Hospitality

Forecasting till 2030: Opportunities And Strategies In The Global Hotel And Other Travel Accommodation Market – Includes Hotel And Other Travel Accommodation Market Share

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The millennial population is driving the hotel and other travel accommodation market, as per The Business Research Company’s hotel and other travel accommodation market opportunities and strategies report.

 

The hotel and other travel accommodation market is expected to grow from $0.64 trillion in 2021 to $1.16 trillion in 2026 at a rate of 12.5%. The market is then expected to grow at a CAGR of 4.6% from 2026 and reach $1.45 trillion in 2031.

 

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Major players in the hotel and other travel accommodation market include Marriott International, MGM Resorts International, Ctrip.Com International Ltd, Intercontinental, Downer EDI Limited.

 

Innovative hotel design is a key trend gaining popularity within the hotel industry as guests are looking for more ‘inside the hotel’ experiences. This drives hotel managers to ensure that all parts of their hotels are as welcoming as the lobby. Resulting in more innovations to design and aesthetics involving more comfortable and accommodating spaces. Vibrant colored interiors and access to the internet at every location are common.

 

The Global Hotel And Other Travel Accommodation Market Is Segmented:
By Type: Hotel And Motel, Casino Hotels, Bed And Breakfast Accommodation, Other Traveler Accommodation s

By Mode: Online Bookings, Direct Bookings, Other Mode Of Bookings

By Application: Tourist Accommodation (Leisure), Official Business (Professional)

By Price Point: Economy, Mid-Range, Luxury

By Ownership: Chained, Standalone

By Property Type: Hotels, Serviced Residences, Apartment Hotels, Co-Living, Other Property Types

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 is the largest region in the global hotel and other travel accommodation market.

 

TBRC’s Hotel And Other Travel Accommodation Market Report Covers:

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 Hotel And Other Travel Accommodation Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough hotel and other travel accommodation market research, analyzes and forecasts hotel and other travel accommodation market size, hotel and other travel accommodation market share, hotel and other travel accommodation market players, hotel and other travel accommodation market trends, hotel and other travel accommodation market segmentation and geographies, leading competitor revenues, profiles and market shares.

 

TBRC’s hotel and other travel accommodation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

The hotel and other travel accommodation market consists of sales of short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels by entities (organizations, sole traders or partnerships) that provide short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels. The establishments in this industry may offer food and beverage services, recreational services, conference rooms, convention services, laundry services, parking, and other services. Only goods and services traded between entities or sold to end consumers are included.

 

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