Skyft Research estimates that in 2024 the global accommodation market has earned nearly $ 1.2 trillion, and in our latest report, plans to more than $ 1.3 trillion in 2026. Development is a combination of strong entertainment journey and business travel.
Our latest report updates market -sized data from 2022. These include a detailed regional analysis in the United States, Europe, Asia Pacific region, the Middle East and North Africa, and Africa (excluding North Africa). It also analyzes market subsidiaries, such as hotels and short -term rent, and business and entertainment travel partnerships in the housing sector.
Here are 3 techways above the report.
1: a moderate growth prediction
We offer about 5 % growth year for the next two years, with gross revenue in 2026 to $ 1.3 trillion.
2: Asia Pacific area will surpass Europe by 2026
During pandemic illness, the region of Asia Pacific surpassed Europe in housing income. While Europe was in a hurry to recover, we expect the Asia Pacific territory to overtake Europe again in 2026.
The reason for this is due to the growing rules and obstacles of Europe’s accommodation, which is compared to increasing demand and supply in Asia -Pacific.
3. Business travel expenses left behind the pre -level level in 2024
Our report estimates that the Business Travel contribution in the housing sector reached close to 2019 in 2023 and when the final number increased, it was likely to increase by 10 % in 2024.
Despite all the head winds facing the industry, such as geographical political challenges, slow recovery of Chinese international travel, global conflicts, changing political landscapes, and regular sanctions on tourist housing, we expect moderate revenue in the coming years.
Our recently published report read the global housing sector market for more insights in the global housing market to estimate 2025.
