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Non-Residential Accommodation Services - Global Strategic Business Report

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    Report

  • 246 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141147
The global market for Non-Residential Accommodation Services was estimated at US$562.1 Billion in 2023 and is projected to reach US$606.0 Billion by 2030, growing at a CAGR of 1.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Why Are Non-Residential Accommodation Services Expanding in Modern Economies?

Non-residential accommodation services, including hotels, motels, hostels, and vacation rentals, have experienced significant growth due to the increasing demand for temporary lodging among business travelers, tourists, and students. With the rise of global mobility, fueled by both work-related travel and the growing popularity of tourism, the need for flexible, short-term accommodations has surged. The hospitality sector has also adapted to the needs of digital nomads and remote workers, offering extended stay options and co-living spaces. Additionally, the expansion of budget and mid-range accommodation services is meeting the demands of cost-conscious travelers, creating a diverse range of options that cater to various price points and preferences.

How Are Digital Platforms Transforming Non-Residential Accommodation Services?

The non-residential accommodation services market has been greatly transformed by the rise of digital platforms like Airbnb, Booking.com, and Expedia. These platforms have revolutionized the way travelers search for, compare, and book accommodations, offering more convenience and transparency. Furthermore, digital solutions have enabled the sharing economy to flourish, with more individuals renting out rooms or entire homes to travelers. Online reviews, pricing transparency, and dynamic pricing algorithms are empowering both service providers and consumers to make informed decisions. Mobile applications, automated check-ins, and AI-driven customer service chatbots have also streamlined the booking and accommodation experience, improving the overall quality of service and customer satisfaction.

How Is Sustainability Shaping the Future of Accommodation Services?

Sustainability has become a major focus within the non-residential accommodation services industry as more consumers prioritize eco-friendly travel options. Many hotels and vacation rental operators are adopting green certifications, energy-efficient practices, and waste reduction programs to appeal to environmentally conscious travelers. Additionally, the rise of 'sustainable tourism' is pushing the industry toward developing accommodations that have a smaller ecological footprint, such as properties that utilize renewable energy, water-saving technologies, and locally sourced materials. Travelers, particularly millennials and Gen Z, are increasingly opting for accommodations that align with their values, driving demand for sustainable lodging options.

The Growth in the Non-Residential Accommodation Services Market Is Driven by Several Factors

The growth in the non-residential accommodation services market is driven by several factors, including the increasing demand for flexible and diverse accommodation options, fueled by rising global tourism and business travel. Digital platforms and online booking systems have made it easier for consumers to access a wide range of accommodation services, driving market expansion. The growing trend of remote work and the digital nomad lifestyle is also contributing to demand for long-term and flexible stay options. Additionally, sustainability trends are reshaping the market, with eco-conscious travelers seeking out environmentally responsible accommodations. The expansion of budget and mid-tier accommodations is further driving growth by catering to a wider range of consumer needs and preferences.
  • Regional Analysis: Gain insights into the U.S. market, which was valued at $152.0 Billion in 2023, and China, forecasted to grow at an impressive 2.6% CAGR to reach $115.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Non-Residential Accommodation Services Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Non-Residential Accommodation Services Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Non-Residential Accommodation Services Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ACCOR SA, AccorHotels, Hilton Worldwide Holdings Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 46 Featured):

  • ACCOR SA
  • AccorHotels
  • Hilton Worldwide Holdings Inc.
  • Hyatt Hotels & Resorts
  • Marriott International, Inc.
  • MGM Resorts International
  • Radisson Hotel Group

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Non-Residential Accommodation Services - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growth in Global Tourism Driving Demand for Short-Term Accommodation
  • Increasing Use of Digital Platforms and Online Bookings for Lodging Services
  • Expansion of Budget and Mid-Range Accommodation Offerings
  • Rising Popularity of Vacation Rentals and Alternative Lodging Options
  • Impact of Business Travel on Demand for Non-Residential Accommodations
  • Emergence of Smart Hotel Technologies Enhancing Customer Experience
  • Growing Consumer Preference for Eco-Friendly and Sustainable Accommodations
  • Influence of Peer-to-Peer Platforms like Airbnb on Market Competition
  • Rising Demand for Long-Term Stays and Extended Stay Facilities
  • Adoption of Contactless Services and Digital Check-Ins Post-Pandemic
  • Growth in Luxury and Boutique Hotels Offering Unique Experiences
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Non-Residential Accommodation Services Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Non-Residential Accommodation Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Non-Residential Accommodation Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 5: USA Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 6: USA Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CANADA
  • Table 7: Canada Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 8: Canada Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
JAPAN
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 9: Japan Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 10: Japan Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CHINA
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 11: China Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 12: China Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
EUROPE
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 13: Europe Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: Europe Historic Review for Non-Residential Accommodation Services by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: Europe 16-Year Perspective for Non-Residential Accommodation Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
FRANCE
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 16: France Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 17: France Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
GERMANY
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 18: Germany Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: Germany Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ITALY
  • Table 20: Italy Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: Italy Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED KINGDOM
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 22: UK Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: UK Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SPAIN
  • Table 24: Spain Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: Spain Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
RUSSIA
  • Table 26: Russia Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Russia Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF EUROPE
  • Table 28: Rest of Europe Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: Rest of Europe Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ASIA-PACIFIC
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 31: Asia-Pacific Historic Review for Non-Residential Accommodation Services by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 32: Asia-Pacific 16-Year Perspective for Non-Residential Accommodation Services by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
AUSTRALIA
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
  • Table 33: Australia Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 34: Australia Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
INDIA
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Table 35: India Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 36: India Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SOUTH KOREA
  • Table 37: South Korea Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 38: South Korea Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF ASIA-PACIFIC
  • Table 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 40: Rest of Asia-Pacific Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
LATIN AMERICA
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Table 41: Latin America Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 42: Latin America Historic Review for Non-Residential Accommodation Services by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 43: Latin America 16-Year Perspective for Non-Residential Accommodation Services by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2024 & 2030
ARGENTINA
  • Table 44: Argentina Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Argentina Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
BRAZIL
  • Table 46: Brazil Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 47: Brazil Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MEXICO
  • Table 48: Mexico Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 49: Mexico Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF LATIN AMERICA
  • Table 50: Rest of Latin America Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Rest of Latin America Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MIDDLE EAST
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Table 52: Middle East Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 53: Middle East Historic Review for Non-Residential Accommodation Services by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 54: Middle East 16-Year Perspective for Non-Residential Accommodation Services by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2024 & 2030
IRAN
  • Table 55: Iran Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 56: Iran Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ISRAEL
  • Table 57: Israel Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 58: Israel Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SAUDI ARABIA
  • Table 59: Saudi Arabia Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 60: Saudi Arabia Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED ARAB EMIRATES
  • Table 61: UAE Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 62: UAE Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF MIDDLE EAST
  • Table 63: Rest of Middle East Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 64: Rest of Middle East Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
AFRICA
  • Non-Residential Accommodation Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • Table 65: Africa Recent Past, Current & Future Analysis for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 66: Africa Historic Review for Non-Residential Accommodation Services by Segment - Non-Residential Accommodation Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ACCOR SA
  • AccorHotels
  • Hilton Worldwide Holdings Inc.
  • Hyatt Hotels & Resorts
  • Marriott International, Inc.
  • MGM Resorts International
  • Radisson Hotel Group

Table Information