Alternative Accommodation Market Size

Market Size in USD Bn

CAGR16.54%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	16.54%
Market Concentration	Medium
Major Players	Airbnb Inc., Booking.com, Expedia Group, Trip.com Group Limited, Wyndham Destinations Inc. and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Alternative Accommodation Market Analysis

The alternative accommodation market is estimated to be valued at USD 200.4 Bn in 2024 and is expected to reach USD 585.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 16.54% from 2024 to 2031. The alternative accommodation market is experiencing strong growth driven by increasing preference of travelers towards unique accommodations such as homestays, villas, and cabins over conventional hotels.