Press release
Alternative Accommodation Market Size & Share Analysis, Growth, and Report, 2025-2032
The alternative accommodation market size was valued at USD 181.50 billion in 2024 and is expected to be worth USD 210.59 billion in 2025. The market is projected to reach USD 602.14 billion by 2032, recording a CAGR of 16.19% during the forecast period.Alternative accommodations refer to properties, such as homestays, hostels, and vacation rentals that are designed to offer affordable living options to travelers. These types of properties are popular among travelers who are looking for accommodations that fit their budget. They are also ideal for individuals traveling in large groups as they offer large spaces. The increasing frequency of traveling every year is one of the major factors that will boost the demand for alternative accommodations.
However, the COVID-19 outbreak caused a major decline in the growth of this market as lockdowns and travel restrictions imposed by governments across the world forced travel enthusiasts to stay indoors, thereby decreasing the number of guests at non-traditional accommodations. But as the market started recovering as travel restrictions were lifted after the pandemic.
Fortune Business InsightsTM displays this information in a report titled, "Alternative Accommodation Market, 2025-2032."
Get A Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/alternative-accommodation-market-112090
List of Key Players Mentioned in the Alternative Accommodation Market Report:
‣ MakeMyTrip Limited (India)
‣ Airbnb, Inc. (U.S)
‣ Booking.com (Netherlands)
‣ TripAdvisor, Inc. (U.S)
‣ HomeToGo (Germany)
‣ Vrbo (U.S)
‣ Trivago N.V. (Germany)
‣ Trip.com Group Limited (Singapore)
‣ Wyndham Destinations Inc. (U.S)
‣ holidu.co.uk (U.K)
Segmentation Alternative Accommodation Market
Large Space and Comfort Offered by Vacation Rentals Boosted Their Demand among Travelers
Based on type, the market is divided into vacation rentals, hostels, homestays, camping, and others. The vacation rental segment dominated the market in 2024 as vacation rentals offer the much-needed comfort and privacy to travelers. They also offer large spaces, which is suitable for large groups of travelers.
Online Booking Platforms Gained Traction Due to Their Convenience
Based on booking mode, the market is bifurcated into online and offline. The online segment is expected to hold the largest alternative accommodation market share as online booking platforms offer great convenience to travelers while booking their accommodation. These platforms can also help them compare prices of various properties before making the final decision.
The global market report analyzes the market's growth across regions, such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Tariff Impact Analysis of Alternative Accommodation Market:
https://www.fortunebusinessinsights.com/alternative-accommodation-market-112090
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading types, booking modes, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Rising Volume of Travelers to Boost Market Growth
The number of travelers is increasing at a steady pace across the world due to various factors, such as increasing disposable incomes and rise in the availability of cost-effective travel options. Many travel enthusiasts are also increasingly exploring newer destinations, which will boost the demand for alternative accommodation properties as they offer travelers unique experiences. Many individuals also choose to stay in hostels as they get to interact with different tourists, thereby enriching their overall travel experience.
However, many tourists still prefer to stay at hotels, as they offer a wider variety of amenities as compared to alternative accommodations. This factor can impede the market's growth.
Regional Insights:
Europe Dominates Global Market Due to High Number of Tourist Attractions
Europe is dominating the global alternative accommodation market growth as countries, such as the U.K., Spain, France, Italy, and Germany are witnessing a strong influx in the number of tourists every year. These countries have a vast number of major tourist attractions, which will increase the demand for alternative accommodation properties.
North America captured the second-largest market share in 2024 due to the growing number of individuals traveling to countries, such as the U.S. and Canada for travel or business purposes.
Competitive Landscape:
Market Players to Focus on Launching New Properties and Offering Diverse Facilities to Gain Strong Competitive Edge
Some of the top companies driving the alternative accommodation market share are focusing on introducing new properties and launching novel and diverse facilities to help them attract new travelers from across the world. These strategies will help them gain a strong competitive edge against other companies.
Read Related Insights:
Adventure Tourism Market
https://www.fortunebusinessinsights.com/alternative-accommodation-market-112090
Travel Accommodation Market
https://www.fortunebusinessinsights.com/travel-accommodation-market-110515
Key Industry Development:
December 2024: Eric Breon, founder of Vacasa, a U.S.-based vacation rental management company, launched Fairly, a vacation rental management startup.
