The global alternative accommodation market is estimated to garner US$ 626.5 Billion while exhibiting a 16.2% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 139.6 Billion in 2022.
Increasing use of the internet and ease of booking provides lucrative opportunities for the growth of the market. Increasing awareness about travel management software among end-users is expected to propel the growth of the market. Increasing spending power and availability of budget travel options boost the growth of the alternative accommodation market. High investment in the tourism sector and development by government authorities are anticipated to offer opportunities for expansion in the forecast period
The online segment based on booking mode is likely to offer remunerative opportunities for the global alternative accommodation market. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.
Request a Report Sample to Gain Comprehensive Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15400
Key Takeaways:
- The global alternative accommodation market is estimated at USD120.2 Billion in 2021
- By booking mode, the online segment is expected to accumulate a share of 84.4%
- By accommodation type, the home segment accounts for share of 29.5% during the forecasting period.
- Market in the US accounts for a market share of 34.5% in 2021.
- Market in the Asia Pacific to accounts for CAGR of 17.3% during the assessment period.
“Increasing popularity of homestays among domestic and international travelers and high investment in the tourism sector for development by government authorities are expected to fuel the demand for alternative accommodation market over the forecast period”
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-15400
Competitive Landscape
Key players in the global alternative accommodation market are holidu.co.uk; Trivago; Airbnb, Inc.; Booking.com; VRBO (Expedia Group); MakeMyTrip Limited; Wyndham Destinations Inc.; HomeToGo; Peakah; Trip.com Group Limited; TripAdvisor, Inc among various others
Recent updates from the industry are:
- In May 2022 – Online travel firm MakeMyTrip has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, IDFC Bank, Capital float and Zest Money, for its ‘book now pay later’ option while booking flight or hotels.
- In October 2021 – MakeMyTrip Limited announced its partnership with Hopper, to help travelers save money with personalized recommendations and flexible booking capabilities. Through this partnership, MakeMyTrip aims to further enhance the flight booking experience by boosting its recently launched Price Lock feature. Hopper’s Price Freeze technology will power MakeMyTrip’s Price Lock feature and enable customers to lock in flight fares for up to seven days while they are in the process of firming up their travel plans.
Use promo code ->> FMITODAY to get flat 30% discount
Key Segments Covered in the Alternative Accommodation Industry Analysis
Alternative Accommodation Market by Accommodation Type:
- Alternative Accommodation Homes
- Alternative Accommodation Apartments/Condominiums
- Alternative Accommodation & Camping
- Alternative Accommodation Hostels
- Other Alternative Accommodation Types
Alternative Accommodation Market by Booking Mode:
- Offline Alternative Accommodation Booking
- Online/Platform-Based Alternative Accommodation Booking
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions/Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Accommodation Type modifications /Innovation
Get Detailed TOC@ https://www.futuremarketinsights.com/toc/rep-gb-15400
Read Related Reports@
https://janjaonline.mn.co/posts/30534462?utm_source=manual
https://d6united.mn.co/posts/30534463?utm_source=manual
https://beranda.mn.co/posts/30534464?utm_source=manual
https://nc-cricket.mn.co/posts/30534466?utm_source=manual
https://the-resiliency-factor.mn.co/posts/30534468?utm_source=manual
https://the-trifecta-network.mn.co/posts/30534470?utm_source=manual
https://digitaldrip.mn.co/posts/30534496?utm_source=manual
https://bpa-mastery.mn.co/posts/30534499?utm_source=manual
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports