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Travel Accommodation Market by Type (Hotels, Hostels, Resorts, Vacation Rentals, and Others), Application (Leisure, Professional, and Others), Price Point (Economy, Mid-range and Luxury), and Mode of Booking (Online Travel Agency, Direct Bookings, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

CO_196044
Pages: 280
Sep 2019 | 187 Views
 
Author(s) : Bhavana Thorat, Shankar Bhandalkar , Roshan Deshmukh
Tables: 48
Charts: 48
 

Travel Accommodation Market Outlook - 2026

The global travel accommodation market size was valued at $632.8 billion in 2018, and is projected to reach $893 billion by 2026, registering a CAGR of 4.50% from 2019 to 2026. Travel accommodation refers to the lodging rented by travelers for the purpose of stay. Travelers can choose from among the 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 has eased travel for visitors, which is a key factor expected to positive impact the growth of the travel & tourism industry. This has parallelly influenced the market for travel accommodation 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 fall in host country’s currency value is expected to attract inbound tourism, which will ultimately create a positive effect on the travel accommodation sector. However, scams and rampant fraud attacks in the online travel accommodation booking sector is 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 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. 

Travel Accommodation Market

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The global travel accommodation market is segmented into type, application, price point, and 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, is the travel accommodation 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). 

Travel Accommodation Market
By Type

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Hotel segments dominates the global Travel Accommodation market and is expected to retain its dominance throughout the forecast period.

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By type, the hotels segment in travel accommodation market garnered the largest share in 2018, due to innovation and advancements in the hospitality sector along with increase in tourism. However, the vacation rentals segment is anticipated to grow at the highest rate during the forecast period, owing to increase in preference for budget-friendly accommodations by millennial travelers. 
Considering application, the leisure travel accommodation segment in travel accommodation market was the major shareholder in 2018, attributable to increase in travel for the purpose of relaxation, vacations, and leisure. In addition, hotels and resorts offer various additional services such as body & hair spa, wellness therapies, and adventurous activities, which drive the preference for leisure travel among tourists. The trend of discovering untapped tourist destinations through social media has further promoted the leisure travel accommodation market growth.

Travel Accommodation Market
By Price Point

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Luxury price point segment is projected to grow with fastest CAGR during the forecast period

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According to price point, the mid-range accommodations were highly preferred by tourists, since they offer a combination of customer services and low rates. Consumers today have an increased preference for spending on experiences as compared to products, which has led to rise in demand for mid-range accommodations.

Travel Accommodation Market
By Application

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Leisure segment is projected to grow with fastest CAGR during the forecast period

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Europe occupied the largest market share in travel accommodation market, as it has the highest number of inbound travelers. Furthermore, tourism has significantly grown in countries such as France, Spain, and Germany not only for leisure but also for professional purposes. However, Asia-Pacific is expected to witness rapid growth during the forecast period, owing to rise in tourism due to rapid economic growth, large infrastructure projects, availability of comfortable & cost-effective commute facility, and improvement in air connectivity 

Travel Accommodation Market
By Mode of Booking

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Online segment is projected to grow with fastest CAGR during the forecast period

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The major players in the global travel accommodation industry 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.

Travel Accommodation Market
By Region

2026
Europe 
North America
Asia Pacific
LAMEA

Europe dominates the Global Travel Accommodation market and is expected to grow with a CAGR of 4.4% during the forecast period

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Key Benefits for Travel Accommodation Market:

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global travel accommodation market size from 2019 to 2026 to identify the prevailing travel accommodation market forecast.
  • The key countries in all the major regions are mapped based on their travel accommodation market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • A comprehensive analysis of factors that drive and restrict the travel accommodation market analysis is provided.
  • An in-depth analysis of the global travel accommodation market helps determine the prevailing travel accommodation market share.
  • The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, growth strategies and travel accommodation market trends.

