Global Students And Workers Non-residential Accommodation Market Overview 2024, Forecast To 2033
19 Jan, 2024
The market for students and workers non-residential accommodation has experienced rapid growth, escalating from $17.18 billion in 2023 to $18.98 billion in 2024, demonstrating a 10.4% CAGR. Historical drivers include educational enrollment, economic conditions, urbanization, government policies, and demographic shifts. Projections estimate further rapid growth to $29.16 billion in 2028, with an 11.3% CAGR. Growth is attributed to the adoption of online and hybrid education methods, remote work trends, international mobility, sustainability and ESG, and health and safety regulations. Notable trends include flexible accommodation models, technology integration, sustainability practices, wellness and comfort, and customization and personalization.
Global Students And Workers Non-residential Accommodation Market Key Driver
Globalization facilitates joint ventures, foreign investments, and global expansions for restaurant operators. It enables access to exotic ingredients and wider culinary offerings, lowering supplier bargaining power. McDonald's exemplifies global adaptation, investing in initiatives to cater to diverse locales, reflecting the industry's increasing global competitiveness.
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The students and workers non-residential accommodation market covered in this report is segmented –
1) By Type: Dormitories, Off Campus Establishments, Migrant Workers' Camps
2) By Price Point: Economy, Mid-Range, Luxury
3) By Channel: Direct Sales, Distributor
4) By Mode of Booking: Online Bookings, Direct Bookings, Other Mode Of Booking
By Geography: The regions covered in the students and workers non-residential accommodation market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Western Europe was the largest region in the students and workers non-residential accommodation market in 2023. North America was the second largest region in the global students and workers non-residential accommodation market. The regions covered in the students and workers non-residential accommodation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Students And Workers Non-residential Accommodation Industry Players
American Campus Communities, Unite Group PLC, Campus Apartments Inc., Asset Plus Companies, Centurion Corporation, The Preiss Company, Buckingham Companies, Education Realty Trust Inc., Greystar Real Estate Partners, GSA Group, Campus Living Villages, Scape Student Living, Campus Advantage, Campus Crest Communities, Campus Suites, CampusWorks Development, Capstone On-Campus Management, Colliers International, Corvias Group LLC, Harrison Street Real Estate Capital, Inland American Communities Group, Landmark Properties, Lincoln Property Company, Peak Campus, Pierce Education Properties, Servitas LLC, The Scion Group, Trinitas Ventures, University Student Living
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Students And Workers Non-residential Accommodation Market Overview
Student and workers non-residential accommodations refers to services like hotels, hostels, campgrounds, and other private lodging facilities that offer transient housing as well as other hospitality services. These establishments offer short-term or long-term lodging that can serve as a primary residence for the duration of the stay.
Students And Workers Non-residential Accommodation Global Market Report 2023 provides data on the global students and workers non-residential accommodation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The students and workers non-residential accommodation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.