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Peer-to-Peer Accommodation Market by Type of accommodation, Application, Manufacturer, Sales & Forecast, 2026

06-06-2019 06:22 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Peer-to-Peer Accommodation Market

Peer-to-Peer Accommodation Market

According to a new report published by Allied Market Research, titled,"Meat Processing Equipment Market by Type, Meat Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the meat processing equipment market was valued at $10,968 million in 2017, and is projected to reach $18,817 million by 2025, growing at a CAGR of 6.9% from 2018 to 2025. North America is one of the prominent consumers of meat processing equipment, accounting for more than 36.3% of the total market in 2017.

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Meat is either consumed as a processed meat product or as a component of kitchen-style food preparations. Processed meat is a meat that is modified to improve its taste and shelf life. Processed meat products, although in some regions still in their infancy, are globally gaining ground in popularity and consumption volume. The demand for processed meat is expected to increase due to surge in consumer demand for food products with multifunctional nutrition benefits. Therefore, meat processing equipment are designed based on the specific end-use requirements. In addition, automated food processing equipment has experienced an increase in demand due to increasing focus on production efficiency and cost reduction.

Increasing connectivity facilitated by online social network platforms allows people to share access to their houses, rooms, products, and services for a fee or other compensation. This phenomenon, also termed as peer-to-peer (P2P) accommodation, has gained prevalence in travel & tourism marketplaces in the past few years. A number of companies have developed relationships with property managers in different cities worldwide and offer accommodations according to consumer requirements. These companies form a global network of individuals to establish the demand and supply equation in hospitality and tourism industries.

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Major factors that drive the use of peer-to-peer accommodations are social appeal due to customers social motivation to get to know, interact, and connect with local communities, and economic appeal owing to the low cost of quality accommodation. Privacy and safety concerns are the prime factors hindering the market growth. Distrust towards the hosts and the online platform used to communicate and execute transactions deter travelers from using P2P accommodations. Participating in collaborative consumption is an opportunity for peers to develop connections with websites involved in collaborative business. Moreover, market players such as Airbnb have an opportunity to establish relations with property dealers to widen their consumer base.

The world peer-to-peer accommodation market is segmented based on application, type of accommodation, and geography. A large number of consumers opt for P2P accommodation in the tourism and hospitality industries. The market is also classified based on the type of accommodation such as single room, private room, and entire house/apartment. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America and Europe dominate the market for P2P accommodation.

The players operating in this market have developed scalable platforms that enable individuals to distribute and share access to excess capacity of accommodation. For the year 2015, Airbnb served more than 25 million guests, offering accommodation in more than 34,000 cities worldwide. Key players operating in this market are Airbnb Inc., Flipkey Inc., HomeAway Inc., Roomorama, HouseTrip Ltd., Wimdu, Lifealike Limited, HomeExchange.com, Couchsurfing International Inc., and MyTwinPlace. Airbnb Inc. is a leader, with more than 550,000 listings in 192 countries. Its listings include anything from a tree house to a castle, and its price range varies based on the type of accommodation. Moreover, few companies have a home exchange network for families traveling with kids. Visitors get information about local activities that children love and get connected to babysitters.

POTENTIAL BENEFITS FOR STAKEHOLDERS
Comprehensive analysis of the world peer-to-peer accommodation market is provided.

The report offers a competitive scenario of the market with current trends, future estimations, structure, driving factors, scope, opportunities, and challenges.

The report includes a comprehensive analysis of the key segments to provide insights on market dynamics.

Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.

Value chain analysis provides key inputs on the role of stakeholders involved at various stages.

PEER-TO-PEER ACCOMMODATIONMARKET SEGMENTATION
The world peer-to-peer accommodation market is segmented on the basis of application, type of accommodation, and geography.

BY TYPE OF ACCOMMODATION
Single Room
Private Room
Entire House/Apartment

BY APPLICATION
Tourism
Hospitality

BY GEOGRAPHY
North America
Europe
Asia-Pacific
LAMEA

KEY PLAYERS
Airbnb Inc.
Flipkey Inc.
HomeAway, Inc.
Roomorama
HouseTrip Ltd.
Wimdu
Lifealike Limited
HomeExchange.com
Couchsurfing International Inc.
MyTwinPlace

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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