Alternative Accommodation Market Share, Size, Trends, Industry Analysis Report, By Accommodation Type (Home, Apartments/Condominium, Alternative Accommodation & Camping, Hostel, and Others); By Booking Mode; By Region; Segment Forecast, 2023 – 2032

Alternative Accommodation Market Share, Size, Trends, Industry Analysis Report, By Accommodation Type (Home, Apartments/Condominium, Alternative Accommodation & Camping, Hostel, and Others); By Booking Mode; By Region; Segment Forecast, 2023 – 2032



The global alternative accommodation market size is expected to reach USD 477.57 billion by 2032, according to a new study by Polaris Market Research. The report “Alternative Accommodation Market Share, Size, Trends, Industry Analysis Report, By Accommodation Type (Home, Apartments/Condominium, Alternative Accommodation & Camping, Hostel, and Others); By Booking Mode; By Region; Segment Forecast, 2019 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The surging popularity of alternative accommodation due to its ability to offer diverse range of properties ranging from cozy apartments to luxurious villas and also unconventional stays like houseboats and treehouses along with the higher demand for flexibility in terms of check-in and check-out times, property choices, and cancellation policies, are the leading factors fueling the demand and growth of the market. Additionally, the growing shift towards remote work and constantly surging desire for work-life balance, that have led to greater demand workstations like a combination of work and vocational stays, are likely to have a positive impact on the market.

For instance, in May 2022, Booking.Com., announced that the company is going to invest heavily in tech and ads, with an aim to expand its alternate accommodation business across the world. The company has been continuously working on the development and improvement of their alternative accommodation products globally with higher focus on US market.

In the recent years, significant number of hotel chains and hospitality groups have recognized the potential of the alternative accommodation and have been investing or acquiring alternative accommodation platforms and companies, so that they can diversify their portfolios, tap into new customer segments, and gain a presence in the growing market. For instance, according to a report published in 2022, the demand for alternative accommodation has seen an upsurge of around 30 to 40 percent in the last few years, and the number of booking has been rising month-on-month all over the world.

Many platforms are now focusing on offering instant booking options, allowing guests to reserve properties immediately without waiting for host approval and are also introducing smart pricing algorithms, that is likely to create ample growth potential for the market over the years. Beside this, IoT devices are being integrated into alternative accommodations in order to enhance guest experiences and property management, thereby pushing the global market growth forward.

Alternative Accommodation Market Report Highlights

Home segment held the larger share, owing to emergence of homelike stays among both international and domestic travelers

Online segment is projected to gain substantial growth rate over the coming years, owing to rise in the number of smartphone users and development of new applications

North America region dominated the global market with considerable share in 2022, on account of high consumer spending power and greater technological advancements

The global key market players include Stay Alfred, MakeMyTrip Limited, Expedia Group, Airbnb Inc., Trip.com Group Limited, and Wyndham Destinations Inc.

Polaris Market Research has segmented the alternative accommodation market report based on accommodation type, booking mode, and region:

Alternative Accommodation, Accommodation Type Outlook (Revenue - USD Billion, 2019 - 2032)

Home

Apartments/Condominium

Alternative Accommodation & Camping

Hostel

Others

Alternative Accommodation, Booking Mode Outlook (Revenue - USD Billion, 2019 - 2032)

