The Hotel And Other Travel Accommodation Global Market Report 2021-31 by The Business Research Company describes and explains the global hotel and other travel accommodation market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Hotel And Other Travel Accommodation Global Market Report 2022 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.
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The hotel and other travel accommodation market report provides in-depth analysis of the impact of COVID-19 on the global hotel and other travel accommodation industry along with revised market numbers due to the effects of the coronavirus and the expected hotel and other travel accommodation market growth numbers for 2022-2031.
The global hotel and other travel accommodation market size is expected to grow from $645.44 billion in 2021 to $784.33 billion in 2022 at a compound annual growth rate (CAGR) of 21.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hotel and other travel accommodation market is expected to reach $1.34 trillion in 2026 at a CAGR of 14.5%.
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Hotel And Other Travel Accommodation Global Market Report 2022 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.
TBRC’s report covers the Hotel And Other Travel Accommodation Market 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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