Non-Residential Accommodation Services

Global Non-Residential Accommodation Services Market to Reach US$606.0 Billion by 2030

The global market for Non-Residential Accommodation Services estimated at US$569.2 Billion in the year 2024, is expected to reach US$606.0 Billion by 2030, growing at a CAGR of 1.1% over the analysis period 2024-2030.

The U.S. Market is Estimated at US$153.3 Billion While China is Forecast to Grow at 2.7% CAGR

The Non-Residential Accommodation Services market in the U.S. is estimated at US$153.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$115.3 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.5% and -0.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.

Global Non-Residential Accommodation Services Market - Key Trends & Drivers Summarized

Why Are Non-Residential Accommodation Services Expanding in Modern Economies?

Non-residential accommodation services, including hotels, motels, hostels, and vacation rentals, have experienced significant growth due to the increasing demand for temporary lodging among business travelers, tourists, and students. With the rise of global mobility, fueled by both work-related travel and the growing popularity of tourism, the need for flexible, short-term accommodations has surged. The hospitality sector has also adapted to the needs of digital nomads and remote workers, offering extended stay options and co-living spaces. Additionally, the expansion of budget and mid-range accommodation services is meeting the demands of cost-conscious travelers, creating a diverse range of options that cater to various price points and preferences.

How Are Digital Platforms Transforming Non-Residential Accommodation Services?

The non-residential accommodation services market has been greatly transformed by the rise of digital platforms like Airbnb, Booking.com, and Expedia. These platforms have revolutionized the way travelers search for, compare, and book accommodations, offering more convenience and transparency. Furthermore, digital solutions have enabled the sharing economy to flourish, with more individuals renting out rooms or entire homes to travelers. Online reviews, pricing transparency, and dynamic pricing algorithms are empowering both service providers and consumers to make informed decisions. Mobile applications, automated check-ins, and AI-driven customer service chatbots have also streamlined the booking and accommodation experience, improving the overall quality of service and customer satisfaction.

How Is Sustainability Shaping the Future of Accommodation Services?

Sustainability has become a major focus within the non-residential accommodation services industry as more consumers prioritize eco-friendly travel options. Many hotels and vacation rental operators are adopting green certifications, energy-efficient practices, and waste reduction programs to appeal to environmentally conscious travelers. Additionally, the rise of "sustainable tourism" is pushing the industry toward developing accommodations that have a smaller ecological footprint, such as properties that utilize renewable energy, water-saving technologies, and locally sourced materials. Travelers, particularly millennials and Gen Z, are increasingly opting for accommodations that align with their values, driving demand for sustainable lodging options.

The Growth in the Non-Residential Accommodation Services Market Is Driven by Several Factors

The growth in the non-residential accommodation services market is driven by several factors, including the increasing demand for flexible and diverse accommodation options, fueled by rising global tourism and business travel. Digital platforms and online booking systems have made it easier for consumers to access a wide range of accommodation services, driving market expansion. The growing trend of remote work and the digital nomad lifestyle is also contributing to demand for long-term and flexible stay options. Additionally, sustainability trends are reshaping the market, with eco-conscious travelers seeking out environmentally responsible accommodations. The expansion of budget and mid-tier accommodations is further driving growth by catering to a wider range of consumer needs and preferences.

SCOPE OF STUDY:

The report analyzes the Non-Residential Accommodation Services market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Non-Residential Accommodation Services)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 46 Featured) -

• ACCOR SA
• AccorHotels
• Hilton Worldwide Holdings Inc.
• Hyatt Hotels & Resorts
• Marriott International, Inc.
• MGM Resorts International
• Radisson Hotel Group

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.