NEWARK, Del, Aug. 11, 2022 (GLOBE NEWSWIRE) -- 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.
Download Sample Copy@ 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”
Talk to Our 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.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global alternative accommodation market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of by Accommodation Type (Home, Apartments/Condominium, Alternative Accommodation & Camping, Hostel, Others) by Booking Mode (Online/Platform-based, Offline) and Region (North America, Europe, APAC, MEA, and Latin America)
Buy now@ https://www.futuremarketinsights.com/checkout/15400
About the Consumer Product Division at Future Market Insights
The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
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
Explore FMI’s Extensive ongoing Coverage on Consumer Product Domain
Disposable E-Cigarettes Market Size: Disposable e-cigarettes market size is expected to grow at a CAGR of 11.2% between 2022 and 2032, totalling around US$ 18.32 Billion by 2032.
Smart Home Appliances Market Share: Smart home appliances market is expected to grow at a CAGR of 8.1% between 2022 and 2032, totalling around US$ 75 Billion by 2032.
Docking Station Market Outlook: Docking station market is projected to expand steadily at a CAGR 6.4% value, during the forecast period 2022-2032.
Home Audio Equipment Market Trends: Home audio equipment market garnering US$ 90 Billion in 2032, recording a CAGR of 12% from 2022-2032. The market is likely to secure US$ 30 Billion in 2022.
Pet Water Dispenser Market Value: Pet water dispenser market is estimated to reach US$ 151.2 Mn in 2022 and is projected to reach US$ 258.4 Mn by 2032, at a CAGR of 5.5% from 2022 to 2032.
Bird Toy Market Forecast: Bird toy market size is estimated to reach US$ 386 Mn in 2022. With demand growing at a 5% CAGR over the forecast period, the market valuation is projected to reach US$ 631 Mn by 2032.
Pet Furniture Market Overview: Pet furniture market is estimated to be valued at US$ 1.8 Bn in 2022 and is projected to reach US$ 3.1 Bn by 2032.
Pet Lodging Market Analysis: Pet lodging market size is estimated to be valued at US$ 3.1 Billion in 2022 and is projected to reach US$ 5.0 Billion by 2032, expanding at a CAGR of 5% from 2022 to 2032.
Rugby Apparel Market Growth: Rugby apparel market is projected to expand steadily at a CAGR 11.3% value, during the forecast period 2022-2032.
Aquarium Hydrometers Market Sales: Aquarium hydrometers market is estimated to reach US$ 1.1 Mn in 2022 and is projected to reach US$ 2.2 Mn by 2032, at a CAGR of 7% from 2022 to 2032.
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/alternative-accommodation-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
