PUBLISHER: The Business Research Company | PRODUCT CODE: 1706883
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706883
Sharing accommodation is a business model where individuals rent out their residential properties or parts of them to guests on a short-term or long-term basis through online platforms. This model utilizes underused assets and connects hosts directly with guests for peer-to-peer transactions.
The primary types of shared accommodation include economy, comfortable, boutique, luxury, and others. Economy-type shared accommodations offer an affordable alternative to traditional hotels. Booking modes for these accommodations include both offline and online options. They are used for various purposes such as tourism, business trips, and more.
The sharing accommodation market research report is one of a series of new reports from The Business Research Company that provides sharing accommodation market statistics, including sharing accommodation industry global market size, regional shares, competitors with a sharing accommodation market share, detailed sharing accommodation market segments, market trends, and opportunities, and any further data you may need to thrive in the sharing accommodation industry. This sharing accommodation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sharing accommodation market size has grown strongly in recent years. It will grow from $124.89 billion in 2024 to $134.89 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to the rise in co-living spaces, the emergence of online travel agencies (OTAs), the rising lower cost of travel with shared accommodations, the rise in eco-friendly accommodations, and the rise in online booking scams.
The sharing accommodation market size is expected to see strong growth in the next few years. It will grow to $181.11 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing tourism, increasing popularity of convenience of online booking, increasing popularity of short-term rental services, increasing number of business travelers, and increasing number of millennials. Major trends in the forecast period include developing eco-friendly lodging, launching integrated digital concierge services, developing augmented reality features, integrating voice-activated booking systems, and developing artificial intelligence (AI)-powered search engine.
The growth of tourism is expected to drive the expansion of the sharing accommodation market in the coming years. Tourism involves traveling and staying in places outside one's usual environment for leisure, business, or other purposes. The increase in tourism is driven by greater accessibility to transportation and a growing demand for unique experiences, cultural exploration, and social media influence, which have made travel planning easier and more attractive. Sharing accommodations provide affordable, comfortable, and flexible lodging options for tourists, offering amenities like Wi-Fi and workspaces, as well as convenient locations near business districts and meeting venues. For example, in February 2024, the International Trade Administration (ITA), a US-based government agency, reported that international travel to the USA reached 77.7 million in 2024, up from 66.5 million in 2023. Therefore, the rise in tourism is fueling the growth of the sharing accommodation market.
Leading companies in the sharing accommodation market are focusing on improving user experience by leveraging advanced digital platforms to gain a competitive edge. These platforms incorporate artificial intelligence and machine learning to personalize user interactions and streamline the booking process. For example, in January 2024, SilverDoor, a UK-based housing provider, introduced a new corporate housing API designed to simplify the booking and management of serviced apartments for corporate travel and relocation. This robust API integrates SilverDoor's vast global portfolio of serviced accommodations with the platforms of travel management companies (TMCs), enabling users to search, compare, and book serviced apartments alongside traditional hotel options. The API offers real-time availability, instant booking capabilities, and detailed comparisons of rates, amenities, and even carbon emissions.
In March 2023, Airbnb, a US-based provider of sharing accommodations, partnered with SHEROES to expand its network of women hosts in India. This collaboration aims to empower women by providing them with the skills, knowledge, and confidence necessary to become successful hosts on Airbnb's platform. SHEROES, an India-based community organization, supports women by facilitating access to employment, entrepreneurship, and financial resources.
Major companies operating in the sharing accommodation market are Marriott International, Booking Holdings Inc., Radisson Hotel Group, Expedia Group Inc., Hilton Worldwide Holdings Inc., Airbnb Inc., Hyatt Hotels Corporation, Louvre Hotels Group, Accor SA, Vrbo, Wyndham Hotels & Resorts Inc., Shangri-La Asia Limited., Mandarin Oriental Hotel Group, HomeToGo GmbH, Onefinestay Reservations Limited, HomeExchange.com Inc., Couchsurfing, Bedycasa, Cozy Holdings Ltd., Homestay, Tujia
Europe was the largest region in the sharing accommodation market in 2024. The regions covered in the sharing accommodation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sharing accommodation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sharing accommodation market includes revenues earned by entities by short-term rental services, long-term rental services, reservation services, and ancillary services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sharing Accommodation Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sharing accommodation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sharing accommodation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sharing accommodation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.