(MENAFN- America News Hour) In a recently published report, Peer-To-Peer Accommodation Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Peer-To-Peer Accommodation Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
The Peer-To-Peer Accommodation market is developing and expanding at a significant pace. In the present scenario, the tourism sector is currently dealing with the impacts of collaborative consumption with tourists vastly utilizing peer-to-peer services which includes Airbnb and Uber. The Peer-To-Peer accommodation market is on the surging trend in both the developed and developing countries across the globe. The Peer-to-Peer accommodation market is mainly driven owing to Surging connectivity facilitated precisely by online social network platforms offers the individuals to share access to their houses, products, rooms and services for a fee or other compensation. For Example: In the year 2015, Airbnb organization served around more than 25 million consumers, resulting into offering accommodation in more than 34000 cities across the globe which is further impacting the growth and development of peer-to-peer accommodation market.
On the basis of segmentation, the Peer-to-Peer accommodation market has been segmented into Type of accommodation and Application. A large number of individuals or consumers are opting for P2P accommodation precisely in the hospitality and tourism industries. On the Basis of geography, the Peer-to-Peer accommodation market is divided into North America, Europe, Asia-Pacific, Latin America and Rest of World. The Europe region is anticipated to be the fastest growing region owing to escalating trade & commerce activities along with rising tourism sector mainly in the countries such as United Kingdom, France, Germany, Spain and others.
The regional analysis of Global Peer-To-Peer Accommodation Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type of Accommodation:
*Single Room
*Private Room
*Apartment
By Application:
*Tourism
*Hospitality
By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The leading market players mainly include-
*Airbnb Inc
*Flipkey, Inc
*HomeAway, Inc
*Roomorama
*Housetrip Limited
*Wimdu
*Lifealike Limited
*HomeExchange.com
*Couchsurfing International Inc
*MytwinPlace
Target Audience of the Global Peer-To-Peer Accommodation Market in Market Study:
*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors
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TABLE OF CONTENTS
Chapter 1. Global Peer-To-Peer Accommodation Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Peer-To-Peer Accommodation Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter's 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Peer-To-Peer Accommodation Market, By Type of Accommodation
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Peer-To-Peer Accommodation Market, Sub Segment Analysis
5.3.1. Single Room
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Private Room
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Apartment
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 6. Global Peer-To-Peer Accommodation Market, By Application
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Global Peer-To-Peer Accommodation Market, Sub Segment Analysis
6.3.1. Tourism
6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.2. Hospitality
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