The Middle East's rich cultural legacy and reputation as an international tourist destination drive the travel accommodation business. Countries such as the United Arab Emirates, Saudi Arabia, and Qatar have made significant investments in constructing world-class infrastructure, renowned sites, and luxury resorts, drawing a significant amount of foreign visitors from all around the globe. The region's strategic placement as an international air transport hub adds to its allure.
However, the market is equally constrained. The biggest obstacle is the state of politics and security, in particular, Middle Eastern nations, which has influenced travel decisions and deterred visitors from visiting specific countries. Furthermore, cultural norms and local rules provide difficulties for accommodation providers, requiring them to traverse special needs and alter their products accordingly.
Despite these obstacles, the Middle East travel accommodation industry offers several growth opportunities. Religious tourism has increased in the Middle Eastern region, with thousands of pilgrims traveling to the holy sites in nations such as Saudi Arabia and Jordan. As a result, real estate near these religious monuments is in greater demand. Furthermore, the expanding trend of high-end tourism and immersive tourism creates a potential for upmarket hotels, resorts, high-end lodging, and exclusive experiences catered to travelers.
The market is segmented into type, application, price point, mode of booking. 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.
The key players profiled in the report include Airbnb, Expedia, Booking.com, Hotels.com, Agoda, Trivago, Mövenpick Hotels & Resorts, Rotana Hotels and Resorts, Marriott International
Key Benefits For Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in Middle East travel accommodation market.
- Assess and rank the top factors that are expected to affect the growth of Middle East travel accommodation market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the Middle East travel accommodation market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
Middle East Travel Accommodation Market Report Highlights
| Aspects | Details |
 Forecast period | 2021 - 2031 |
 Report Pages | 84 |
 By Type |
|
 By Application |
|
 By Price Point |
|
 By Mode of Booking |
|
 Key Market Players | Booking.com, Mövenpick Hotels & Resorts, Rotana Hotels and Resorts, Hotels.com, trivago, Marriott International, Agoda, Airbnb, Airbnb Plus, Expedia |
The Middle East Travel Accommodation Market is estimated to reach $110.1 billion by 2031
Airbnb, Airbnb Plus, Expedia, Booking.com, Hotels.com, Agoda, trivago, Mövenpick Hotels & Resorts, Rotana Hotels and Resorts, Marriott International are the leading players in Middle East Travel Accommodation Market
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in middle east travel accommodation market.
3. Assess and rank the top factors that are expected to affect the growth of middle east travel accommodation market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the middle east travel accommodation market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
Middle East Travel Accommodation Market is classified as by type, by application, by price point, by mode of booking
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