The non-residential accommodation market provides lodging or short-term accommodation for travelers, vacationers and others.
The global non-residential accommodation market was valued around $920 billion in 2017. North America was the largest region in the non-residential accommodation market in 2017, accounting for around 35% of the total market. USA was the largest market accounting for around 29% of the total market.
Wellness travel is on the rise in the accommodation market. It includes classic yoga retreats and spa experiences, detox menu, mediation sessions, extreme fitness boot camps, agro-tourism and farm stays, hot springs and thermal bath trips, cycling vacations and more.
The top five companies covered are Marriott International, Inc., Hilton Worldwide Holdings, Inc., Wyndham Worldwide Corporation, Hyatt Hotels Corporation, and Four Seasons Hotels & Resorts. Marriott International, Inc. was the largest company in the non-residential accommodation market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The non-residential accommodation market is segmented into Hotel and Motel, Students Accommodation and Workers Accommodation, and Camping and Caravanning.
Hotel and Other Travel Accommodation provides short-term accommodation, meals and other guest services for travelers and tourists.
Students and Workers Non-Residential Accommodation primarily engaged in operating rooming and boarding houses and similar facilities, such as fraternity houses, sorority houses, off-campus dormitories, residential clubs, and workers' camps.
Camping and Caravanning Industry operates camping sites, overnight recreational camps, outdoor adventure camps and others.