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Non-Residential Accommodation Services Global Market Report 2021 - By Type (Hotel And Other Travel Accommodation, Camping And Caravanning, Students And Workers Non-Residential Accommodation), By Price Point (Economy, Mid-Range, Luxury), By Channel (Direct Sales, Distributor), By Mode Of Booking (Online Bookings, Direct Bookings), COVID-19 Impact And Recovery

What is the definition of the non-residential accommodation services market?

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

How will the non-residential accommodation services market drivers and restraints affect non-residential accommodation services market dynamics? What forces will shape the non-residential accommodation services industry going forward?

The non-residential accommodation services market growth is aided by the increasing use of social media and access to mass media. However, some non-residential accommodation services market restraints include the outbreak of the coronavirus disease (COVID-19) as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments

What is the forecast market size of the non-residential accommodation services market?

The non-residential accommodation services market forecast is expected to reach $1125.06 billion in 2025 at a compound annual growth rate of 7%.

How is the non-residential accommodation services market segmented?

The global non-residential accommodation services market is segmented -
1) By Type: Hotel And Other Travel Accommodation, Camping And Caravanning, Students And Workers Non-residential Accommodation
2) By Price Point: Economy, Mid-Range, Luxury
3) By Channel: Direct Sales, Distributor
4) By Mode of Booking: Online Bookings, Direct Bookings, Others

Which region has largest share, and what is the market size and growth by geography according to the non-residential accommodation services global market report?

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Who are the key players of the global non-residential accommodation services market?

Top competitors in the non-residential accommodation services market are Marriott International; Hilton Worldwide; Wyndham Corporation; Hyatt Hotels Corporation; Four Seasons Hotels & Resorts

What are the key trends in the global non-residential accommodation services market?

Major trends influencing the non-residential accommodation services market include use of technologies to improve customer experience and reduce operational costs.

What are the major opportunities in the non-residential accommodation services market and the approaches companies can take to take advantage of them?

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How does the non-residential accommodation services market relate to the overall economy and other similar markets?

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