Overwater bungalows originated nearly 60 years ago in Tahiti. The first rooms cost $240 a night. Today, experts say they're a staple in the luxury travel market.

The accommodations have since expanded in region, size, and amenities. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go.

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement The first overwater bungalow had a thatched roof, a small window peering into the ocean, and a wooden ladder leading into the water.

Fast-forward 60 years, and some overwater villas now feature multi-story water slides, infinity pools, and personal butlers — and they can cost upwards of $8,000 a night at some of the world's ritziest resorts. There's no doubt the accommodation style has expanded since its start in Tahiti in 1967, and travel experts agree they aren't going away anytime soon. This story is available exclusively to Business Insider subscribers.

Become an Insider and start reading now. Have an account? Log in . Instead, the overwater villa has become a status symbol of luxury travel.

Advertisement The original overwater bungalows. Vaihiria Kelley The start of the over.