The global travel accommodation market size was US$ 122.8 million in 2021. The global travel accommodation market size is estimated to reach US$ 1,658.5 million by 2030, growing at a compound annual growth rate (CAGR) of 11.3% during the forecast period from 2022 to 2030.
Travel accommodation refers to establishments used by visitors for their visit and is regarded as the basic concern of every tourist. Different accommodations are available for lodgings, such as resorts, hotels, vacation rentals, and others. The perfect selection of stay can be decided relying upon numerous elements such as the budget of travel accommodation, the purpose of travel, availability of the property, and mode of booking.

Factors Influencing Market Growth

- The tourism and hospitality sector has made the substantial potential for the growth of the overall market.
- Online booking scams have noticed a manifold growth. This hinders the overall market expansion.
- The shift of customer spending from product to experience, the increase in professional/business travel, and the growth in the number of people traveling for leisure drive the overall market expansion.

Effect of the COVID-19 Pandemic

COVID-19 had a severe impact on the overall market expansion. Global destinations have imposed limitations on travel after the government guidelines, which have directly influenced business travel and travel lodging worldwide. Thus, hindering the overall market expansion.

Regional Analysis

Europe dominated the overall market. Travel accommodation guides to establishments used by tourists for their visit and is concerned as the most basic problem of every visitor. Different accommodations are open for lodgings, such as resorts, hotels, vacation rentals, and others. The perfect selection of the visit can be decided to rely upon numerous elements such as the budget of travel accommodation, mode of booking, the purpose of travel, and availability of the property.

Leading Competitors
The prominent players in the global travel accommodation market are:
- Oyo Rooms
- Marriott International
- Hyatt Hotels Corporation
- Wyndham Destinations
- Hilton Worldwide Holdings
- Accor Hotels Group
- Radisson Hotel Group
- Airbnb
- A&O Hotels and Hostels
- Others
Segmentation Analysis
The global market segmentation focuses on Type, Application, Price Point, Mode of Booking, and Region.
Segmentation on the basis of Type
- Hotels
- Hostels
- Resorts
- Vacation Rentals
- Others
Segmentation on the basis of Application
- Leisure
- Professional
- Others
Segmentation on the basis of Price Point
- Economy
- Mid-Range
- Luxury
Segmentation on the basis of Mode of Booking
- Online Travel Agency
- Direct Booking
- Others

Segmentation on the basis of Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America