Travel Accommodation Market Segments:

By Type 

  • Hotel
  • Hostel
  • Resort
  • Vacation Rental
  • Others

By Application

  • Tourist
  • Professional 
  • Others

By Price Point

  • Economy
  • Mid-Range
  • Luxury

By Mode of Booking

  • Online Travel Agency 
  • Direct Bookings
  • Others 

By Region

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

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
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.    Key findings

2.1.1.    Top investment pockets

2.2.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Parent market overview, 2018 ( to be done)
3.3.    Key forces shaping travel accommodation industry/market

3.4.    Market dynamics

3.4.1.    Drivers

3.4.1.1.    Blooming global tourism
3.4.1.2.    Significant growth in corporate travel industry
3.4.1.3.    Consumer spending shift from product to experience

3.4.2.    Restraint

3.4.2.1.    Fraudulence
3.4.2.2.    Fluctuating Fortunes for Destinations

3.4.3.    Opportunity

3.4.3.1.    Innovation through artificial intelligence
3.4.3.2.    Accommodations for solo travelers
3.4.3.3.    Eco-friendly accommodations

CHAPTER 4:    TRAVEL ACCOMMODATION MARKET, BY TYPE

4.1.    Overview
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 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 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 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 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 analysis, by country

CHAPTER 5:    TRAVEL ACCOMMODATION MARKET, BY APPLICATION

5.1.    Overview
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 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 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 analysis, by country

CHAPTER 6:    TRAVEL ACCOMMODATION MARKET, BY PRICE POINT

6.1.    Overview
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 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 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 analysis, by country

CHAPTER 7:    TRAVEL ACCOMMODATION MARKET, BY MODE OF BOOKING

7.1.    Overview
7.2.    Online

7.2.1.    Key market trends, growth factors, and opportunities
7.2.2.    Market size and forecast, by region
7.2.3.    Market analysis, by country

7.3.    Conventional

7.3.1.    Key market trends, growth factors, and opportunities
7.3.2.    Market size and forecast, by region
7.3.3.    Market analysis, by country

CHAPTER 8:    TRAVEL ACCOMMODATION MARKET, BY REGION

8.1.    Overview
8.2.    North America

8.2.1.    Key market trends, growth factors, 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 analysis, by country
8.2.7.    U.S.

8.2.7.1.    Market size and forecast, by type
8.2.7.2.    Market size and forecast, by application
8.2.7.3.    Market size and forecast, by price point
8.2.7.4.    Market size and forecast, by mode of booking

8.2.8.    Canada

8.2.8.1.    Market size and forecast, by type
8.2.8.2.    Market size and forecast, by application
8.2.8.3.    Market size and forecast, by price point
8.2.8.4.    Market size and forecast, by mode of booking

8.2.9.    Mexico

8.2.9.1.    Market size and forecast, by type
8.2.9.2.    Market size and forecast, by application
8.2.9.3.    Market size and forecast, by price point
8.2.9.4.    Market size and forecast, by mode of booking

8.3.    Europe

8.3.1.    Key market trends, growth factors, 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 analysis, by country

8.3.7.    Germany

8.3.7.1.    Market size and forecast, by type
8.3.7.2.    Market size and forecast, by application
8.3.7.3.    Market size and forecast, by price point
8.3.7.4.    Market size and forecast, by mode of booking

8.3.8.    France

8.3.8.1.    Market size and forecast, by type
8.3.8.2.    Market size and forecast, by application
8.3.8.3.    Market size and forecast, by price point
8.3.8.4.    Market size and forecast, by mode of booking

8.3.9.    UK

8.3.9.1.    Market size and forecast, by type
8.3.9.2.    Market size and forecast, by application
8.3.9.3.    Market size and forecast, by price point
8.3.9.4.    Market size and forecast, by mode of booking

8.3.10.    Italy

8.3.10.1.    Market size and forecast, by type
8.3.10.2.    Market size and forecast, by application
8.3.10.3.    Market size and forecast, by price point
8.3.10.4.    Market size and forecast, by mode of booking

8.3.11.    Spain

8.3.11.1.    Market size and forecast, by type
8.3.11.2.    Market size and forecast, by application
8.3.11.3.    Market size and forecast, by price point
8.3.11.4.    Market size and forecast, by mode of booking

8.3.12.    Rest of Europe

8.3.12.1.    Market size and forecast, by type
8.3.12.2.    Market size and forecast, by application
8.3.12.3.    Market size and forecast, by price point
8.3.12.4.    Market size and forecast, by mode of booking

8.4.    Asia-Pacific

8.4.1.    Key market trends, growth factors, 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 analysis, by country

8.4.7.    China

8.4.7.1.    Market size and forecast, by type
8.4.7.2.    Market size and forecast, by application
8.4.7.3.    Market size and forecast, by price point
8.4.7.4.    Market size and forecast, by mode of booking

