Travel Accommodation Market By Type, Application, Price Point,and Mode of Booking: Opportunity Analysis and Industry Forecast, 2023

Description

List of Tables

The global travel accommodation market was valued at $632.80 billion in 2021, and is projected to reach $1,974.30 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.Travel accommodation refers to lodging service rented by travelers for the purpose of stay. Travelers can choose from among various types of travel accommodations available, including hotels, hostels, resorts, vacation rentals, and others. The ideal choice of stay can be determined depending upon multiple factors such as purpose & budget of travel accommodation, availability of the property, and mode of booking. Accommodation can be booked through various sources, which include online travel agencies, hotel websites, booking through agents, and direct bookings.

The liberalization of visa regulations in many countries such as Africa, India, and China, have eased travel for visitors, which is a key factor expected to positively impact the growth of the travel & tourism industry. This has influenced the travel accommodation market by tourists, since it has made travel convenient. In addition, increase in consumer spending across countries such as India, Australia, and New Zealand significantly contributes toward the growth of the global travel accommodation market. This is majorly attributed to currency rate fluctuations.

The decrease in a host country's currency value is expected to attract inbound tourism, which is expected to create a positive effect on the travel accommodation sector. However, scams and rampant fraud attacks in the online travel accommodation booking sector are anticipated to restrain the growth of the global market. On the contrary, the trend of solo travelling has gained significant importance in the recent past, which is expected to boost the demand for budget-friendly travel accommodations such as hostels, capsule hotels, paying guests, and others, thereby offering remunerative opportunities for market expansion.

The global travel accommodation market is segmented into type, application, price point, mode of booking and region. The type segment comprises hotel, hostel, resort, vacation rental, and others. The applications covered in the study include leisure, professional, and others. On the basis of price point, the market is categorized into economy, mid-range, and luxury. Depending on mode of booking, it is segregated into online travel agency, hotel website, and others. Region wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, Switzerland, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players in the global travel accommodation industry that have been analyzed in this 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, and Oyo Rooms.

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Key Market Segments

By Type

Hotels
Hostels
Resorts
Vacation Rentals
Others

By Application

Leisure
Professional
Others

By Price Point

Economy
Mid-Range
Luxury

By Mode of Booking

Online Travel Agency
Hotel Website
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Germany
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

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

Product Code: A05679

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. 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 factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Hostels
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Resorts
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Vacation Rentals
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: TRAVEL ACCOMMODATION MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Leisure
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Professional
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: TRAVEL ACCOMMODATION MARKET, BY PRICE POINT

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Economy
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Mid-Range
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Luxury
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: TRAVEL ACCOMMODATION MARKET, BY MODE OF BOOKING

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Online Travel Agency
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Direct Booking
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Others
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country

CHAPTER 8: TRAVEL ACCOMMODATION MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by Price Point
- 8.2.5. Market size and forecast, by Mode of Booking
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Type
  - 8.2.6.1.3. Market size and forecast, by Application
  - 8.2.6.1.4. Market size and forecast, by Price Point
  - 8.2.6.1.5. Market size and forecast, by Mode of Booking
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Type
  - 8.2.6.2.3. Market size and forecast, by Application
  - 8.2.6.2.4. Market size and forecast, by Price Point
  - 8.2.6.2.5. Market size and forecast, by Mode of Booking
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Key market trends, growth factors and opportunities
  - 8.2.6.3.2. Market size and forecast, by Type
  - 8.2.6.3.3. Market size and forecast, by Application
  - 8.2.6.3.4. Market size and forecast, by Price Point
  - 8.2.6.3.5. Market size and forecast, by Mode of Booking
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by Price Point
- 8.3.5. Market size and forecast, by Mode of Booking
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Type
  - 8.3.6.1.3. Market size and forecast, by Application
  - 8.3.6.1.4. Market size and forecast, by Price Point
  - 8.3.6.1.5. Market size and forecast, by Mode of Booking
  - 8.3.6.2. France
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Type
  - 8.3.6.2.3. Market size and forecast, by Application
  - 8.3.6.2.4. Market size and forecast, by Price Point
  - 8.3.6.2.5. Market size and forecast, by Mode of Booking
  - 8.3.6.3. U.K.
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Type
  - 8.3.6.3.3. Market size and forecast, by Application
  - 8.3.6.3.4. Market size and forecast, by Price Point
  - 8.3.6.3.5. Market size and forecast, by Mode of Booking
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Type
  - 8.3.6.4.3. Market size and forecast, by Application
  - 8.3.6.4.4. Market size and forecast, by Price Point
  - 8.3.6.4.5. Market size and forecast, by Mode of Booking
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Type
  - 8.3.6.5.3. Market size and forecast, by Application
  - 8.3.6.5.4. Market size and forecast, by Price Point
  - 8.3.6.5.5. Market size and forecast, by Mode of Booking
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Type
  - 8.3.6.6.3. Market size and forecast, by Application
  - 8.3.6.6.4. Market size and forecast, by Price Point
  - 8.3.6.6.5. Market size and forecast, by Mode of Booking
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by Price Point
- 8.4.5. Market size and forecast, by Mode of Booking
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Type
  - 8.4.6.1.3. Market size and forecast, by Application
  - 8.4.6.1.4. Market size and forecast, by Price Point
  - 8.4.6.1.5. Market size and forecast, by Mode of Booking
  - 8.4.6.2. India
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Type
  - 8.4.6.2.3. Market size and forecast, by Application
  - 8.4.6.2.4. Market size and forecast, by Price Point
  - 8.4.6.2.5. Market size and forecast, by Mode of Booking
  - 8.4.6.3. Japan
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Type
  - 8.4.6.3.3. Market size and forecast, by Application
  - 8.4.6.3.4. Market size and forecast, by Price Point
  - 8.4.6.3.5. Market size and forecast, by Mode of Booking
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Type
  - 8.4.6.4.3. Market size and forecast, by Application
  - 8.4.6.4.4. Market size and forecast, by Price Point
  - 8.4.6.4.5. Market size and forecast, by Mode of Booking
  - 8.4.6.5. Rest of Asia-Pacific
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Type
  - 8.4.6.5.3. Market size and forecast, by Application
  - 8.4.6.5.4. Market size and forecast, by Price Point
  - 8.4.6.5.5. Market size and forecast, by Mode of Booking
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by Price Point
- 8.5.5. Market size and forecast, by Mode of Booking
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Type
  - 8.5.6.1.3. Market size and forecast, by Application
  - 8.5.6.1.4. Market size and forecast, by Price Point
  - 8.5.6.1.5. Market size and forecast, by Mode of Booking
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Type
  - 8.5.6.2.3. Market size and forecast, by Application
  - 8.5.6.2.4. Market size and forecast, by Price Point
  - 8.5.6.2.5. Market size and forecast, by Mode of Booking
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Type
  - 8.5.6.3.3. Market size and forecast, by Application
  - 8.5.6.3.4. Market size and forecast, by Price Point
  - 8.5.6.3.5. Market size and forecast, by Mode of Booking

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1. Marriott International
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
10.2. Hyatt Hotels Corporation
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
10.3. Wyndham Destinations
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
10.4. Hilton Worldwide Holdings Inc.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
10.5. Accor Hotels Group
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
10.6. Radisson Hotel Group
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
10.7. Airbnb Inc.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
10.8. A&O Hotels and Hostels GmbH
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
10.9. Red Lion Hotels Corporation
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
10.10. Oyo Rooms
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot