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Global Alternative Accommodation Market to reach USD 370.72 billion by 2028.

Global Alternative Accommodation Market Size study, by Accommodation Type (Home, Apartments/Condominium), By Booking Mode (Online/Platform-based, Offline) and Regional Forecasts 2022-2028

Product Code: OIRTT-99177379
Publish Date: 30-08-2022
Page: 200

Global Alternative Accommodation Market is valued approximately USD 127.28 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.50% over the forecast period 2022-2028. The worldwide market is primarily driven by the continually expanding international tourism industry, consumer preferences for inexpensive and pleasant holiday accommodations such as flats, homestays, and cottages, and increased expenditure on leisure and business travel. Given the emergence of internet travel booking agencies and the global expansion of the hotel business, alternative lodgings are anticipated to continue to disrupt the hotel sector. Furthermore, prominent industry players are continually focused on various business methods to attract clients and provide superior services. This has given important players the ability to broaden their worldwide influence, which has aided the global industry’s growth. Trivago, one of the major companies, launched Trivago Weekend in April 2021 to help people in the United States and the United Kingdom find weekend vacations near their homes. Trivago Weekend will assist tourists in finding specific savings on lodging and will introduce them to staycations near their homes. Airbnb announced a partnership with The International Olympic Committee (IOC) in November 2021 to assist the Olympic Movement until 2028. With this collaboration, Airbnb hopes to provide rooms that will help cut expenses for Olympic stakeholders and organizers while also assisting local hosts and communities in generating direct money. Airbnb teamed with Visit North Carolina in April 2022 to promote travel to 16 rural counties, with a focus on unique accommodations, pleasant experiences, and local attractions. This strategic plan aims to aid in the regional post-pandemic rehabilitation of restaurants, employees, and many distinctive local businesses that rely on the local tourism economy. Hotel chains may create additional revenue from alternative lodgings, allowing them to attract millennials searching for unique, one-of-a-kind, and highly personalized holiday experiences. Furthermore, the sector is predicted to undergo significant technical breakthroughs, and technology will be critical in carving out a competitive advantage while providing an efficient and optimal guest experience during the projection period. The high cost of Alternative Accommodation, on the other hand, stifles market expansion over the projection period of 2022-2028.

The key regions considered for the Global Alternative Accommodation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America led the worldwide market as a result of the region’s developing glamping trend and rising spending on reserving lodging in houses and condominiums. Furthermore, rising tourist activities in North America as a result of destination attractiveness, followed by the construction of technologically superior infrastructure, have contributed significantly to the expansion. The Asia Pacific region is predicted to have the greatest CAGR. The increase is mostly due to growing consumer spending on staycations and vacation. The region’s growing reliance on the hotel and lodging business, as well as expanding government investments in the creation of sophisticated infrastructure to attract new visitors, are likely to contribute positively to market growth.

Major market player included in this report are:
Airbnb, Inc.
VRBO (Expedia Group)
MakeMyTrip Limited
Wyndham Destinations Inc.
Trip.com Group Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Accommodation Type:
Alternative Accommodation & Camping

Booking Mode:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Alternative Accommodation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Alternative Accommodation Market, by Region, 2020-2028 (USD Billion)
1.2.2. Alternative Accommodation Market, by Accommodation Type, 2020-2028 (USD Billion)
1.2.3. Alternative Accommodation Market, by Booking Mode, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Alternative Accommodation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Alternative Accommodation Market Dynamics
3.1. Alternative Accommodation Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Constantly evolving international tourism sector Consumer inclination toward cheap and comfortable vacation stays
3.1.2. Market Challenges High Cost of Alternative Accommodation
3.1.3. Market Opportunities Technological Advancements in the Industry
Chapter 4. Global Alternative Accommodation Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Alternative Accommodation Market, by Accommodation Type
6.1. Market Snapshot
6.2. Global Alternative Accommodation Market by Accommodation Type, Performance – Potential Analysis
6.3. Global Alternative Accommodation Market Estimates & Forecasts by Accommodation Type 2018-2028 (USD Billion)
6.4. Alternative Accommodation Market, Sub Segment Analysis
6.4.1. Home
6.4.2. Apartments/Condominium
6.4.3. Alternative Accommodation & Camping
6.4.4. Hostel
6.4.5. Others
Chapter 7. Global Alternative Accommodation Market, by Booking Mode
7.1. Market Snapshot
7.2. Global Alternative Accommodation Market by Booking Mode, Performance – Potential Analysis
7.3. Global Alternative Accommodation Market Estimates & Forecasts by Booking Mode 2018-2028 (USD Billion)
7.4. Alternative Accommodation Market, Sub Segment Analysis
7.4.1. Online/Platform-based
7.4.2. Offline
Chapter 8. Global Alternative Accommodation Market, Regional Analysis
8.1. Alternative Accommodation Market, Regional Market Snapshot
8.2. North America Alternative Accommodation Market
8.2.1. U.S. Alternative Accommodation Market Accommodation Type breakdown estimates & forecasts, 2018-2028 Booking Mode breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Alternative Accommodation Market
8.3. Europe Alternative Accommodation Market Snapshot
8.3.1. U.K. Alternative Accommodation Market
8.3.2. Germany Alternative Accommodation Market
8.3.3. France Alternative Accommodation Market
8.3.4. Spain Alternative Accommodation Market
8.3.5. Italy Alternative Accommodation Market
8.3.6. Rest of Europe Alternative Accommodation Market
8.4. Asia-Pacific Alternative Accommodation Market Snapshot
8.4.1. China Alternative Accommodation Market
8.4.2. India Alternative Accommodation Market
8.4.3. Japan Alternative Accommodation Market
8.4.4. Australia Alternative Accommodation Market
8.4.5. South Korea Alternative Accommodation Market
8.4.6. Rest of Asia Pacific Alternative Accommodation Market
8.5. Latin America Alternative Accommodation Market Snapshot
8.5.1. Brazil Alternative Accommodation Market
8.5.2. Mexico Alternative Accommodation Market
8.6. Rest of The World Alternative Accommodation Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. holidu.co.uk Key Information Overview Financial (Subject to Data Availability) Accommodation Type Summary Recent Developments
9.2.2. Trivago
9.2.3. Airbnb, Inc.
9.2.4. Booking.com
9.2.5. VRBO (Expedia Group)
9.2.6. MakeMyTrip Limited
9.2.7. Wyndham Destinations Inc.
9.2.8. HomeToGo
9.2.9. Peakah
9.2.10. Trip.com Group Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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