Global Sharing Accommodation Market Size Study, by Type (Business to Consumer, Business to Business, Peer to Peer), by Application (Generation Z, Millennials, Generation X, Boomers), and Regional Forecasts 2022-2032

Global Sharing Accommodation Market Size Study, by Type (Business to Consumer, Business to Business, Peer to Peer), by Application (Generation Z, Millennials, Generation X, Boomers), and Regional Forecasts 2022-2032

Global Sharing Accommodation Market is valued at approximately USD 128.86 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.67% over the forecast period 2024-2032. Sharing accommodation is the practice of individuals renting out their residences, spare rooms, or living spaces to travelers in need of temporary housing. This concept has gained immense popularity due to platforms such as Airbnb, Vrbo, and HomeAway, offering diverse options ranging from entire apartments and homes to unique experiences such as treehouses and houseboats. This trend enhances the travel experience by fostering a sense of community and personalization, allowing travelers to stay in local neighborhoods and interact with hosts for insider insights and recommendations.

The Global Sharing Accommodation Market is driven by increase in population and surge in group travel has substantially propelled the market's growth. world's population grows, so does the demand for flexible and affordable hotel options. Sharing lodgings, such as those provided by companies meet this demand by offering a wide range of economical, convenient, and distinctive lodging options. Furthermore, the popularity of group travel, whether for family holidays, work excursions, or social events, has increased the demand for shared lodgings. These options frequently provide greater space, services, and a homey ambiance than standard hotels, making them an appealing choice for big groups seeking both comfort and value. Moreover, Expansion in emerging markets and technological advancements is anticipated to create lucrative opportunities for the market. However, robust security measures to combat sophisticated fraud attempts and intense competition is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Sharing Accommodation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Europe dominated the sharing accommodation market due to increased air connectivity, growth in intraregional travel, affordable travel options, and the rise of digital platforms have driven robust travel and tourism growth in European countries. The region boasts enhanced air connectivity, making travel between countries and cities more accessible and convenient. This has spurred significant growth in intraregional travel, as people can easily explore various destinations within Europe. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:

Bedycasa

Homestay Technologies Limited

InnoPeople Company Ltd.

Accor SA

HomeToGo GmbH

HomeExchange.com Inc

Findroommate.dk ApS

Booking Holdings, Inc

Airbnb, Inc

Expedia Group, Inc

The detailed segments and sub-segment of the market are explained below:

By Type:
• Business to Consumer (B2C)
• Business to Business (B2B)
• Peer to Peer (P2P)

By Application:
• Generation Z
• Millennials
• Generation X
• Boomers

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows: Historical year – 2022 Base year – 2023 Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market