8.4.8.    India

8.4.8.1.    Market size and forecast, by type
8.4.8.2.    Market size and forecast, by application
8.4.8.3.    Market size and forecast, by price point
8.4.8.4.    Market size and forecast, by mode of booking

8.4.9.    Japan

8.4.9.1.    Market size and forecast, by type
8.4.9.2.    Market size and forecast, by application
8.4.9.3.    Market size and forecast, by price point
8.4.9.4.    Market size and forecast, by mode of booking

8.4.10.    Australia

8.4.10.1.    Market size and forecast, by type
8.4.10.2.    Market size and forecast, by application
8.4.10.3.    Market size and forecast, by price point
8.4.10.4.    Market size and forecast, by mode of booking

8.4.11.    Rest of Asia-Pacific

8.4.11.1.    Market size and forecast, by type
8.4.11.2.    Market size and forecast, by application
8.4.11.3.    Market size and forecast, by price point
8.4.11.4.    Market size and forecast, by mode of booking

8.5.    LAMEA

8.5.1.    Key market trends, growth factors, 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 analysis, by country
8.5.7.    Latin America

8.5.7.1.    Market size and forecast, by type
8.5.7.2.    Market size and forecast, by application
8.5.7.3.    Market size and forecast, by price point
8.5.7.4.    Market size and forecast, by mode of booking

8.5.8.    Middle East

8.5.8.1.    Market size and forecast, by type
8.5.8.2.    Market size and forecast, by application
8.5.8.3.    Market size and forecast, by price point
8.5.8.4.    Market size and forecast, by mode of booking

8.5.9.    Africa

8.5.9.1.    Market size and forecast, by type
8.5.9.2.    Market size and forecast, by application
8.5.9.3.    Market size and forecast, by price point
8.5.9.4.    Market size and forecast, by mode of booking

CHAPTER 9:    COMPETITIVE LANDSCAPE

9.1.    Top winning strategies
9.2.    Key developments

9.2.1.    Business Expansion
9.2.2.    Product Launch

9.3.    Competitive Dashboard
9.4.    Heat Map Overview
9.5.    Product Mapping

CHAPTER 10:    COMPANY PROFILES

10.1.    Marriott International

10.1.1.    Company overview
10.1.2.    Key Executive
10.1.3.    Company snapshot
10.1.4.    Product portfolio

10.2.    Hyatt Hotels Corporation

10.2.1.    Company overview
10.2.2.    Key Executive
10.2.3.    Company snapshot
10.2.4.    Operating business segments
10.2.5.    Business performance

