The global alternative accommodation market is projected to experience remarkable growth, expanding at a steady compound annual growth rate (CAGR) of 14.7% from 2023 to 2033. The market size is expected to reach a staggering USD 627.8 billion by 2033, up from USD 159.3 billion in 2023. This surge is driven by a combination of …
Tag Archives: Alternative Accommodation Market Dynamics
Exploring the Growth of the United Kingdom Alternative Accommodation Market: A CAGR of 15.4%
The United Kingdom’s alternative accommodation market is experiencing remarkable growth, with a compound annual growth rate (CAGR) of 15.4%. This surge reflects a significant shift in consumer preferences, driven by a growing demand for unique and personalized travel experiences. Platforms offering vacation rentals, serviced apartments, and boutique hostels are becoming increasingly popular among both leisure …