The non-residential accommodation market provides lodging or short-term accommodation for travelers, 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 traveler accommodation.
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The global non-residential
accommodation market has shown high growth in the past years with a CAGR
of about 7%. The year 2017 recorded highest ever market value in this industry
as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the non-residential
accommodation market to grow at a higher CAGR by 2021 as compared to
2017, along with geographies best suited for investments with highest return
rate.
Sample report:
As an industry largely driven by
the spending power of the customer, steady gains in disposable personal income
boosted the accommodation industry. Some developed, developing countries and
Pacific Rim countries such as Malaysia, Indonesia, and Vietnam are registering
higher disposable incomes leading to higher spending for services such as
accommodation when they travel for leisure.
TBRC’s latest report will cover in
depth understanding and calculated impacts of each market factor on a global as
well as regional level, to analyze the best investment strategy for this
market.
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Companies included in the report are Marriott International, Hilton Worldwide, Wyndham Worldwide, Hyatt
Hotels Corporation and Four Seasons Hotels & Resorts.
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