The Business Research Company’s latest report Hotel And Other Travel Accommodation Global Market Report 2020 covers Hotel And Other Travel Accommodation market drivers, Hotel And Other Travel Accommodation market trends, Hotel And Other Travel Accommodation market segments, Hotel And Other Travel Accommodation market growth rate, Hotel And Other Travel Accommodation market major players, and Hotel And Other Travel Accommodation market size. The report provides in-depth analysis of the impact of COVID-19 on the Hotel And Other Travel Accommodation industry, along with revised market numbers due to the effects of the coronavirus.
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Hotel And Other Travel Accommodation Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global hotel and other travel accommodation market is expected to decline from $956.4 billion in 2019 to $953.2 billion in 2020 at a compound annual growth rate (CAGR) of -0.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $1227.1 billion in 2023.
The report covers the Hotel And Other Travel Accommodation market’s segments-
1) By Type: Hotel And Motel, Casino Hotels, Bed And Breakfast Accommodation, All Other Traveler Accommodation.
2) By Mode Of Booking: Online Bookings, Direct Bookings, Others.
3) By Application: Tourist Accommodation (Leisure), Official Business (Professional).
4) By Price Point: Economy, Mid-Range, Luxury.
5) By Ownership: Chained, Standalone.
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