Hotel And Other Travel Accommodation Market Future Trends Demand 2022, and Forecast to 2030 | CAGR 1%

In accordance with the Hotel And Other Travel Accommodation market is set to grow at a CAGR of 10% over a forecast period (2022-2030).

Hotels use technologies that transform the guest experience. Some technologies lead to big improvements and savings for hotels and other lodging markets. The most significant trend in the lodging industry is the use of near-field communication technology (NFC), infrared technologies, and robots. NFC gives users the ability to exchange data between devices, making mobile payments an instant and secure process. Infrared sensors are used in hotels to address guest complaints about service interruptions. Hotels also use robots to provide room amenities and for other functional purposes. Hoteliers invest in systems and technologies capable of automating processes, reducing costs, and personalizing the guest experience.

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The "Hotel And Other Travel Accommodation Market" Report includes qualitative and quantifiable insights into the major drivers, restraints, opportunities, and challenges affecting global market growth. The examination contains complete statistical market data on the major companies, as well as revenue forecasts. The Hotel And Other Travel Accommodation market study also includes information on the sales growth of many regional and country-level markets, as well as the competitive landscape and specific company analysis for the forecast period. The market report observes future growth aspects as well as the current status of market share, penetration of various types, technologies, applications, and geographies through 2030.

Hotel And Other Travel Accommodation Market Leading Players:

Marriott International, Hilton Worldwide, Wyndham Corporation, Hyatt Hotels Corporation, Four Seasons Hotels & Resorts

Recent Development:

Travel agencies and hotels are launching new offers to boost their sales. From special bubble vacations that promise personalized services from start to finish to 72-hour flash sales that offer free nights and up to 40% off select five-star hotels, chains, and travel agents implement other promotions during the holidays getting closer.

As the travel industry recovers during the Christmas season following the pandemic, Leisure Hotels Group, a leading chain of experimental resorts with a presence in scenic destinations in North India and Goa, announced the opening of The Hideaway Bedzzz in Rishikesh, the first property in this alternative accommodation segment.

This Research Considers the following Regions on Prime focus:

North America (U.S., Canada)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)

Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Regional Overview:

Asia Pacific was the largest region in the global hotel and other travel accommodation market, accounting for 37% of the market in 2020. North America was the second largest region accounting for 27% of the global hotel and other travel accommodation market. Africa was the smallest region in the global hotel and other travel accommodation market.

Global Hotel And Other Travel Accommodation Market Segmentation:

By type:

Hotel and Motel

Bed and Breakfast Accommodations

All Other Traveller Accommodations

By Mode of Booking:

Online Bookings

Direct Bookings

Others

By application:

Tourist Accommodation (Leisure)

Official Business (Professional)

By Price Point:

Economy

Mid-range

Luxury

By Ownership:

Chained

Standalone

Year Considered Estimating the Market Size:

Historical Years: 2017-2021

Base Year: 2022

Estimated Year: 2022

Forecast Period: 2023-2030

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Report Aim and Scope:

An overview of the Hotel And Other Travel Accommodation market based on geographical scope, segmentation, and financial performance of key players is presented in the report.
The report presents the estimated Hotel And Other Travel Accommodation market size by the end of the forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year-on-Year Growth (%) and compound annual growth rate (CAGR) for the given forecast period are offered.
The report presents current trends in the industry and the future scope of the market in North America, Asia Pacific, Europe, Latin America, and Europe.
The various parameters accelerating the growth of the Hotel And Other Travel Accommodation market is incorporated in the research report.
The report analyzes the growth rate, market size, and valuation of the market during the forecast period.

Key Reasons to Purchase:

- To gain insightful analyses of the market and have a comprehensive understanding of the global market and its industrial landscape.

- To identify and analyze the profile of leading players operating in the global Hotel And Other Travel Accommodation market.

- To understand the most affecting driving and restraining forces in the market and their impact on the global market.

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