Liberalization of visa regulations in many countries is driving growth

DUBLIN, November 11, 2022 /PRNewswire/ — The report “Travel Accommodation Market by Type, By Application, By Price Tier, By Booking Method: Global Opportunities Analysis and Industry Forecast, 2021-2031” has been added to from ResearchAndMarkets.com offer.

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The global travel accommodation market has been valued at $632.80 billion in 2021, and should reach $1,974.30 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.

Travel accommodation refers to the accommodation service rented by travelers as part of a stay. Travelers can choose from different types of travel accommodations available, including hotels, hostels, resorts, vacation rentals, and others. The ideal choice of stay can be determined based on several factors such as the purpose and budget of the travel accommodation, the availability of the property and the mode of booking. Accommodation can be booked through a variety of sources including online travel agencies, hotel websites, agent bookings and direct bookings.

The liberalization of visa regulations in many countries such as Africa, Indiaand China, have facilitated the movement of visitors, which is a key factor that is expected to have a positive impact on the growth of the travel and tourism industry. This has influenced the tourist accommodation market by tourists as it has made travel more convenient. In addition, the increase in consumer spending in countries such as India, Australiaand New Zealand contributes significantly to the growth of the global travel accommodation market. This is mainly attributed to fluctuations in exchange rates.

A decline in the value of a host country’s currency is expected to attract inbound tourism, which should have a positive effect on the tourist accommodation industry. However, widespread scams and fraud attacks in the online travel accommodation booking industry are expected to restrain the growth of the global market. On the contrary, the trend of solo travel has gained considerable prominence in the recent past, which is expected to drive the demand for budget travel accommodation such as hostels, capsule hotels, paying customers and others, thereby offering profitable opportunities for the market. expansion.

The global travel accommodation market is segmented into type, application, price, mode of booking and region. The type segment includes hotels, inns, resorts, vacation rentals and others. Applications covered in the study include hobby, professional, and others. Based on price, the market is categorized into economy, midrange, and luxury. According to the mode of booking, it is separated into online travel agency, hotel website and others. Region wise it is studied through North America (WE, Canadaand Mexico), Europe (Germany, SpainUK, Italy, France, Swissand the rest of Europe), Asia Pacific (India, China, Japan, Australiaand the rest of Asia Pacific) and LAMEA (Latin America, Middle Eastand Africa).

The major players of global travel accommodation industry which have been analyzed in this report are Marriott International, Hyatt Hotels Corporation, Wyndham Destinations, Hilton Worldwide Holdings Inc., Accor Hotels Group, Radisson Hotel Group, Airbnb Inc., A&O Hotels and Hostels GmbH. , Red Lion Hotels Corporation and Oyo Rooms.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key findings
3.2.1. Main pockets of investment
3.3. Porter’s Five Forces Analysis
3.4. Positioning of the best player
3.5. Market dynamics
3.5.1.Drivers
3.5.2. Constraints
3.5.3.Opportunities
3.6.COVID-19 Market Impact Analysis
3.7.Market Share Analysis

CHAPTER 4: TRAVEL ACCOMMODATION MARKET, BY TYPE
4.1 Overview
4.1.1 Market Size and Forecast
4.2 Hotels
4.2.1 Key Market Trends, Growth Drivers and Opportunities
4.2.2 Market Size and Forecast, by Region
4.2.3 Market Analysis by Countries
4.3 Inns
4.3.1 Key Market Trends, Growth Drivers and Opportunities
4.3.2 Market Size and Forecast, by Region
4.3.3 Market Analysis by Countries
4.4 Stations
4.4.1 Key Market Trends, Growth Drivers and Opportunities
4.4.2 Market Size and Forecast, by Region
4.4.3 Market Analysis by Countries
4.5 Vacation Rentals
4.5.1 Key Market Trends, Growth Drivers and Opportunities
4.5.2 Market Size and Forecast, by Region
4.5.3 Market Analysis by Countries
4.6 Others
4.6.1 Key Market Trends, Growth Drivers and Opportunities
4.6.2 Market Size and Forecast, by Region
4.6.3 Market Analysis by Countries

CHAPTER 5: TRAVEL ACCOMMODATION MARKET, BY APPLICATION
5.1 Presentation
5.1.1 Market Size and Forecast
5.2 Recreation
5.2.1 Key Market Trends, Growth Drivers and Opportunities
5.2.2 Market Size and Forecast, by Region
5.2.3 Market Analysis by Countries
5.3 Professional
5.3.1 Key Market Trends, Growth Drivers and Opportunities
5.3.2 Market Size and Forecast, by Region
5.3.3 Market Analysis by Countries
5.4 Others
5.4.1 Key Market Trends, Growth Drivers and Opportunities
5.4.2 Market Size and Forecast, by Region
5.4.3 Market Analysis by Countries