10.3.    Wyndham Destinations

10.3.1.    Company overview
10.3.2.    Key Executive
10.3.3.    Company snapshot
10.3.4.    Product portfolio

10.4.    Hilton Worldwide Holdings Inc.

10.4.1.    Company overview
10.4.2.    Key Executive
10.4.3.    Company snapshot
10.4.4.    Product portfolio

10.5.    Accor Hotels Group

10.5.1.    Company overview
10.5.2.    Key Executive
10.5.3.    Company snapshot
10.5.4.    Product portfolio

10.6.    Radisson Hotel Group

10.6.1.    Company overview
10.6.2.    Key Executive
10.6.3.    Company snapshot
10.6.4.    Product portfolio

10.7.    Airbnb Inc.

10.7.1.    Company overview
10.7.2.    Key Executive
10.7.3.    Company snapshot
10.7.4.    Product portfolio

10.8.    A&O Hotels and Hostels GmbH

10.8.1.    Company overview
10.8.2.    Key Executive
10.8.3.    Company snapshot
10.8.4.    Product portfolio

10.9.    Red Lion Hotels Corporation

10.9.1.    Company overview
10.9.2.    Key Executive
10.9.3.    Company snapshot
10.9.4.    Product portfolio

10.10.    Oyo Rooms

10.10.1.    Company overview
10.10.2.    Key Executive
10.10.3.    Company snapshot
10.10.4.    Product portfolio

LIST OF TABLES

TABLE 01.    GLOBAL TRAVEL ACCOMMODATION MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 02.    HOTEL MARKET, BY REGION, 2018–2026 ($MILLION)
TABLE 03.    HOSTEL MARKET, BY REGION, 2018–2026 ($MILLION)
TABLE 04.    RESORT MARKET, BY REGION, 2018–2026 ($MILLION)
TABLE 05.    VACATION RENTALS, BY REGION, 2018–2026 ($MILLION)
TABLE 06.    OTHER TRAVEL ACCOMMODATION MARKET, BY REGION, 2018–2026 ($MILLION)
TABLE 07.    TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION, 2018-2026 ($MILLION)
TABLE 08.    TRAVEL ACCOMMODATION MARKET REVENUE FOR LEISURE TRAVEL ACCOMMODATION, BY REGION,  2018–2026 ($MILLION)
TABLE 09.    TRAVEL ACCOMMODATION MARKET REVENUE FOR PROFESSIONAL TRAVEL ACCOMMODATION, BY REGION, 2018–2026 ($MILLION)
TABLE 10.    TRAVEL ACCOMMODATION MARKET REVENUE FOR OTHER TRAVEL ACCOMMODATION, BY REGION, 2018–2026 ($MILLION)
TABLE 11.    TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT, 2018-2026 ($MILLION)
TABLE 12.    TRAVEL ACCOMMODATION MARKET REVENUE FOR ECONOMY TRAVEL ACCOMMODATION, BY REGION,  2018–2026 ($MILLION)
TABLE 13.    TRAVEL ACCOMMODATION MARKET REVENUE FOR MID-RANGE TRAVEL ACCOMMODATION, BY REGION, 2018–2026 ($MILLION)
TABLE 14.    TRAVEL ACCOMMODATION MARKET REVENUE FOR LUXURY TRAVEL ACCOMMODATION, BY REGION, 2018–2026 ($MILLION)
TABLE 15.    TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING, 2018-2026 ($MILLION)
TABLE 16.    TRAVEL ACCOMMODATION MARKET REVENUE FOR ONLINE SOURCES, BY REGION,  2018–2026 ($MILLION)
TABLE 17.    TRAVEL ACCOMMODATION MARKET REVENUE FOR BOOKING THROUGH CONVENTIONAL SOURCES, BY REGION, 2018–2026 ($MILLION)
TABLE 18.    TRAVEL ACCOMMODATION MARKET REVENUE, BY REGION, 2018–2026 ($MILLION)
TABLE 19.    NORTH AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 20.    NORTH AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 21.    NORTH AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 22.    NORTH AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 23.    NORTH AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 24.    U.S. TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 25.    U.S. TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 26.    U.S. TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 27.    U.S. TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 28.    CANADA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 29.    CANADA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 30.    CANADA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 31.    CANADA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 32.    MEXICO TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 33.    MEXICO TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 34.    MEXICO TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 35.    MEXICO TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 36.    EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 37.    EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 38.    EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 39.    EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 40.    EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 41.    GERMANY TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 42.    GERMANY TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 43.    GERMANY TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 44.    GERMANY TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 45.    FRANCE TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 46.    FRANCE TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 47.    FRANCE TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 48.    FRANCE TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 49.    UK TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 50.    UK TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 51.    UK TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 52.    UK TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 53.    ITALY TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 54.    ITALY TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 55.    ITALY TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 56.    ITALY TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 57.    SPAIN TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 58.    SPAIN TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 59.    SPAIN TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 60.    SPAIN TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 61.    REST OF EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 62.    REST OF EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 63.    REST OF EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 64.    REST OF EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 65.    ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 66.    ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 67.    ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 68.    ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 69.    ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 70.    CHINA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 71.    CHINA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 72.    CHINA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 73.    CHINA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 74.    INDIA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 75.    INDIA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 76.    INDIA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 77.    INDIA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 78.    JAPAN TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 79.    JAPAN TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 80.    JAPAN TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 81.    JAPAN TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 82.    AUSTRALIA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 83.    AUSTRALIA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 84.    AUSTRALIA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 85.    AUSTRALIA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 86.    REST OF ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 87.    REST OF ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 88.    REST OF ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 89.    REST OF ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 90.    LAMEA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 91.    LAMEA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 92.    LAMEA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 93.    LAMEA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING 2018–2026 ($MILLION)