Contact Us:
Fortune Business InsightsTM Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business InsightsTM offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Alternative Accommodation Market Size & Share Analysis, Growth, and Report, 2025-2032 here
News-ID: 4017171 • Views: …
More Releases from Fortune Business Insights
Organic Foods Market Poised for Remarkable Growth, set to Reach USD 529.64 billi …
The global organic foods market was valued at USD 177.08 billion in 2023 and is anticipated to reach USD 199.35 billion in 2024, eventually growing to USD 529.64 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of 12.99% during the forecast period. In 2023, Europe led the global organic foods market, accounting for 44.17% of the market share.
The organic food market in the United States is…
Flavors and Fragrances Market Poised for Remarkable Growth, set to Reach USD 42. …
The global flavors and fragrances market was valued at USD 27.50 billion in 2023 and is expected to grow to USD 42.27 billion by 2032, rising from USD 28.72 billion in 2024. This growth reflects a CAGR of 5.0% over the forecast period.
The market is anticipated to grow during the projected period due to rapid development in the pharmaceuticals and cosmetics sector. Fortune Business InsightsTM publishes this information in…
Microalgae Market Poised for Remarkable Growth, set to Reach USD 1,376.42 millio …
The global microalgae market was valued at USD 782.59 million in 2024 and is expected to grow to USD 841.30 million in 2025, reaching USD 1,376.42 million by 2032 at a CAGR of 7.29% over the forecast period. In 2024, North America led the market, holding a 37.2% share.
In the United States, the microalgae market is anticipated to reach USD 373.07 million by 2032, largely due to its growing use…
Luxury Packaging Market Poised for Remarkable Growth, set to Reach USD 28.23 bil …
The global luxury packaging market size was valued at USD 17.98 billion in 2023 and is expected to be worth USD 18.79 billion in 2024. The market is projected to reach USD 28.23 billion by 2032, recording a CAGR of 5.22% during the forecast period.
Luxury packaging is a state-of-the-art style of packaging that increases the overall visual appeal of a product and also helps companies improve their brand image. Several…
More Releases for Alternative
Dairy Alternative Market
The Global Dairy Alternative Market growth rate continues to gain remarkable momentum during the present decade. Manufacturers and users have acknowledged the nutritional efficacy of products offered by this industry. This is partially because of the efforts taken to expand the sources of dairy products to meet the heightened demand from growing population. However, the aggressive promotion of the trend for going vegan and animal-friendly is what delivered this market…
Dairy Alternative Market
SAN FRANCISCO, May. 03, 2018 According to a new report published by Variant Market Research, the global dairy alternative market size is forecasted to reach $28,745 Million by 2025 from $10,709 million in 2017, growing at a 13.1% from 2017 to 2025. Geographically, the global dairy alternatives market is dominated by Asia-Pacific region.
Click Here to Request…
Alternative Payment Solution Skrill Market and Alternative Payment Solution Mast …
Alternative Payment Solution: Skrill and Masterpass Market the Report include basic information like information, scope, facts and industry chain overview, industry policies and plans, product specifications, manufacturing processes, cost structures and so on.
Skrill is a global payments solution provider headquartered in London. It was founded in 2001 as Moneybookers, and renamed as Skrill in 2010. It allows users to store payment details in the Skrill digital wallet, which they can…
Alternative Sweetener Market: Consumer Preference for Alternative HIS on the Ris …
Global Alternative Sweetener Market: Snapshot
The global alternative sweetener market is likely to experience a modest but reliable rate of growth over the coming years. One of the key drivers in favor of the global alternative sweetener market currently is the increasing demand for healthier low-calorie foods, especially in urban areas of core market regions. Manufacturers in the market are trying to develop and launch multiple types of sugar substitutes, primarily…
Alternative to Pesticide - Dynatrap
The nature’s bounty revel in man’s admiration, not in intervention. No wonder, we are living in an era where clean air and pure water will soon be a matter of past, finding its place only in school textbooks. Another alarming issue is the mounting problem of mosquitoes and mosquito-borne diseases with which the developing countries are grappling with. When the market is mushrooming with myriad options of mosquito repellents claiming…
Alternative: Stud-Welding
Increased productivity and flexibility for the installation of pipe, tube, hose and cable clamps
In many areas, stud welding is considered to be the most economic fastening method for components and is sometimes even the only technically feasible solution. Because the stud is joined with the substructure over the entire surface of the stud without any hollow areas, a high strength of the joint can be achieved.
Stauff is now using this…
