Hotel And Other Travel Accommodation Market Huge Growth, Opportunities, Segmentation, Future Scope, Rising Demand And Forecast 2023 - 2032: Marriott International, MGM Resorts International, Rewe Group, Ctrip.Com International Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the hotel and other travel accommodation market report by The Business Research Company, 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.

The global hotel and other travel accommodation market grew from $747.32 billion in 2022 to $846.64 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The hotel and other travel accommodation market is expected to grow to $1049.6 billion in 2027 at a CAGR of 5.5%.

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Major competitors in the hotel and other travel accommodation market include 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 hotel and other travel accommodation market is segmented -

• By Type: Hotel And Motel, Hotels, Bed And Breakfast Accommodation, All Other Traveler Accommodation

• By Mode of Booking: Online Bookings, Direct Bookings, Other Mode Of Booking

• By Application: Tourist Accomodation (Leisure), Official Business (Professional)

• By Price Point: Economy, Mid-Range, Luxury

• By Ownership: Chained, Standalone

• 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.

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The hotel and other travel accommodation market includes revenues earned by entities by providing short-term lodging services such 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. This market includes revenues from sales by restaurants to a delivery service but not the revenues of the delivery service itself. 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. Executive Summary
2. Hotel And Other Travel Accommodation Market Characteristics
3. Hotel And Other Travel Accommodation Market Trends And Strategies
4. Hotel And Other Travel Accommodation Market - Macro Economic Scenario
5. Hotel And Other Travel Accommodation Market Size And Growth
6. Hotel And Other Travel Accommodation Market Segmentation
………………
27. Hotel And Other Travel Accommodation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hotel And Other Travel Accommodation Market
29. Hotel And Other Travel Accommodation Market Future Outlook And Potential Analysis
30. Appendix

The "Global Hotel And Other Travel Accommodation Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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