Learn about the global non-residential accommodation services market through The Business Research Company, which provides information on non-residential accommodation services market size, non-residential accommodation services market drivers and restraints, non-residential accommodation services market players, the COVID-19 impact on the non-residential accommodation services market, and more.

The global non-residential accommodation services market size is expected to grow from $719.93 billion in 2021 to $869.81 billion in 2022 at a compound annual growth rate (CAGR) of 20.8%. The growth in the non-residential accommodation services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-residential accommodation services market is expected to reach $1,479.75 billion in 2026 at a CAGR of 14.2%.

The rising awareness is resulting in large number of people travelling abroad and is expected to drive growth in the non-residential accommodation industry during the forecast period.

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The non-residential accommodation services market consists of sales of non-residential accommodation services and related goods by entities (organizations, sole traders or partnerships) that provide lodging or short-term accommodation for travelers, vacationers, and others. There is a wide range of services provided in this market. Some establishments provide lodging only, while others provide meals, laundry services, and recreational facilities, as well as lodging. Lodging establishments are classified in this subsector even if the provision of complementary services generates more revenue. The types of complementary services provided vary from establishment to establishment.

Global Non-Residential Accommodation Services Market Segments Include:

By Type: Hotel And Other Travel Accommodation, Camping And Caravanning, Students And Workers Non-residential Accommodation

By Price Point: Economy, Mid-Range, Luxury

By Channel: Direct Sales, Distributor

By Mode of Booking: Online Bookings, Direct Bookings, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global non-residential accommodation services market in 2021.

Hotels are using technologies to improve customer experience and reduce operational costs. The most significant trends include the use of near field communication (NFC) technology, infrared technologies, and robots. NFC gives users the ability to exchange data between devices, making mobile payments an instant, secure process. Infrared sensors are used in hotels to address customer complaints involving housekeeping interruptions. Hotels are also using robots to deliver amenities to guest rooms and for other functional purposes. Hotel operators are investing in systems and technologies that can automate processes and can personalize the experience for guests.

TBRC’s non-residential accommodation services market report covers:

Major Market Players: Marriott International, Hilton Worldwide, Wyndham Corporation, Hyatt Hotels Corporation, Four Seasons Hotels & Resorts.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Non-Residential Accommodation Services Global Market Report 2022:  Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides non-residential accommodation services market overviews, analyses and forecasts market size, share, non-residential accommodation services market players, non-residential accommodation services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s non-residential accommodation services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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