Hotel And Other Travel Accommodation Market.pdf

Sample on Global Hotel And Other Travel Accommodation Market -
Global Industry Analysis, Size, Share, Growth Opportunities, Future
Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts
2022 to 2030

Copyright @ 2022, Contrive Datum Insights Page 2
Global Hotel And Other Travel Accommodation Market, 2023-2030
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Research Methodology
Methodology/Research Approach
Our research methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of sources including
trade databases; government published documents, investor presentations, company annual
reports, white papers, and paid databases.
Research Programs/Design
Requirement
collection
Feasibility check of
client requirements
Draft of
deliverables
(iterative step)
Approval from
client
Projectinitiation
Secondary
research
Data collection Primary research
Data validation Data analysis
Cross verification
with panel of
experts
Projectdelivery to
the client
Post-delivery
support

Market Size Estimation
Post the initial data mining stage, we gather our findings and analyse them, Wearable Patch/ Data
Recordering out relevant insights. These are evaluated across teams and by our in-house
Medical. Along with data mining, we also initiate the primary research phase in which we interact
with companies operating within the market space.
To evaluate the wholeness of the market, we interact (via email or telephone) with players who
are responsible in adding value to the final product. Additionally, we interact with related industries
to understand the external factors that can drive/hamper a market. We also make it a point to
evaluate various economic parameters, which typically, have an impact on the purchasing choices
of individuals as well as companies.
Post these stages, data are cross-verified with the companies that operate in a market space. It
is important for us to study these companies in detail, to understand their existing performance
and future strategies which will define the market in the coming years.
All this data is collected and evaluated by our analysts. Post the preparation of the report and
data analysis, the findings are presented to our in-house experts who then eliminate
discrepancies (if any).
 The key players in the industry and markets have been identified through extensive
secondary research.
 The industry’s supply chain and market size, in terms of value, have been determined
through primary and secondary research processes.
 All percentage shares, splits, and breakdowns have been determined using secondary
sources and verified through primary sources.
Data Source
Secondary Sources
In the secondary research process, various secondary sources, such as D&B Hoovers,
Bloomberg Business Week, and Factiva, have been referred to, for identifying and collecting

information for this study. Secondary sources included annual reports, press releases, and
investor presentations of companies; whitepapers, certified publications, and articles by
recognized authors; gold standard and silver standard websites; regulatory bodies; trade
directories; and databases.
List of secondary sources include but are not limited to:
 Academic Journals
 Census.gov
 Bloomberg
 Company Annual Report
 Hoovers
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously Wearable Patch/
Data Reordered to ensure that only validated and authenticated sources are considered. In
addition, data is also mined from a host of reports in our repository, as well as a number of reputed
paid databases. For comprehensive understanding of the market, it is essential to understand the
complete value chain and in order to facilitate this; we collect data from raw material suppliers,
distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia and trade journals.
Technical data is also gathered from intellectual property perspective, focusing on white space
and freedom of movement. Operation Industry Vertical dynamics with respect to drivers,
restraints, pricing trends is also gathered. As a result, the material developed contains a wide
range of original data that is then further cross-validated and authenticated with published
sources.
Primary Sources
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews
are conducted, on face to face as well as over the phone to validate our findings and assumptions
used to obtain them. Interviewees are approached from leading companies across the value chain
including suppliers, Component providers, domain experts and buyers so as to ensure a holistic

and unbiased picture of the market. These interviews are conducted across the globe, with
language barriers overcome with the aid of local staff and interpreters. Primary interviews not only
help in data validation, but also provide critical insights into the market, current business scenario
and future expectations and enhance the quality of our reports. All our estimates and forecast are
verified through exhaustive primary research with Key Operation Industry Vertical Participants
(KIPs) which typically include:
 Market leading companies
 Raw material suppliers
 Operating System distributors
 Buyers
The key objectives of primary research are as follows:
 To validate our data in terms of accuracy and acceptability
 To gain an insight in to the current market and future expectations
Some of the KIPs are mentioned as below:
 Medtronic
 Olympus
 Otsuka Holdings Co., Ltd.
 Etcetera
 Others
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is
created customized for each study. Gathered information for market dynamics, Component
landscape, Sensor Type development and pricing trends is fed into the model and analyzed
simultaneously. These factors are studied on a comparative basis, and their impact over the
forecast period is quantified with the help of correlation, regression and time series analysis.
Market forecasting is performed via a combination of economic tools, technological analysis, and
industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market
models are used for long-term forecasting. These are based on an amalgamation of Component
landscape, regulatory frameworks, economic outlook and business principles. A bottom-up
approach to market estimation is preferred, with key regional markets analyzed as separate
entities and integration of data to obtain global estimates. This is critical for a deep understanding
of the industry as well as ensuring minimal errors. Some of the parameters considered for
forecasting include:
 Market drivers and restrains, along with their current and expected impact
 Raw material scenario and supply v/s price trends
 Regulatory scenario and expected developments
 Current capacity and expected capacity additions up to 2026
We assign weights to these parameters and quantify their market impact using weighted average
analysis, to derive an expected market growth rate.
Data Triangulation
Contrive Datum Insights also leverages three Industry Verticals of data triangulation approaches
as follows:
Data Triangulation Techniques
Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023
Data Source Triangulation
• Extracting data and validation
from multiple type of
secondary and primary
sources
Methodology Triangulation
• Combining various
methodologies to validate
data inputs
Theory Triangulation
• Applying different theories to
check credibility of data sets

