Hotel And Other Travel Accommodation Market Is Likely To Witness A Massive Surge In The Growth And Demand Rate In The Forecast Period 2022-2031

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According to The Business Research Company's hotel and other travel accommodation market report, the market size reached a value of nearly $645.44 billion in 2021, decreased at a compound annual growth rate (CAGR) of -6.0% since 2016. The market is expected to grow from $645.44 billion in 2021 to $1,160.79 billion 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 $1,453.44 billion in 2031.

Economic growth in developed nations, growing millennial travelers, rising participation in outdoor activities, rising spend on leisure, technological developments and a shift in travel trends will drive market growth.

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The hotel and other travel accommodation market is segmented -
• By Type: Hotel And Motel, Bed And Breakfast Accommodation
• By Mode: Online Bookings, Direct 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the hotel and other travel accommodation market.

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

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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. 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.

The Table Of Content For The Hotel And Other Travel Accommodation Market Include:
1. Hotel And Other Travel Accommodation Market Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction
……
26. Market Background: Non-Residential Accommodation Services Market
27. Global Hotel And Other Travel Accommodation Opportunities And Strategies
28. Hotel And Other Travel Accommodation Market, Conclusions And Recommendations
29. Appendix
30. Copyright and Disclaimer

The Business Research Company's "Global Hotel And Other Travel Accommodation Market Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. 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. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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