Non-Residential Accommodation Services Global Market Report 2018

Non-Residential Accommodation Services Global Market Report 2018
Starting Price : $ 6000.00 | Pages : 250 | Published : February 2018

SKU CODE : 3263 | Format :

The non-residential accommodation market provides lodging or short-term accommodation for travelers, vacationers and others. It includes hotels, motels, casino hotels, bed and breakfast accommodations, rooming and boarding houses, recreational and vacation camps, recreational vehicle parks and campgrounds and all other traveler accommodation.

North America was the largest region in the non-residential accommodation services market in 2017, accounting for 35% market share. Asia Pacific was the second largest region accounting for 25% market share. Africa was the smallest region accounting for 3% market share.

To match customer expectations, in terms of services and the speed at which these services are provided, hotels are implementing a wide range of technologies to measure and meet their clients’ expectations. They are implementing advanced analytics solutions to analyze large amounts of data to increase profitability and enhance customers’ experiences. One key application is to predict occupancy rates more accurately in order to implement surge pricing with the aim of increasing spends and occupancy rates. Companies in the market are making major investments in technology-based solutions like power check-ins and mobile payment processing in order to satisfy customers. The most significant investment, however, is in hotel analytics.

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