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
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Alternative
Prominent Alternative Tourism Market Trend for 2025: Innovative Sustainable Ecot …
What Are the Projected Growth and Market Size Trends for the Alternative Tourism Market?
Over the past few years, there has been a consistent growth in the alternative tourism market. Its worth is predicted to rise from $94.58 billion in 2024 to about $98.55 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.2%. The expansion during the historic phase can be credited to the elevated consciousness about the…
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…
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 Payment Solution: PayPal
ReportsWorldwide has announced the addition of a new report title Alternative Payment Solution: PayPal to its growing collection of premium market research reports.
In terms of transaction value, PayPal is the second-largest alternative payments service provider globally, after Alipay. It enables digital payments and offers acceptance solutions for consumers and merchants. The company specializes in online payments, mobile and e-commerce, fund transfers, payment processing, payment security and monetization services for developers.…
Traveltext's alternative Euro 2016
You don’t even have to be a sports fan to know that this summer, the England football team will be heading off to the latest major international tournament with the hopes of a nation resting on the shoulders of the likes of Wayne Rooney, Jamie Vardy and Dele Alli.
The fact that the tournament has expanded this year to include no fewer than 24 nations means that the eyes of Europe…
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…
