.2Beach & Tropical Resorts

    Destination beach resort operators in tropical locations.

  • 2.8.6.3Golf & Spa Resorts

    Golf resort operators with premium amenity and spa offerings.

  • 2.8.6.4Ski & Mountain Resorts

    Mountain resort operators providing ski access and lodging.

Find Resorts & Destination Properties acquisition targets

Search Acquisera’s index for companies classified under Resorts & Destination Properties (2.8.6) and build a targeted deal pipeline.

Search companies