The global travel accommodation market was valued at $797.7 billion in 2023, and is projected to reach $3,144.7 billion by 2035, growing at a CAGR of 12.1% from 2024 to 2035.
The global budget hotels market was valued at $276.3 billion in 2022, and is projected to reach $430.9 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032.