Hotel And Other Travel Accommodation Market Definition
A hotel or other travel accommodation refers to a location where legitimate travelers may get food or shelter as long as they have the means to pay for IT and are in good enough health to be accepted. Accommodation is a group of rooms or a building in which someone may live or stay and is essential for any tourists who want to travel to another destination or on a trip because you will always need a place to stay such as hotels, caravan parks, camp sites, and so on.
The main types of hotel or other travel accommodations are hotels and motels, casino hotels, bed and breakfast accommodations, and all other traveler accommodations. Bed & breakfast accommodation is a form of lodging that includes an overnight stay as well as the first meal of the day in the fee. The different modes of booking involve online bookings, direct bookings, and others, and they include various ownerships such as chained, standalone. The price point of the services includes economy, mid-range, and luxury and they are used for tourist accommodation (leisure), and official business (professional), and the property type includes hotels, serviced residences, apartment hotels, co-living, and others.
Hotel And Other Travel Accommodation Market Segmentation
The hotel and other travel accommodation market covered in this report is segmented –
1) By Type: Hotel And Motel, Casino Hotels, Bed And Breakfast Accommodation, All Other Traveler Accommodation
2) By Mode: Online Bookings, Direct Bookings, Others
3) By Price Point: Economy, Mid-Range, Luxury
4) By Ownership: Chained, Standalone
5) By Application: Tourist Accommodation (Leisure), Official Business (Professional)
6) By Property Type: Hotels, Serviced Residences, Apartment Hotels, Co-Living, Other Property Types
Subsegments:
1) By Hotel And Motel: Full-Service Hotels, Limited-Service Hotels, Motels
2) By Casino Hotels: Luxury Casino Resorts, Budget Casino Hotels
3) By Bed And Breakfast Accommodation: Traditional Bed And Breakfasts, Boutique B&Bs
4) By All Other Traveler Accommodation: Hostels, Vacation Rentals, Serviced Apartments, Campsites And Glamping Options