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PUBLISHER: Grand View Research | PRODUCT CODE: 1114190
PUBLISHER: Grand View Research | PRODUCT CODE: 1114190
Alternative Accommodation Market Size, Share & Trends Analysis Report By Accommodation Type (Home, Apartments/Condominium), By Booking Mode, By Region, And Segment Forecasts, 2022 - 2030
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Alternative Accommodation Market Growth & Trends:
The global alternative accommodation market size is expected to reach USD 504.95 billion by 2030 and is expected to expand at a CAGR of 16.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The constantly changing international tourism industry, consumer preferences for affordable and comfortable vacation accommodations such as apartments, home staycations, and services apartments, and rising spending on leisure and business travel are the main factors driving the market. Global alternative accommodations are anticipated to continue to disrupt the hotel sector given the expansion of online travel agencies and the hotel business globally.
The market for alternative accommodation has been steadily expanding, with the U.S. and Europe taking the major share of the market on account of the expanding travel and tourist industry. The rapid development of communication and transportation technologies, the expansion of the right to travel, and changes in the distribution of income throughout the world are all contributing to the exponential growth of the global tourist business, and thus contributing to the global hospitality industry. Diversifying submarkets such as alternative accommodation that meet the many conceptions of lodging and vacation are emerging in the expanding tourist business as a result of the expanding consumer expectations.
The online booking mode captured the largest revenue share in 2021. Due to the advancements in technology, the online travel industry has seen a number of changes recently. The rapid growth of mobile application use and the rise in internet usage have altered and streamlined the hotel booking process through online channels. Additionally, in recent years, customers have begun using online booking platforms owing to their advantages, which include simple booking and payment processes, safer payment options, and simple and cost-free cancellation. This has further elevated the market growth in recent years.
North America dominated the global market in 2021. This is mainly driven by the region's growing glamping trend and rising costs of lodging in hotels and apartments. Additionally, the industry has grown rapidly as a result of rising tourism activities in North America owing to the region's extremely well-liked tourist spots and subsequent construction of technologically cutting-edge infrastructure.
Alternative Accommodation Market Report Highlights:
- Asia Pacific is expected to register the highest CAGR of 17.6% from 2022 to 2030 mainly owing to rising consumer expenditure on accommodation and traveling. Government initiatives to promote regional travel and tourism are expected to have a profound impact on the global market
- The apartments/condominium accommodation type segment is projected to register the highest CAGR of 17.7% from 2022 to 2030 due to ease, comfort, and luxury amenities and services it offers. Additionally, rising spending on travel and tourism by youth and millennials is expected to drive them to stay in luxurious places such as apartments/condominiums
- The offline booking mode is expected to grow on account of its increased use among Gen X and baby boomers. Additionally, elder travelers from developing countries are still preferring offline booking channels, thus contributing to the growth of the segment
Product Code: GVR-4-68039-959-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Accommodation Types & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Accommodation TypeOutlook
- 2.3. Booking Mode Outlook
- 2.4. Regional Outlook
Chapter 3. Alternative Accommodation MarketVariables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of alternative accommodation market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the vending machine market
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Alternative Accommodation Market: Accommodation Type Estimates & Trend Analysis
- 5.1. Accommodation Type Movement Analysis & Market Share, 2021&2030
- 5.2. Home
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.3. Apartments/Condominium
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.4. Alternative Accommodation & Camping
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.5. Hostel
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.6. Others
- 5.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Alternative Accommodation Market: Booking Mode Estimates & Trend Analysis
- 6.1. Booking ModeMovement Analysis & Market Share, 2021&2030
- 6.2. Online/Platform-based
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 6.3. Offline
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 7. Alternative Accommodation Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021&2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.2. Market estimates and forecast, by accommodation type,2017 - 2030 (USD Billion)
- 7.2.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.4.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.2.4.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.5.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.2.5.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.6.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.2.6.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.3.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.4.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.3.4.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.5.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.3.5.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.6.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.3.6.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.7.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.3.7.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.8.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.3.8.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.4.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.4.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.4.4.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.5.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.4.5.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.6.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.4.6.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.7.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.4.7.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.4.8. Australia
- 7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.8.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.4.8.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.5.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.5.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.5.4.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.5.4.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.6.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.6.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.6.4.2. Market estimates and forecast, by accommodation type, 2017 - 2030 (USD Billion)
- 7.6.4.3. Market estimates and forecast, by booking mode, 2017 - 2030 (USD Billion)