TABLE 94.    LAMEA TRAVEL ACCOMMODATION MARKET REVENUE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 95.    LATIN AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 96.    LATIN AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION 2018–2026 ($MILLION)
TABLE 97.    LATIN AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 98.    LATIN AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING, 2018–2026 ($MILLION)
TABLE 99.    MIDDLE EAST TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 100.    MIDDLE EAST TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 101.    MIDDLE EAST TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT 2018–2026 ($MILLION)
TABLE 102.    MIDDLE EAST TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING, 2018–2026 ($MILLION)
TABLE 103.    AFRICA TRAVEL ACCOMMODATION MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
TABLE 104.    AFRICA TRAVEL ACCOMMODATION MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 105.    AFRICA TRAVEL ACCOMMODATION MARKET REVENUE, BY PRICE POINT, 2018–2026 ($MILLION)
TABLE 106.    AFRICA TRAVEL ACCOMMODATION MARKET REVENUE, BY MODE OF BOOKING, 2018–2026 ($MILLION)
TABLE 107.    MARRIOTT INTERNATIONAL: KEY EXECUTIVES
TABLE 108.    MARRIOTT INTERNATIONAL: COMPANY SNAPSHOT
TABLE 109.    MARRIOTT INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 110.    HYATT HOTELS CORPORATION: KEY EXECUTIVES
TABLE 111.    HYATT HOTELS CORPORATION: COMPANY SNAPSHOT
TABLE 112.    HYATT HOTELS CORPORATION: OPERATING SEGMENTS
TABLE 113.    HYATT HOTELS CORPORATION.: NET SALES, 2016–2018 ($MILLION)
TABLE 114.    WYNDHAM DESTINATIONS: KEY EXECUTIVES
TABLE 115.    WYNDHAM DESTINATIONS: COMPANY SNAPSHOT
TABLE 116.    WYNDHAM DESTINATIONS: PRODUCT PORTFOLIO
TABLE 117.    HILTON WORLDWIDE HOLDINGS INC.: KEY EXECUTIVES
TABLE 118.    HILTON WORLDWIDE HOLDINGS INC.: COMPANY SNAPSHOT
TABLE 119.    HILTON WORLDWIDE HOLDINGS INC.: PRODUCT PORTFOLIO
TABLE 120.    ACCOR HOTELS GROUP: KEY EXECUTIVES
TABLE 121.    ACCOR HOTELS GROUP: COMPANY SNAPSHOT
TABLE 122.    ACCOR HOTELS GROUP: PRODUCT PORTFOLIO
TABLE 123.    RADISSON HOTEL GROUP: KEY EXECUTIVES
TABLE 124.    RADISSON HOTEL GROUP: COMPANY SNAPSHOT
TABLE 125.    RADISSON HOTEL GROUP: PRODUCT PORTFOLIO
TABLE 126.    AIRBNB INC: KEY EXECUTIVES
TABLE 127.    AIRBNB INC.: COMPANY SNAPSHOT
TABLE 128.    AIRBNB INC.: PRODUCT PORTFOLIO
TABLE 129.    A&O HOTELS AND HOSTELS GMBH: KEY EXECUTIVES
TABLE 130.    A&O HOTELS AND HOSTELS GMBH: COMPANY SNAPSHOT
TABLE 131.    A&O HOTELS AND HOSTELS GMBH: PRODUCT PORTFOLIO
TABLE 132.    RED LION HOTELS CORPORATION: KEY EXECUTIVES
TABLE 133.    RED LION HOTELS CORPORATION: COMPANY SNAPSHOT
TABLE 134.    RED LION HOTELS CORPORATION.: PRODUCT PORTFOLIO
TABLE 135.    OYO ROOMS: KEY EXECUTIVES
TABLE 136.    OYO ROOMS: COMPANY SNAPSHOT
TABLE 137.    OYO ROOMS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    EXECUTIVE SUMMARY
FIGURE 03.    TOP INVESTMENT POCKETS
FIGURE 04.    MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.    MODERATE TO HIGH BARGAINING POWER OF BUYER
FIGURE 06.    MODERATE THREAT OF NEW ENTRANT
FIGURE 07.    LOW THREAT OF SUBSTITUTE
FIGURE 08.    HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.    TRAVEL ACCOMMODATION MARKET, BY TYPE, 2018–2026
FIGURE 10.    HOTEL MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 11.    HOSTEL MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 12.    RESORT MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 13.    VACATION RENTALS MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 14.    OTHER TRAVEL ACCOMMODATION MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 15.    TRAVEL ACCOMMODATION MARKET, BY APPLICATION, 2018-2026
FIGURE 16.    TRAVEL ACCOMMODATION MARKET REVENUE FOR LEISURE TRAVEL ACCOMMODATION, BY COUNTRY,  2018 & 2026 (%)
FIGURE 17.    TRAVEL ACCOMMODATION MARKET REVENUE FOR PROFESSIONAL TRAVEL ACCOMMODATION, BY COUNTRY, 2018 & 2026 (%)
FIGURE 18.    TRAVEL ACCOMMODATION MARKET REVENUE FOR OTHER TRAVEL ACCOMMODATION, BY COUNTRY, 2018 & 2026 (%)
FIGURE 19.    TRAVEL ACCOMMODATION MARKET, BY PRICE POINT, 2018-2026
FIGURE 20.    TRAVEL ACCOMMODATION MARKET REVENUE FOR ECONOMY TRAVEL ACCOMMODATION, BY COUNTRY, 2018 & 2026 (%)
FIGURE 21.    TRAVEL ACCOMMODATION MARKET REVENUE FOR MID-RANGE TRAVEL ACCOMMODATION, BY COUNTRY, 2018 & 2026 (%)
FIGURE 22.    TRAVEL ACCOMMODATION MARKET REVENUE FOR LUXURY TRAVEL ACCOMMODATION, BY COUNTRY, 2018 & 2026 (%)
FIGURE 23.    TRAVEL ACCOMMODATION MARKET, BY MODE OF BOOKING, 2018-2026
FIGURE 24.    TRAVEL ACCOMMODATION MARKET REVENUE FOR ONLINE TRAVEL AGENCY, BY COUNTRY, 2018 & 2026 (%)
FIGURE 25.    TRAVEL ACCOMMODATION MARKET REVENUE FOR BOOKING THROUGH AGENTS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 26.    TRAVEL ACCOMMODATION MARKET, BY REGION, 2018-2026
FIGURE 27.    U.S. TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 28.    CANADA TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 29.    MEXICO TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 30.    GERMANY TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 31.    FRANCE TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 32.    UK TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 33.    ITALY TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 34.    SPAIN TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 35.    REST OF EUROPE TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 36.    CHINA TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 37.    INDIA TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 38.    JAPAN TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 39.    AUSTRALIA TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 40.    REST OF ASIA-PACIFIC TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 41.    LATIN AMERICA TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 42.    MIDDLE EAST TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 43.    AFRICA TRAVEL ACCOMMODATION MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 44.    TOP WINNING STRATEGIES, BY YEAR, 2017–2019*
FIGURE 45.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2019* (%)
FIGURE 46.    TOP WINNING STRATEGIES, BY COMPANY, 2017–2019*
FIGURE 47.    HYATT HOTELS CORPORATION: NET SALES, 2016–2018 ($MILLION)
FIGURE 48.    HYATT HOTELS CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)

