Global Non-Residential Accommodation Services Industry

Global Non-Residential Accommodation Services Industry

  • April 2021 •
  • 142 pages •
  • Report ID: 5960677 •
  • Format: PDF
Abstract:
- Global Non-Residential Accommodation Services Market to Reach $4.5 Trillion by 2027
- Amid the COVID-19 crisis, the global market for Non-Residential Accommodation Services estimated at US$3.6 Trillion in the year 2020, is projected to reach a revised size of US$4.5 Trillion by 2027, growing at a CAGR of 3.3% over the period 2020-2027.
- The U.S. Market is Estimated at $1 Trillion, While China is Forecast to Grow at 5.3% CAGR
- The Non-Residential Accommodation Services market in the U.S. is estimated at US$1 Trillion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$751.2 Billion by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

- Select Competitors (Total 46 Featured) -
  • AccorHotels Group
  • Hilton Worldwide Holdings Inc.
  • Hyatt Hotels & Resorts
  • Marriott International, Inc.
  • MGM Resorts International
  • Radisson Hotel Group
  • Wyndham Destinations