Alternative Accommodation Market 2030: Insights into the Glamping Trend
Alternative Accommodation Market Growth & Trends The global alternative accommodation market size is expected to reach USD 504.95 billion by 2030 and is expected to expand at a CAGR of 16.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The constantly changing international tourism industry, consumer preferences for affordable and comfortable vacation accommodations such as apartments, home staycations, and services apartments, and rising spending on leisure and business travel are the main factors driving the market. Global alternative accommodations are anticipated to continue to disrupt the hotel sector given the expansion of online travel agencies and the hotel business globally. The market for alternative accommodation has been steadily expanding, with the U.S. and Europe taking the major share of the market on account of the expanding travel and tourist industry. The rapid development of communication and transportation technologies, the...