Contrive Datum Insights data modeling tool is an in-house developed tool, which is based on the
fundamental Top Down and Bottom Up approach.
Bottom Up Approach
After arriving at the overall market size using the market size estimation processes as explained
above, the market was split into several segments and sub segments. To complete the overall
market engineering process and arrive at the exact statistics of each market segment and sub
segment, the data triangulation and market breakdown procedures were employed, wherever
applicable. The data was triangulated by studying several factors and trends from both the
demand and supply sides.
Global
Market
Value
Add up all Country Market Sizes
to Derive Regional Market Size
Market Size for a Country = Add up of Total
Company Revenues
Primary: Demand and Supply Side Experts
Secondary: Annual Reports, Presentations,
Press Release, Journals, Paid Databases,
and A2Z Market Research database
Primary: Demand & Supply Side Experts
Secondary: Annual Reports, Presentations,
Press Releases, Journals, Paid Databases,
and A2Z Market Research database
Bottom-upApproach (Segmental Analysis) Global Market

Top Down Approach
Report Objectives
 To define, describe, and forecast the Hotel And Other Travel Accommodation Market by
segments, and region
 To provide detailed information about the major factors (drivers, restraints, opportunities,
and challenges) influencing the growth of the market
 To analyze the sub-segments with respect to individual growth trends, prospects, and
contributions to the total market
 To analyze opportunities in the market for stakeholders and provide the competitive
landscape of the market
 To forecast the revenues of the market segments with respect to the major regions, such
as North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America.
Global Market ($ Million)
Geographical Split
Percent Split for Type and
Application Segments for
Market
Country Split
Global Market Size Through Primaries(Demand and
Supply Side Experts)
Secondary: Annual Reports, Presentations, Press
Release, Journals, Paid Databases, and A2Z Market
Research
Secondary: Annual Reports, Presentations, Press
Release, Journals, Paid Databases, and A2Z Market
Research database
Primary: Demand &and Supply Side Experts
Secondary: Company Websites, Press Releases, and
News Articles
Top-Down Approach (SegmentalAnalysis) Global Market

 To profile the key players and comprehensively analyze their recent developments and
positioning in Hotel And Other Travel Accommodation market.
 To analyze competitive developments, such as mergers and acquisitions, new product
developments, and Research and Development (R&D) activities, in the market

Market Overview
Market Synopsis
From US$ 956.2 billion in 2022, the Global Hotel and Other Travel Accommodation Market is expected
to grow at a compound annual growth rate (CAGR) of 3%. Between 2022 and 2030, the market is
expected to grow at a CAGR of 10% and reach $1229.4 billion.
The hotel and other travel accommodations market is made up of markets where organizations, sole
proprietors, or partnerships that offer short-term lodging services sell short-term lodging services and
related products in places like hotels, motor hotels, resort hotels, and motels. Hotels, motor hotels,
resort hotels, and motels all have products that go with them. Facilities in this industry may offer food
and drinks, activities, meeting rooms, services for conventions, laundry services, parking, and other
services. Hotels and motels are the two main types of places to stay when traveling. There are hotels,
bed and breakfasts, and all kinds of other places for travelers to stay.
Request Sample Copy of Report “Hotel And Other Travel Accommodation Market - Travel
Accommodation Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future
Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by
Contrive Datum Insights.
Key Market Updates:
 Travel agencies and hotels launch new offers to increase sales. From special
bubble vacations that promise personalized service from start to finish, to 72-hour
flash sales offering free nights, and other promotions throughout the holidays
offering discounts of up to 40% at select 5-star hotels, chains and travel agencies.
 As the travel industry recovers during the post-pandemic Christmas season,
Leisure Hotels Group, a leading experimental resort chain with presences in scenic
destinations in North India and Goa, announces the opening of its first hotel in
Rishikesh, The Hideaway Bedzzz. Alternative Accommodation Sector.
Regional Outlook:
In 2020, 37% of the global market for hotels and other travel accommodations was made up of the
Asia-Pacific region. North America was the second largest region, making up 27% of the market
for hotels and other places to stay for travelers around the world. Africa was the smallest region in
the market for hotels and other places to stay for travelers around the world.

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Market Scope
On the basis of By Type the market has been segmented as follows:
 Hotel and Motel
 Casino Hotels
 Bed and Breakfast Accommodations
 All Other Traveller Accommodations
On the basis of By Mode of Booking, the market has been segmented as follows:
 Online Bookings
 Direct Bookings
 Others
On the basis of By Application, the market has been segmented as follows:
 Tourist Accommodation (Leisure)
 Official Business (Professional)
On the basis of By Price Point, the market has been segmented as follows:
 Economy
 Mid-range
 Luxury
On the basis of By Ownership, the market has been segmented as follows:
 Chained
 Standalone

On the basis of Companies
Marriott International, Hilton Worldwide, Wyndham Corporation, Hyatt Hotels Corporation, Four
Seasons Hotels & Resorts
On the basis of Geography
 NORTH AMERICA
 EUROPE
 ASIA PACIFIC
 MIDDLE EAST AFRICA
 SOUTH AMERICA
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