The global travel accommodation market is estimated at $ +630 billion in 2019 and is expected to reach $ +890 billion by 2026, registering a CAGR of +4% from 2019 to 2026.
Travel accommodation is an accommodation that a traveler rents for the purpose of their stay. Travelers can choose from various types of travel accommodation, including hotels, hostels, resorts, and vacation rentals. The choice of an ideal stay can be determined by several factors, including the purpose and budget of the travel accommodation, the availability of the accommodation, and the reservation method. Accommodation can be booked from a variety of sources, including online travel agencies, hotel websites, booking through agencies, and direct bookings.
Top Key players:
Marriott International, Hyatt Hotels Corporation, Wyndham Destinations, Hilton Worldwide Holdings Inc., Accor Hotels Group, Radisson Hotel Group, Airbnb Inc., A&O Hotels and Hostels GmbH, Red Lion Hotels Corporation, Oyo Rooms.
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Global Travel Accommodation Market report released by Report Consultant is a structurally compiled elaboration of its dynamic assets in this market space. It throws light on the inner workings and technical complexities faced by businesses prevailing in the current market situation. It gives details regarding not only the present but also the prospective developments of this industry.
Segmentation of Travel Accommodation Market:
- Vacation Rental
By Price Point:
By Mode of Booking:
- Online Travel Agency
- Direct Bookings
The report systematically compiles statistical data and provides information regarding recent technological advancements, financial necessities and the nature of businesses in this market space. It provides a resourceful observation of different key players and development strategies implemented by them to gain momentum in the industry. It shows the tactics applied to increase popularity, accessibility, and efficiency of these products and services.
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The businesses in the Global Travel Accommodation Market are coming up with innovative solutions in the form of numerous products and services in an effort to fulfill the needs of dynamic consumers and their modern lifestyles. Regions showing significant progress in consumer demand are regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also addresses issues faced by new and existing businesses during the initial as well as developing phase of their venture into this industry. This gives businesses deep insight into all the small but significant factors to be kept in mind when building an approach for industries to thrive in current and prospective market space.
Objectives of the Study Report:
- Research and estimate the market size of the Travel Accommodation market from the viewpoint of value.
- Find global market growth and challenges.
- To study new services are launched in the market.
- To conduct price analysis in the global market.
- Categorize and evaluate key corporate aspects of the Travel Accommodation market.
To summarize, the report is a collaborative effort to aid readers to utilize systematic data to gain a perspective based on recent developments, statistics and underlying forces of this industry.
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