CHAPTER 6: TRAVEL ACCOMMODATION MARKET, BY PRICE BRACKET
6.1 Overview
6.1.1 Market Size and Forecast
6.2 Economy
6.2.1 Key Market Trends, Growth Drivers and Opportunities
6.2.2 Market Size and Forecast, by Region
6.2.3 Market Analysis by Countries
6.3 Mid-range
6.3.1 Key Market Trends, Growth Drivers and Opportunities
6.3.2 Market Size and Forecast, by Region
6.3.3 Market Analysis by Countries
6.4 Luxury
6.4.1 Key Market Trends, Growth Drivers and Opportunities
6.4.2 Market Size and Forecast, by Region
6.4.3 Market Analysis by Countries

CHAPTER 7: TRAVEL ACCOMMODATION MARKET, BY BOOKING METHOD
7.1 Overview
7.1.1 Market Size and Forecast
7.2 Online travel agency
7.2.1 Key Market Trends, Growth Drivers and Opportunities
7.2.2 Market Size and Forecast, by Region
7.2.3 Market Analysis by Countries
7.3 Direct booking
7.3.1 Key Market Trends, Growth Drivers and Opportunities
7.3.2 Market Size and Forecast, by Region
7.3.3 Market Analysis by Countries
7.4 Others
7.4.1 Key Market Trends, Growth Drivers and Opportunities
7.4.2 Market Size and Forecast, by Region
7.4.3 Market Analysis by Countries

CHAPTER 8: TRAVEL ACCOMMODATION MARKET, BY REGION

CHAPTER 9: CORPORATE LANDSCAPE
9.1. Introduction
9.2. The best winning strategies
9.3. Top 10 Player Product Mapping
9.4. Competitive Dashboard
9.5. Competitive heatmap
9.6. Main developments

CHAPTER 10: COMPANY PROFILES
10.1 Marriott International
10.1.1 Company Overview
10.1.2 Company Overview
10.1.3 Operating business segments
10.1.4 Product Portfolio
10.1.5 Commercial performance
10.1.6 Key Strategic Movements and Developments
10.2 Hyatt Hotels Corporation
10.2.1 Company Overview
10.2.2 Company Overview
10.2.3 Operating business segments
10.2.4 Product Portfolio
10.2.5 Commercial performance
10.2.6 Key Strategic Movements and Developments
10.3 Wyndham destinations
10.3.1 Company Overview
10.3.2 Company Overview
10.3.3 Operating business segments
10.3.4 Product Portfolio
10.3.5 Commercial performance
10.3.6 Key Strategic Movements and Developments
10.4 Hilton Worldwide Holdings Inc.
10.4.1 Company Overview
10.4.2 Company Overview
10.4.3 Operating business segments
10.4.4 Product Portfolio
10.4.5 Commercial performance
10.4.6 Key Strategic Movements and Developments
10.5 Accor Hotels Group
10.5.1 Company Overview
10.5.2 Company Overview
10.5.3 Operating business segments
10.5.4 Product Portfolio
10.5.5 Commercial performance
10.5.6 Key Strategic Movements and Developments
10.6 Radisson Hotel Group
10.6.1 Company Overview
10.6.2 Company Overview
10.6.3 Operating business segments
10.6.4 Product Portfolio
10.6.5 Commercial performance
10.6.6 Key Strategic Movements and Developments
10.7 Airbnb Inc.
10.7.1 Company Overview
10.7.2 Company Overview
10.7.3 Operating business segments
10.7.4 Product Portfolio
10.7.5 Commercial performance
10.7.6 Key Strategic Movements and Developments
10.8 A&O Hotels and Hostels GmbH
10.8.1 Company Overview
10.8.2 Company Overview
10.8.3 Operating business segments
10.8.4 Product Portfolio
10.8.5 Commercial performance
10.8.6 Key Strategic Movements and Developments
10.9 Red Lion Hotels Corporation
10.9.1 Company Overview
10.9.2 Company Overview
10.9.3 Operating business segments
10.9.4 Product Portfolio
10.9.5 Commercial performance
10.9.6 Key Strategic Movements and Developments
10.10 Oyo Rooms
10.10.1 Company Overview
10.10.2 Company Overview
10.10.3 Operating business segments
10.10.4 Product Portfolio
10.10.5 Commercial performance
10.10.6 Key Strategic Movements and Developments

For more information about this report visit https://www.researchandmarkets.com/r/inwaqt

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