Chapter 8. Competitive Analysis
- 8.1 Key global players, recent developments & their impact on the industry
- 8.2 Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3 Vendor Landscape
- 8.3.1 Key company market share analysis, 2021
Chapter 9. Company Profiles
- 9.1. holidu.co.uk
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Accommodation TypeBenchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Trivago
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Accommodation TypeBenchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Airbnb, Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Accommodation TypeBenchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Booking.com
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Accommodation TypeBenchmarking
- 9.4.4. Strategic Initiatives
- 9.5. VRBO (Expedia Group)
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Accommodation TypeBenchmarking
- 9.5.4. Strategic Initiatives
- 9.6. MakeMyTrip Limited
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Accommodation TypeBenchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Trip.com Group Limited
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Accommodation TypeBenchmarking
- 9.7.4. Strategic Initiatives
- 9.8. TripAdvisor, Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Accommodation TypeBenchmarking
- 9.8.4. Strategic Initiatives
- 9.9. HomeToGo
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Accommodation Type Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Peakah
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Accommodation Type Benchmarking
- 9.10.4. Strategic Initiatives
Product Code: GVR-4-68039-959-9
List of Tables
- 1. Alternative accommodation market - Key Market Driver Analysis
- 2. Alternative accommodation market - Key Market Restraint Analysis
- 3. Alternative home accommodation market estimates and forecast, from 2017 - 2030 (USD Billion)
- 4. Alternative apartments/condominium accommodation market estimates and forecast, from 2017 - 2030 (USD Billion)
- 5. Alternative accommodation & camping alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 6. Alternative hostel accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 7. Other alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 8. Alternative accommodation market estimates and forecast through online/platform-based channel, 2017 - 2030 (USD Billion)
- 9. Alternative accommodation market estimates and forecast through offline channel, 2017 - 2030 (USD Billion)
- 10. North America alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 11. North America alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 12. North America alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 13. U.S. alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 14. U.S. alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 15. U.S. alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 16. Canada alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 17. Canada alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 18. Canada alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 19. Mexico alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 20. Mexico alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 21. Mexico alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 22. Europe alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 23. Europe alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 24. Europe alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 25. U.K. alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 26. U.K. alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 27. U.K. alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 28. Germany alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 29. Germany alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 30. Germany alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 31. France alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 32. France alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 33. France alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 34. Italy alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 35. Italy alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 36. Italy alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 37. Spain alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 38. Spain alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 39. Spain alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 40. Asia Pacific alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 41. Asia Pacific alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 42. Asia Pacific alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 43. China alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 44. China alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 45. China alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 46. India alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 47. India alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 48. India alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 49. Japan alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 50. Japan alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 51. Japan alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 52. Australia Alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 53. Australia alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 54. Australia alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 55. South Korea Alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 56. South Korea alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 57. South Korea alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 58. Central & South America Alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 59. Central & South America alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 60. Central & South America alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 61. Brazil Alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 62. Brazil alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 63. Brazil alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 64. Middle East & Africa Alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 65. Middle East & Africa alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 66. Middle East & Africa alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 67. South Africa Alternative accommodation market estimates and forecast, 2017 - 2030 (USD Billion)
- 68. South Africa alternative accommodation market estimates and forecast by accommodation type, 2017 - 2030 (USD Billion)
- 69. South Africa alternative accommodation market estimates and forecast by booking mode, 2017 - 2030 (USD Billion)
- 70. Vendor landscape
List of Figures
- 1. Alternative Accommodation Market Snapshot
- 2. Alternative Accommodation Market Segmentation & Scope
- 3. Alternative Accommodation Market Penetration & Growth Prospect Mapping
- 4. Alternative Accommodation Market Value Chain Analysis
- 5. Alternative Accommodation Market Dynamics
- 6. Alternative Accommodation Market Porter's Analysis
- 7. Alternative Accommodation Market: Accommodation Type Movement Analysis
- 8. Alternative Accommodation Market: Booking Mode Movement Analysis
- 9. Alternative Accommodation Market: Regional Movement Analysis
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