Wellness travel is on the rise in
the accommodation market. It includes classic yoga retreats and spa
experiences, detox menu, mediation sessions, extreme fitness boot camps,
agro-tourism and farm stays, hot springs and thermal bath trips, cycling
vacations and more. More travelers are looking for holistic experiences when
they are vacationing and are adding services to their properties that include
yoga classes, expanded gyms and spas. For example, major resort and hotel
brands such as Starwood Hotels and InterContinental Hotels Group have launched
their own dedicated wellness brands of hotels.
THE BUSINESS RESEARCH COMPANY EXPECTS THE NON-RESIDENTIAL
ACCOMMODATION SERVICES MARKET
TO GROW TO $3 TRILLION BY 2021
North
America was the largest region in the non-residential accommodation services
market in 2017, accounting for one third of the market share.
Read report: https://www.thebusinessresearchcompany.com/report/non-residential-accommodation-services-global-market-report-2018
According to The Business
Research Company’s Consultant, Nitin Gianchandani, to match customer expectations, in terms of services and the
speed at which these services are provided, hotels are implementing a wide
range of technologies to measure and meet their clients’ expectations. They are
implementing advanced analytics solutions to analyze large amounts of data to
increase profitability and enhance customers’ experiences. One key application
is to predict occupancy rates more accurately in order to implement surge
pricing with the aim of increasing spends and occupancy rates. Companies in the
market are making major investments in technology-based solutions like power
check-ins and mobile payment processing in order to satisfy customers. The most
significant investment, however, is in hotel analytics.
Marriot International, Inc. was
the largest company in the non-residential accommodation services market, with revenues
of $17.1 billion for the financial year 2016. Marriot International, Inc.’s
growth strategy aims to empower diverse business owners through its supply
chain, advocating for visa and entry policies that facilitate travel. Marriot
International, Inc. plans to have a global reach with 1 million rooms and an
additional $50 billion real estate investment by owners and franchisees.
The non-residential accommodation
services 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.
Non-Residential
Accommodation Services Global Market Report 2018 is a detailed report giving a unique
insight into this market. The report is priced at $6000 for an individual user.
To use across your office, the price is $9000 and $12000 if you wish to use
across a multinational company.
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