Global Students And Workers Non-Residential Accommodation Market Trends And Strategies Of Major Players In The Students And Workers Non-residential Accommodation Market 2021-2030

1 Feb, 2021

The non-residential accommodation market consists of sales of non-residential accommodation services and related goods by entities (organizations, sole traders and partnerships) that operate rooming and boarding houses and similar facilities, such as off campus dormitories, residential clubs, and workers’ camps. These establishments provide temporary or longer-term accommodation, which, for the period of occupancy, may serve as a principal residence. These establishments also may provide complementary services, such as housekeeping, meals, and laundry services.

Global Students And Workers Non-Residential Accommodation Market Size And Drivers:

The global students and workers non-residential accommodation market is expected to grow from $9.84 billion in 2020 to $10.64 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth 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 market is expected to reach $15.62 billion in 2025 at a CAGR of 10%. Rise in globalization is likely to boost investments and consequentially drive the market going forward.

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Trends In The Global Students And Workers Non-residential Accommodation Market

Restaurants are using menu engineering and restaurant reporting strategies to improve customers’ experience and improve profits. Separate menus for appetizers, entrées/main dishes, desserts, and beverages are giving servers an additional touch point to ask customers to add something to their order. Also, restaurant operators are analyzing customer preferences through data-driven approaches that enable restaurants at these accommodation spaces to offer relevant choices to the customers at each point in the meal.

Global Students And Workers Non-residential Accommodation Market Segments:

The global students and workers non-residential accommodation market is further segmented based on type, price point, channel, mode of booking and geography.
By Type: Dormitories, Off Campus Establishments, Migrant Workers Camps
By Price Point: Economy, Mid-Range, Luxury
By Channel: Direct Sales, Distributor
By Mode Of Booking: Online Bookings, Direct Bookings, Others
By Geography: The global students and workers non-residential accommodation market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Western Europe was the largest region in the global students and workers non-residential accommodation market, accounting for 29% of the total market.

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Students And Workers Non-residential Accommodation Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides students and workers non-residential accommodation market overviews, analyzes and forecasts market size and growth for the global students and workers non-residential accommodation market, students and workers non-residential accommodation market share, students and workers non-residential accommodation market players, students and workers non-residential accommodation market segments and geographies, students and workers non-residential accommodation market’s leading competitors’ revenues, profiles and market shares. The students and workers non-residential accommodation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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