FAQs

Hotel And Other Travel Accommodation Global Market Report 2021 - By Type (Hotel And Motel, Casino Hotels, Bed And Breakfast Accommodation, All Other Traveler Accommodation), By Mode Of Booking (Online Bookings, Direct Bookings), By Application (Tourist Accommodation (Leisure), Official Business (Professional)), By Price Point (Economy, Mid-Range, Luxury), By Ownership (Chained, Standalone), COVID-19 Impact And Recovery

What is the definition of the hotel and other travel accommodation market?

The hotel and other travel accommodation market consists of sales of short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels by entities that provide short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels

How will the hotel and other travel accommodation market drivers and restraints affect hotel and other travel accommodation market dynamics? What forces will shape the hotel and other travel accommodation industry going forward?

The hotel and other travel accommodation market growth is aided by increasing use of social media and access to mass media. However, some hotel and other travel accommodation 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 hotel and other travel accommodation market?

The hotel and other travel accommodation market forecast is expected to reach $1052.84 billion in 2025 at a compound annual growth rate of 7%.

How is the hotel and other travel accommodation market segmented?

The global hotel and other travel accommodation market is segmented -
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 Accomodation (Leisure), Official Business (Professional)
4) By Price Point: Economy, Mid-Range, Luxury
5) By Ownership: Chained, Standalone

Which region has largest share, and what is the market size and growth by geography according to the hotel and other travel accommodation global market report?

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Who are the key players of the global hotel and other travel accommodation market?

Top competitors in the hotel and other travel accommodation market are Marriott International; Hilton Worldwide; Wyndham Corporation; Hyatt Hotels Corporation; Four Seasons Hotels & Resorts.

What are the key trends in the global hotel and other travel accommodation market?

Major trends influencing the hotel and other travel accommodation market include the use of near-field-communication (NFC) technology, infrared technologies, and robots that gives users the ability to exchange data between devices, making mobile payments an instant, secure process

What are the major opportunities in the hotel and other travel accommodation market and the approaches companies can take to take advantage of them?

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How does the hotel and other travel accommodation market relate to the overall economy and other similar markets?

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