New Jersey, United States, – The Travel accommodation market The research report is a detailed study of the Travel Accommodation industry which specializes in identifying the growth potential of the Travel Accommodation market and potential opportunities in the market. Secondary research data comes from government publications, interviews with experts, journals, surveys and trusted journals. The recorded data spans a decade, followed by a systematic review to conduct an in-depth study of influencers in the travel accommodation market.
The travel accommodation market was valued at USD 640.63 billion in 2019 and is expected to reach USD 905.13 billion by 2027, with a CAGR of 4.4% from 2020 to 2027.
Travel accommodation refers to establishments used by travelers for the purpose of their stay. There are many types of accommodation available for travelers including hotels, hostels, resorts, vacation rentals and others. The choice of stay results from several factors such as budget, purpose of trip, availability of property and destination. These accommodations are booked through various sources based on the preferences of the traveler which consists of bookings through online travel agents for their expertise and knowledge, bookings directly through hotel websites, etc.
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The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:
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, Oyo Rooms.
Segmentation of the travel accommodation market
Travel Accommodation Market, By Type
â¢ Vacation location
Travel Accommodation Market, By Application
The Travel Accommodation market report has been segmented on the basis of various categories such as product type, application, end user, and region. Each segment is evaluated based on CAGR, share and growth potential. In the regional analysis, the report highlights the potential region which is expected to create opportunities in the Travel Accommodation Market in the coming years.
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Scope of the Travel Accommodation Market Report
Geographic segment covered in the report:
â¢ North America (United States and Canada)
â¢ Europe (UK, Germany, France and rest of Europe)
â¢ Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
â¢ Latin America (Brazil, Mexico and the rest of Latin America)
â¢ Middle East and Africa (GCC and rest of Middle East and Africa)
Key questions answered in the report:
- What is the growth potential of the travel accommodation market?
- Which product segment will take the lion’s share?
- Which regional market will emerge as a pioneer in the years to come?
- Which application segment will experience strong growth?
- What growth opportunities might arise in the travel accommodation industry in the years to come?
- What are the most significant challenges facing the travel accommodation market in the future?
- Who are the leading companies in the travel accommodation market?
- What are the main trends that are positively impacting the growth of the market?
- What growth strategies are players considering to stay in the travel accommodation market?
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