Non-Residential Accommodation Services Market 2023: Trends, Business Growth And Major Driving Factors, Forecast To 2032

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 non-residential accommodation services market report by The Business Research Company, 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.

The global non-residential accommodation services market grew from $830.65 billion in 2022 to $936.43 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-residential accommodation services market is expected to grow to $1165.63 billion in 2027 at a CAGR of 5.6%.

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Major competitors 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 non-residential accommodation services market is segmented -
By Type: Hotel And Other Travel Accommodation, Camping And Caravanning, Students And Workers Non-residential Accommodation

By Price Point: Economy, Mid-Range, Luxury

By Channel: Direct Sales, Distributor

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

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the non-residential accommodation services market.

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Non-residential accommodation refers to real estate that is not a dwelling, such as commercial or industrial space, a place of worship, a hotel, a hospital, a school, or a facility owned by the government. Non-residential accommodations include small businesses, commercial agriculture buildings, industrial buildings and warehouses.

The Table Of Content For The Non-residential accommodation services market 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

The "Global Non-residential accommodation services 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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