Non-Residential Accommodation Services Market Size Expected to Reach $ 1363.43 billion by 2022: TBRC

Non-Residential Accommodation Services Global Market Report Segments And Insights To 2019

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Topics Covered In Non-Residential Accommodation Services Global Market Report Introduction 

Non-Residential Accommodation Services Global Market Characteristics

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Non-Residential Accommodation Services Size And Growth

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Non-Residential Accommodation Services Segmentation

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Non-Residential Accommodation Services Regional And Country Split,

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Non-Residential Accommodation Services Trends

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Non-Residential Accommodation Services Strategies

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Introduction ď ľ

The non-residential accommodation market expected to reach a value of nearly $1363.43 billion by 2022, significantly growing at a CAGR of 10.2% during the forecast period. The growth in the non-residential accommodation market is due to emerging markets growth, increase in disposable income and increase in popularity of leisure travel.

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However, the market for non-residential accommodation is expected to face certain restraints from several factors such as health scares, security concerns and climate change.

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Non-Residential Accommodation Services Global Market Characteristics ď ľ

The non-residential accommodation services market consists of sales of non-residential accommodation services and related goods by entities (organizations, sole traders or partnerships) that provide lodging or short-term accommodation for travelers, vacationers, and others. There is a wide range of services provided in this market. Some establishments provide lodging only, while others provide meals, laundry services, and recreational facilities, as well as lodging. Lodging establishments are classified in this subsector even if the provision of complementary services generates more revenue. The types of complementary services provided vary from establishment to establishment.

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The non-residential accommodation market is segmented into hotel and other travel accommodation, camping and caravanning, students and workers non-residential accommodation, among these segments, the hotel and other travel accommodation market accounts for the largest share in the global non-residential accommodation market.

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The global non-residential accommodation is segmented into North America, South America, AsiaPacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the AsiaPacific non-residential accommodation market accounts the largest share in the global nonresidential accommodation market.

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Trends In The Non-Residential Accommodation Services Market ď ľ

Emergence of wellness vacations, rise in hotel analytics and increased automation in hotels are the major trends witnessed in the global non-residential accommodation market.

Potential Opportunities In The Non-Residential Accommodation Services Market ď ľ

With development of medical tourism, growing popularity of social media, economic growth, the scope and potential for the global non-residential accommodation market is expected to significantly rise in the forecast period.

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Consulting Non-Residential Accommodation Services Global Market Companies Mentioned

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Marriott International Inc.

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Hilton Worldwide Holdings Inc.

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Wyndham Worldwide Corporation

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Hyatt Hotels Corporation

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Four Seasons Hotels & Resorts

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