 
 

The demand for travel accommodation is on rise across the globe. Market players such as Marriott International, Hyatt Hotels Corporation, and Hilton Worldwide Holdings Inc. have adopted key developmental strategies such as business expansion and acquisitions to mark their presence in the global travel accommodation market. Moreover, they acquired brands worldwide and simultaneously took up joint ventures to create a strong global footprint.    

Rapid boom in the tourism industry, shift of consumer spending from product to experience, upsurge in professional/business travel, and rise in number of people travelling for leisure propel the growth of the global travel accommodation market. In addition, exploring niche tourist destinations has become a new trend among travelers, and hence generated remunerative opportunity for market expansion in countries such as Indonesia, Greece, and Africa, and others.

The operating industry players assert that the major factors which contribute toward the expansion of the travel accommodation include the flourishing tourism industry, especially in remote and niche markets. The trend of exploring untapped regions and carrying out recreational activities has gained the attention of travelers and shaped the travel accommodation in the recent past.  The travel accommodation giants majorly adopt business expansion by means of investment and acquisition as their key developmental strategy to sustain the stiff competition in the travel accommodation sector. By acquiring existing accommodation chains, the giants aim to create a strong market presence and expand their global footprint.

However, rise in online scams and fraudulence such as fake calls, credit card scams, and fake online travel agencies are the major challenges faced by travel accommodation companies, which hamper the growth of the global market.

 

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