IMARC Group’s latest research report, titled “Travel Accommodation Market Report by Type (Hotels, Hostels, Resorts, Vacation Rentals, and Others), Price Point (Economy, Mid-Range, Luxury), Mode of Booking (Direct Booking, Online Travel Agency, and Others), Application (Leisure, Professional, and Others), and Region 2025-2033,” offers a comprehensive analysis of the travel accommodation market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Travel Accommodation Market?
The global travel accommodation market size reached USD 873.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2,071.2 Billion by 2033, exhibiting a growth rate (CAGR) of 10.07% during 2025-2033.
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Recent Dynamics of the Travel Accommodation Industry:
Rise of Experiential Travel:
An increase in demand for individual and distinctive experiences is affecting the travel housing market. More and more often holidaymakers look for places to stay which will offer them something unconventional and not just a bed to sleep in. This shift has led to a rise in the number of small, yet unique hotels, ecolodges, glamping sites and vacation rentals. These places provide tourists with authentic local experiences that include cooking classes, cultural tours, and adventure activities. Offerings like these are in response to the growing need for specific and engaging travel experiences, thus the demand for accomodations is growing because people are seeking out unique and memorable ones.
Technology-Driven Transformation:
One of the most significant changes that technology has brought to the travel accommodation industry is, the journey by the traveler, which is completely redefined. Travelers have never had such broad access to information and booking options as they have with the assistance of online travel agencies (OTAs) and metasearch engines. A number of mobile-first booking experiences, personalized recommendations, and AI-powered chatbots are leading the transformation of traveler search, booking, and accommodation provider interaction. In addition, the advent of smart home technology will be a boon for the guest experience with the features of voice-controlled amenities, personalized climate control, and seamless in-room entertainment.
Sustainability and Social Responsibility:
Sustainability as well as social liability are among the rapidly expanding directions of both the accomodation providers and their clients. Only eco-travelers can detect the perfect destinations for them while including the lowest negative environmental impact, like establishments producing renewable energy, saving water, and minimizing waste. The release of social accountability initiatives which will make a difference will be as follows: helping the developments of nearest communities by offering them jobs, and ethical buying of materials. Guests are frequently more likely to select properties based on their predilection and to directly encourage the locales they visit.
According to the research report, here are some of the top leading companies operating in the travel accommodation industry:
- A&O Hotels and Hostels GmbH
- Accor S.A.
- Airbnb Inc.
- Hilton Worldwide Inc.
- Hyatt Hotels Corporation
- Marriott International Inc.
- OYO Rooms
- Radisson Hotel Group
- Red Lion Hotels Corporation (Sonesta International Hotels Corporation)
- Wyndham Destinations
Global Travel Accommodation Market Trends:
The travel accommodation market is creating trends that are dynamic and changing all the time. The sharing economy appeared and made a very loud bang, as it has been changing the old models with the help of special places like treehouses and castles on sites such as Airbnb and Vrbo, as well as apartments and houses. This, in turn, created opportunities for the traditional hotels to come up with new tricks and strategies so as to stay in the competition.Moreover, people are now more interested in getting personalized services and this is making them look for unique and real accommodations. One can now only experience so much – You want a place that is more than just a standard hotel room.
As a result of it, there is a marked increase in boutique hotels, boutique guesthouses, and vacation rentals that are now offering fun and creative packages, local experiences, and personalized service. Technology has been and is still playing a huge role in the market. OTAs and metasearch engines are still the main research and booking tools for travelers to find and book accommodation. On the other hand, direct bookings are getting momentum, with many properties rewarding guests with additional incentives for booking with them directly through their websites.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/travel-accommodation-market
Global Travel Accommodation Market Segmentation:
Type Insights:
- Hotels
- Hostels
- Resorts
- Vacation Rentals
- Others
According to the report, hotels represented the largest segment.
Price Point Insights:
- Economy
- Mid-Range
- Luxury
According to the report, mid-range represented the largest segment.
Mode of Booking Insights:
- Direct Booking
- Online Travel Agency
- Others
According to the report, direct booking represented the largest segment.
Application Insights:
- Leisure
- Professional
- Others
According to the report, leisure represented the largest segment.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
According to the report, Europe accounted for the largest market share.
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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