Harrisburg, NC -- (SBWIRE) -- 10/19/2020 -- The Global Non-Residential Accommodation Services Market Research Report 2020-2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
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Top leading Companies of Global Non-Residential Accommodation Services Market are – Marriott International; Hilton Worldwide; Wyndham Corporation; Hyatt Hotels Corporation; Four Seasons Hotels & Resorts
1) By Type: Hotel And Other Travel Accommodation; Camping And Caravanning; Students And Workers Non-residential Accommodation
2) By Price Point: Economy; Mid-Range; Luxury
3) By Channel: Direct Sales; Distributor
4) By Mode of Booking: Online Bookings; Direct Bookings; Others
The non-residential accommodation services market consists of sales of non-residential accommodation services and related goods by entities (organizations, sole traders or partnerships) that provide lodging or short-term accommodation for travelers, vacationers, and others. There is a wide range of services provided in this market. Some establishments provide lodging only, while others provide meals, laundry services, and recreational facilities, as well as lodging. Lodging establishments are classified in this subsector even if the provision of complementary services generates more revenue. The types of complementary services provided vary from establishment to establishment.
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.
The global non-residential accommodation services market is expected to decline from $1017.2 billion in 2019 to $1013.5 billion in 2020 at a compound annual growth rate (CAGR) of -0.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $1302.9 billion in 2023.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Non-Residential Accommodation Services market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the global Non-Residential Accommodation Services market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focused in the research study. It discusses about prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Non-Residential Accommodation Services market.
Market Segments: This part of the report discusses about product type and application segments of the global Non-Residential Accommodation Services market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach Non-Residential Accommodation Services used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Finally, Non-Residential Accommodation Services Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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