Global Non-Residential Accommodation Services Market Grows at a Rate of 19% Through 2021

Global Non-Residential Accommodation Services Market Report 2021 – Impact and Recovery of COVID-19

The Business Research Company Global Non-Residential Accommodation Services Market 2021 Report: Impact of COVID-19 and Recovery to 2030

LONDON, GREATER LONDON, UK, November 17, 2021 / – According to new market research report “Non-Residential Accommodation Services Global Market Report 2021: COVID-19 Impact And Recovery” released by The Business Research Company, the non-residential accommodation services market is expected to grow from $ 722.72 billion in 2020 to $ 857.61 billion in 2021 at a compound annual growth rate (CAGR) of 18.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that have resulted in operational challenges. The non-residential accommodation services market is expected to reach $ 1125.06 billion in 2025 at a CAGR of 7%. The growing use of social media and access to mass media is having a positive impact on the tourism and non-residential accommodation industries.

Sample request for Global Non-Residential Accommodation Services Market report:

The non-residential housing services market comprises the sales of non-residential housing services and related goods by entities (organizations, sole proprietorships or partnerships) that provide short-term accommodation or accommodation to travelers, vacationers and others. . There is a wide range of services offered in this market. Some establishments offer accommodation only, while others offer meals, laundry services and recreational facilities, as well as lodging. Accommodation establishments are classified in this sub-sector even if the provision of complementary services generates more income. The types of complementary services offered vary from one establishment to another.

Global market trends for non-residential accommodation services
Hotels are using technology to improve the guest experience and reduce operating costs. The most important trends include the use of near field communication (NFC) technology, infrared technologies and robots. NFC gives users the ability to exchange data between devices, making mobile payments an instant and secure process. Infrared sensors are used in hotels to deal with guest complaints involving housekeeping interruptions. Hotels also use robots to deliver amenities to rooms and other functional purposes. Hoteliers invest in systems and technologies capable of automating processes and personalizing the guest experience.

Global Non-Residential Accommodation Services Market Segments:
The global non-residential housing market is more segmented:
By type: Hotel and other travel accommodation, Camping and caravanning, Students and workers Non-residential accommodation
By price level: economy, mid-range, luxury
By channel: Direct sales, Distributor
By reservation method: online reservations, direct reservations, others
Sub-segments covered: hotels and motels, casino hotels, bed and breakfasts, all other traveler accommodation, parks and campgrounds for recreational vehicles (recreational vehicles), recreation and vacation camps, dormitories, establishments off campus, migrant worker camps
By Geography: The global hosting services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa. Among these regions, the Asia-Pacific non-residential housing services market accounts for the largest share of the global non-residential housing services market.

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The 2021 Global Non-residential Accommodation Services Market report is part of a series of new reports from The Business Research Company that provides global non-residential accommodation services market overviews, analysis and forecast on the size and growth of the non-residential accommodation services market. Global non-residential housing services market share, non-residential housing services market players, non-residential housing services market segments and geographies, revenue, profiles and market shares of the major competitors in the non-residential housing services market residential. The Non-Residential Accommodation Services Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.

Read the 2021 Global Non-Residential Hosting Services Market Report from The Business Research Company for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries

Non-residential accommodation services market organizations covered: Marriott International; Hilton around the world; Wyndham Corporation; Hyatt Hotels Corporation; Four Seasons Hotels and Resorts.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Want to learn more about The Business Research Company?
The Business Research Company has published over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.

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Here is a list of reports from The Business Research Company similar to the 2021 Global Non-Residential Accommodation Services Market report:
Global Non-residential Student and Worker Housing Market Report 2021: Impact and Recovery of COVID-19

Global Hotel and Other Travel Accommodation Market Report 2021: Impact and Recovery of COVID-19

Global Travel Preparation and Booking Services Market Report 2021: Impact and Recovery of COVID-19

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