Offline Alternative Accommodation Booking

Online Alternative Accommodation Booking

Alternative Accommodation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Alternative Accommodation Market Insights
4.1. Alternative Accommodation Market – Industry Snapshot
4.2. Alternative Accommodation Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing consumer spending power
4.2.1.2. Increasing innovations in technologies
4.2.2. Restraints and Challenges
4.2.2.1. Rising number of fraud attacks
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Alternative Accommodation Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Alternative Accommodation Market, by Accommodation Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Alternative Accommodation, by Accommodation Type, 2019-2032 (USD Billion)
5.3. Home
5.3.1. Global Alternative Accommodation Market, by Home, by Region, 2019-2032 (USD Billion)
5.4. Apartments/Condominium
5.4.1. Global Alternative Accommodation Market, by Apartments/Condominium, by Region, 2019-2032 (USD Billion)
5.5. Alternative Accommodation & Camping
5.5.1. Global Alternative Accommodation Market, by Alternative Accommodation & Camping, by Region, 2019-2032 (USD Billion)
5.6. Hostel
5.6.1. Global Alternative Accommodation Market, by Hostel, by Region, 2019-2032 (USD Billion)
5.7. Others
5.7.1. Global Alternative Accommodation Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Alternative Accommodation Market, by Booking Mode
6.1. Key Findings
6.2. Introduction
6.2.1. Global Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
6.3. Offline Alternative Accommodation Booking
6.3.1. Global Alternative Accommodation Market, by Offline Alternative Accommodation Booking, by Region, 2019-2032 (USD Billion)
6.4. Online Alternative Accommodation Booking
6.4.1. Global Alternative Accommodation Market, by Online Alternative Accommodation Booking, by Region, 2019-2032 (USD Billion)
7. Global Alternative Accommodation Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Alternative Accommodation Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Alternative Accommodation Market – North America
7.3.1. North America: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.3.2. North America: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.3.3. Alternative Accommodation Market – U.S.
7.3.3.1. U.S.: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.3.4. Alternative Accommodation Market – Canada
7.3.4.1. Canada: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.3.4.2. Canada: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4. Alternative Accommodation Market – Europe
7.4.1. Europe: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.2. Europe: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.3. Alternative Accommodation Market – UK
7.4.3.1. UK: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.3.2. UK: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.4. Alternative Accommodation Market – France
7.4.4.1. France: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.4.2. France: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.5. Alternative Accommodation Market – Germany
7.4.5.1. Germany: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.5.2. Germany: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.6. Alternative Accommodation Market – Italy
7.4.6.1. Italy: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.6.2. Italy: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.7. Alternative Accommodation Market – Spain
7.4.7.1. Spain: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.7.2. Spain: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.8. Alternative Accommodation Market – Netherlands
7.4.8.1. Netherlands: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.4.9. Alternative Accommodation Market – Russia
7.4.9.1. Russia: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.4.9.2. Russia: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5. Alternative Accommodation Market – Asia Pacific
7.5.1. Asia Pacific: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5.3. Alternative Accommodation Market – China
7.5.3.1. China: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.3.2. China: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5.4. Alternative Accommodation Market – India
7.5.4.1. India: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.4.2. India: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5.5. Alternative Accommodation Market – Malaysia
7.5.5.1. Malaysia: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5.6. Alternative Accommodation Market – Japan
7.5.6.1. Japan: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.6.2. Japan: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5.7. Alternative Accommodation Market – Indonesia
7.5.7.1. Indonesia: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.5.8. Alternative Accommodation Market – South Korea
7.5.8.1. South Korea: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.6. Alternative Accommodation Market – Middle East & Africa
7.6.1. Middle East & Africa: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.6.3. Alternative Accommodation Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.6.4. Alternative Accommodation Market – UAE
7.6.4.1. UAE: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.6.4.2. UAE: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.6.5. Alternative Accommodation Market – Israel
7.6.5.1. Israel: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.6.5.2. Israel: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.6.6. Alternative Accommodation Market – South Africa
7.6.6.1. South Africa: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.7. Alternative Accommodation Market – Latin America
7.7.1. Latin America: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.7.2. Latin America: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.7.3. Alternative Accommodation Market – Mexico
7.7.3.1. Mexico: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.7.4. Alternative Accommodation Market – Brazil
7.7.4.1. Brazil: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
7.7.5. Alternative Accommodation Market – Argentina
7.7.5.1. Argentina: Alternative Accommodation Market, by Booking Mode, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Alternative Accommodation Market, by Accommodation Type, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Airbnb Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Agoda Homes
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Booking.com.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. HomeToGo
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Expedia Group
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Flipkey
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. holidu.co.uk.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. HomeAway
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. MakeMyTrip Limited
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Onefinestay
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Peakah
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Plum Guide
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Stay Alfred
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Sonder
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Trip.com Group Limited
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16.TripAdvisor Inc.
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Wyndham Destinations Inc.
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development
9.17. Wimdu
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development

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