Hotel And Other Travel Accommodation Market Industry Trends And Emerging Opportunities, Top Key Players by 2030 | Impact of COVID-19 Analysis

The Business Research Company offers "Hotel And Other Travel Accommodation Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global hotel and other travel accommodation market is expected to decline from $956.4 billion in 2019 to $953.2 billion in 2020 at a compound annual growth rate (CAGR) of -0.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $1227.1 billion in 2023.

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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.

Technological advances are enabling firms to deliver personalized services by obtaining customer intelligence. Companies are providing customized promotions and offers by collecting vital information about consumers’ likes, dislikes and preferences by using social media and technologies such as mobile software applications that track customer behavior. . Hotels are now offering personalized menus, lighting, and other services based on customer information available from previous visits or intelligence gathered from social media. The Four Seasons Hotel spent $18 million to revise their website which will deliver personalized dynamic web pages to potential customers.

Hotel And Other Travel Accommodation Market Segmentation:
By Type
1.Hotel And Motel
2.Casino Hotels
3.Bed And Breakfast Accommodation
4.All Other Traveler Accommodation

By Mode of Booking
1.Online Bookings
2.Direct Bookings Others

By Application
1.Tourist Accomodation (Leisure)
2.Official Business (Professional)

By Price Point
1.Economy
2.Mid-Range
3.Luxury

By Ownership
1.Chained
2.Standalone

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Hotel And Other Travel Accommodation Market Characteristics
4. Hotel And Other Travel Accommodation Market Product Analysis
5. Hotel And Other Travel Accommodation Market Supply Chain
....
20. Key Mergers And Acquisitions In The Hotel And Other Travel Accommodation Market
21. Market Background: Non-Residential Accommodation Services Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the hotel and other travel accommodation market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the hotel and other travel accommodation market are Marriott International, Hilton Worldwide, Wyndham Corporation, Hyatt Hotels Corporation, Four Seasons Hotels & Resorts

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