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Hotel And Other Travel Accommodation Market 2023: International Expansion, Growth Factors, Future Demand And Key Players Analysis Till 2032 | Marriott International, MGM Resorts International, Rewe Group, Ctrip.Com International Ltd., Intercontinental
Hotel And Other Travel Accommodation Market
The Business Research Company's Hotel And Other Travel Accommodation Global Market Report 2023 identifies increasing use of social media as the major driver for the Hotel And Other Travel Accommodation Market's growth in the forecast period. 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 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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Major competitors 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
Read More On The Global Hotel And Other Travel Accommodation Market Report Here:
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The Hotel And Other Travel Accommodation Market is segmented -
By Type: Hotel And Motel, 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.
The Business Research Company's "Global Hotel And Other Travel Accommodation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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