Hotel And Other Travel Accommodation Market 2023 Analysis By Size, Share, Growth, Trends Up To 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

Hotel And Other Travel Accommodation Market Size, Growth Rate, And Forecast
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 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 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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Hotel And Other Travel Accommodation Market Drivers
The increasing use of social media and access to mass media is positively impacting the tourism and hotel industries.

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Hotel And Other Travel Accommodation Market Segments
1) By Type: Hotel And Motel, Bed And Breakfast Accommodation, All Other Traveler Accommodation
2) By Mode of Booking: Online Bookings, Direct Bookings, Other Mode Of Booking
3) By Application: Tourist Accomodation (Leisure), Official Business (Professional)
4) By Price Point: Economy, Mid-Range, Luxury
5) 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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Hotel And Other Travel Accommodation Market Key Players
Major companies 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 Business Research Company's "Global Hotel And Other Travel Accommodation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Hotel And Other Travel Accommodation Market 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
……
21. Key Mergers And Acquisitions In The Hotel And Other Travel Accommodation Market
22. Market Background: Non-Residential Accommodation Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

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