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Non-Residential Accommodation Services Market Growth Potential: How Will Market Size Shift Through 2030?
The non-residential accommodation services market has experienced robust growth in its size over recent years. It is projected to expand from $1448.21 billion in 2025 to $1535.56 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.0%. The expansion observed in the historic period can be ascribed to factors such as increased tourism activities, the broadening of corporate travel, escalating urbanization, a rise in demand for event-based travel, and the development of hotel infrastructure.
The non-residential accommodation services market is projected to experience substantial expansion over the coming years. Its valuation is anticipated to reach $2015.17 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 7.0%. This forecasted increase is driven by factors such as an increase in domestic travel demand, higher disposable income levels, the proliferation of digital booking platforms, enhanced business mobility, and a need for adaptable accommodation solutions. Key developments expected during this timeframe encompass the rise of short-term business travel accommodation, the broadening availability of budget and mid-range lodging options, a growing preference for flexible stay models, a heightened emphasis on experience-centric lodging, and the proliferation of online and direct booking channels.
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Non-Residential Accommodation Services Market Growth Catalysts And Demand Drivers
The increasing use of social media and widespread access to mass media is positively influencing the tourism and non-residential accommodation industries. As tourists share their travel experiences, photographs, and videos on social media platforms, public awareness of various tourist destinations and recreational opportunities offered by countries globally is on the rise. For instance, in November 2024, a report by the UK-based government office, Office of Communications (Ofcom), stated that by June 2024, Reddit had become the fastest-growing major social media platform in the UK, reaching over half of online adults (24.6 million, 52%). Its audience grew 47% year-on-year, surpassing X (formerly Twitter) and LinkedIn to become the fifth largest platform. Growth was particularly strong among young adults, with 71% of 18-24s and 63% of 25-34s using Reddit, up from 58% and 49% last year. Therefore, the expanding use of social media and access is driving the growth of the tourism and non-residential accommodation sectors. The non-residential accommodation services market is expected to grow significantly due to increasing international travel. International travel refers to individuals or groups journeying across national borders to visit foreign countries or destinations. Non-residential accommodation services provide essential lodging and support for travelers, facilitating international trips by offering comfortable and convenient places to stay while exploring foreign destinations. For example, in February 2023, according to the International Trade Administration, a US-based government agency, the total volume of international visitation to the United States increased to 62.8 million in 2023, an increase of 11 million, or 21.2%, from 51.8 million visitors in 2022. Additionally, international visitation is forecast to reach 91 million in 2027. Therefore, the rise in international travel is a key driver for the growth of the non-residential accommodation services market.
Non-Residential Accommodation Services Market Breakdown By Product Type And Application
The non-residential accommodation services market covered in this report is segmented –
1) By Type: Hotel And Other Travel Accommodation, Camping And Caravanning, Students And Workers Non-residential Accommodation
2) By Price Point: Economy, Mid-Range, Luxury
3) By Channel: Direct Sales, Distributor
4) By Mode of Booking: Online Bookings, Direct Bookings, Other Mode Of Booking
Subsegments:
1) By Hotel And Other Travel Accommodation: Luxury Hotels, Midscale Hotels, Economy Hotels, Boutique Hotels, Other Travel Accommodations
2) By Camping And Caravanning: Recreational Vehicle Parks, Campgrounds, Trailer Parks
3) By Students And Workers Non-Residential Accommodation: Student Hostels, Worker Dormitories, Temporary Housing Solutions
Non-Residential Accommodation Services Market Trends Shaping Long-Term Demand
Leading companies in non-residential accommodation markets are increasingly focusing on incorporating artificial intelligence (AI) tools, such as AI-powered accommodation management platforms, to enhance student housing discovery, allocation, and operational efficiency. An AI-driven accommodation management platform is a technology-enabled system that utilizes artificial intelligence algorithms, machine learning models, and data analytics to automate and optimize the planning, discovery, allocation, pricing, and operational management of accommodation services. For instance, in June 2023, University Living, an India-based student housing marketplace, unveiled StudentAccommodationGPT.ai. This platform grants students access to thousands of accommodation options and features a personalized search bar to facilitate finding the ideal match. The platform is designed to streamline the search for student accommodation, enabling students to save time and money in the process. StudentAccommodationGPT.ai serves as a comprehensive platform, offering verified properties, 24×7 assistance, and a price match guarantee.
Non-Residential Accommodation Services Market Company Landscape And Competitive Strategy
Major companies operating in the non-residential accommodation services market are Marriott International, MGM Resorts International, InterContinental, Hilton Worldwide Holdings, Accor Hotels, Shanghai Jin Jiang International Hotels Group Company Limited, Starwood Hotels, Hyatt Hotels Corporation, Four Seasons Hotels and Resorts, Wyndham Hotels and Resorts, Choice Hotels International, Best Western International, Carlson Rezidor Hotel Group, Mandarin Oriental International Limited, Shangri-La Asia Limited, The Indian Hotels Company Limited, Jumeirah International LLC, Extended Stay America, Red Roof Inn, Motel 6, La Quinta Inns and Suites, Candlewood Suites, Staybridge Suites, Homewood Suites by Hilton, Residence Inn by Marriott, TownePlace Suites by Marriott, SpringHill Suites by Marriott
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Non-Residential Accommodation Services Market Geographic Analysis: Where Is Demand Rising Fastest?
Asia-Pacific was the largest region in the non-residential accommodation services market in 2025. North America was the second largest region in the non-residential accommodation services market. The regions covered in the non-residential accommodation services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.