About Accommodation Sharing
The term "accommodation sharing economy" refers to the rising trend of home owners who offer their properties as short-term rentals. These short-term rentals are in direct competition with conventional lodging providers by providing a different, frequently more affordable form of lodging in major cities. Several online platforms, most notably Airbnb, which has substantially increased the viability of short-term rentals as an alternative to conventional hotels, facilitate the sharing economy of accommodation. These new platforms make it simpler to sell homes, manage reservations, and make payments, which has caused a huge growth in the popularity of short-term rentals.
|Unit||Value (USD Million)|
The demand for Accommodation Sharing is increasing. The industry is segmented, but it is predicted to grow as rise in online travel agency and increasing international and domestic travel, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Accommodation Sharing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Onefinestay (United Kingdom), HomeAway (United States), Couchsurfing (United States), Homestay (Dublin), Mister B&B (United States), Noirbnb (United States), Airbnb (United States), Tujia (China), Muniao (China), Xiaozhu (China), Meituan (China) and Cozy Holdings (United States) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Accommodation Sharing market by Type (Economy, Comfortable, Boutique and Other), Application (Tourism, Business Trip and Other) and Region.
On the basis of geography, the market of Accommodation Sharing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In March 2019 Airbnb had announced the acquisition of HotelTonight. This acquisition enables Airbnb continue providing guests with an incredible last-minute travel experience that offers new, memorable accommodation on every trip, on any schedule, at any time. Together, HotelTonight and Airbnb can provide tourists with more alternatives while also offering the world's best boutique and independent hotels with an authentic partner to connect them with those guests.
In 2021, all visitors staying in onefinestay homes, villas, and chalets will now gain access to Accor's creative and strategic cooperation with AXA as part of ALL - Accor Live Limitless - Medical solutions, according to a statement from onefinestay.
- Increasing Expenditure on Travel, Vacations
- Low Cost as compared Hotels
- Pet-Friendly Nature of the Accommodation Coupled
- Increase in Number of International or Domestic Travel
- Privacy and Safety Concerns
- Different Sleep Schedules
- Personal Hygiene
Key Target AudienceSharing Accommodations Provider, Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.