Non-Residential Accommodation Services Market Report 2022 - Industry Insights, New Trends, Recent Developments, And Forecast To 2031

The global non-residential accommodation services market report by the business research company identifies the increasing use of social media and access to mass media is positively impacting the tourism and non-residential accommodation industries. With tourists sharing their travel information, photographs, and videos on social media platforms, people are increasingly becoming aware of the tourist destinations and recreational experiences offered by different countries around the world. Also, the mass media is playing an important role in helping countries promote tourism by educating people about their culture. This rising awareness is resulting in a large number of people travelling abroad and is expected to drive growth in the non-residential accommodation industry during the forecast period..

The global non-residential accommodation services market grew from $719.93 billion in 2021 to $852.61 billion in 2022 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The non-residential accommodation services market is expected to grow to $1251.23 billion in 2026 at a CAGR of 10.1%..

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Asia Pacific was the largest region in the non-residential accommodation services market 2021. North America was the second largest region in the non-residential accommodation services market. The regions covered in the non-residential accommodation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major companies in the non-residential accommodation services market include Marriott International, MGM Resorts International, Rewe Group, Ctrip.Com International Ltd, Intercontinental, Hilton Worldwide Holdings, Accor Hotels, TUI Group and Shanghai Jin Jiang International Hotels (Group) Company Limited.

The global non-residential accommodation services market is segmented -
1) By Type: Hotel And Other Travel Accommodation, Camping And Caravanning, Students And Workers Non-residential Accommodation
2) By Price Point: Economy, Mid-Range, Luxury
3) By Channel: Direct Sales, Distributor
4) By Mode of Booking: Online Bookings, Direct Bookings, Others

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The Non-Residential Accommodation Services Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Non-Residential Accommodation Services Market Characteristics
4. Non-Residential Accommodation Services Market Product Analysis
5. Non-Residential Accommodation Services Market Supply Chain
....
22. Key Mergers And Acquisitions In The Non-Residential Accommodation Services Market
23. Market Background: Hospitality Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer

This report covers the trends and market dynamics of the non-residential accommodation services 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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