Hotel And Other Travel Accommodation Market Detail Analysis 2022 | Current Trends And Future Business Opportunities Forecast 2031

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The global hotel and other travel accommodation market report by the business research company identifies rising awareness is resulting in a large number of people travelling abroad to be a major growth driver for the hotel and other travel accommodation market. The increasing use of social media and access to mass media is positively impacting the tourism and hotel 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. According to a survey by Stackla, in 2019, 86% of people (and 92%of Gen Z) said they've become interested in a specific location after seeing user-generated content on social media . Also, the mass media is playing an important role in helping countries promote tourism by educating people about their culture.

The global hotel and other travel accommodation market grew from $645.44 billion in 2021 to $768.28 billion in 2022 at a compound annual growth rate (CAGR) of 19.0%. 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 hotel and other travel accommodation market is expected to grow to $1136.6 billion in 2026 at a CAGR of 10.3%.

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Asia Pacific was the largest region in the hotel and other travel accommodation in 2021. North America was the second largest region accounting in the global hotel and other travel accommodation market. The regions covered in the hotel and other travel accommodation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the hotel and other travel accommodation market are Marriott International, MGM Resorts International, Rewe Group, Ctrip.Com International Ltd, Intercontinental, Hilton Worldwide Holdings, Accor Hotels, TUI Group, Shanghai Jin Jiang International Hotels (Group) Company Limited.

The global hotel and other travel accommodation market is segmented -
1) By Type: Hotel And Motel, Bed And Breakfast Accommodation, All Other Traveler Accommodation
2) By Mode of Booking: Online Bookings, Direct Bookings, Others
3) By Application: Tourist Accomodation (Leisure), Official Business (Professional)
4) By Price Point: Economy, Mid-Range, Luxury
5) By Ownership: Chained, Standalone

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The Hotel And Other Travel Accommodation Market Report Contents Include
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
....
22. Market Background: Non-Residential Accommodation Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

This 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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