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Non-Residential Accommodation Services Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Non-Residential Accommodation Services Market
The Business Research Company's Non-Residential Accommodation Services Global Market Report 2023 identifies increasing use of social media as the major driver for the Non-Residential Accommodation Services 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 non-residential accommodation services market size has grown rapidly in recent years. It will grow from $957.72 billion in 2023 to $1,090.61 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. It will grow to $1,309.06 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
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Major competitors in the Non-Residential Accommodation Services market are Marriott International, MGM Resorts International, Rewe Group, Ctrip.Com International Ltd., Intercontinental, Hilton Worldwide Holdings, Accor Hotels.
A key trend in the Non-Residential Accommodation Services market includes outbreak of COVID-19 disease. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down.' The outbreak has had a negative impact on businesses throughout 2020 and into 2021.
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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.
The Business Research Company's "Global Non-Residential Accommodation Services 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 Non-Residential Accommodation Services Market Include:
1. Executive Summary
2. Non-Residential Accommodation Services Market Characteristics
3. Non-Residential Accommodation Services Product/Service Analysis -Product/Service Examples
4. Non-Residential Accommodation Services Market Trends And Strategies
5. Non-Residential Accommodation Services Market - Macro Economic Scenario
……………
68. Global Non-Residential Accommodation Services Market Competitive Benchmarking
69. Global Non-Residential Accommodation Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Non-Residential Accommodation Services Market
71. Non-Residential Accommodation Services Market Future Outlook and Potential Analysis
72. Appendix
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