The non-residential accommodation market provides lodging or short-term accommodation for travelers, vacationers and others. It includes hotels, motels, casino hotels, bed and breakfast accommodations, rooming and boarding houses, recreational and vacation camps, recreational vehicle parks and campgrounds and all other traveler accommodation.

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The global non-residential accommodation market has shown high growth in the past years with a CAGR of about 7%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse
consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the non-residential accommodation market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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As an industry largely driven by the spending power of the customer, steady gains in disposable personal income boosted the accommodation industry. Some developed, developing countries and Pacific Rim countries such as Malaysia, Indonesia, and Vietnam are registering higher disposable incomes leading to higher spending for services such as accommodation when they travel for leisure.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

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Companies included in the report are Marriott International, Hilton Worldwide, Wyndham Worldwide, Hyatt Hotels Corporation and Four Seasons Hotels & Resorts.

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