Global Non-Residential Accommodation Services Market Is Valued At USD920 Billion

Posted by sainath on July 5th, 2018

The non-residential accommodation market provides lodging or short-term accommodation for travellers, vacationers and others. It includes hotels, motels, casino hotels, bed and breakfast accommodations, rooming and boarding houses, recreational and vacation camps, recreational vehicle parks and campgrounds and all other traveller accommodation.

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The non-residential accommodation market was valued at USD 920 Billion in 2017. North America was the largest region in the non-residential accommodation services market in 2017, accounting for more than one-third of the market share

The market in the report is segmented into: hotel & other travel accommodation, students & workers non-residential accommodation and camping & caravanning.

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The USA was the largest country in the non-residential accommodation services market in 2017, accounting for more than one-fourth of the market share.

The top five competitors in the market made up close to 5% of the total market share in 2017. Marriott International was the largest competitor followed by Hilton Worldwide, Wyndham Worldwide Corporation, Hyatt Hotels Corporation and Four Seasons Hotels & Resorts.                                              Marriot International, Inc. was the largest company in the non-residential accommodation market in 2017 with almost 2% share of the market. It engages in the operation and franchises of more than 5700 properties in more than 110 countries that include hotels, corporate housing properties and timeshare properties under numerous brand names.

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