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 $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.
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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