About Peer-to-Peer Accommodation
Peer-to-peer accommodation is defined as online networking platforms that allow people to rent out available space within their property and/or the entire property for a short period. Accommodation is a place where tourists can stay temporarily. It is a location (such as a hotel room or suite) where a tourist can stay and receive other services (dry-cleaning, room service, etc.). A guesthouse is a lodging establishment with at least five rooms that also provides dining services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Competitive Scenario provides an outlook analysis of the vendors' various business growth strategies. The news in this section provides valuable insights at various stages while staying up-to-date with business and engaging stakeholders in the economic debate. The competitive scenario includes press releases or news from companies in the following categories: Merger & Acquisition; Agreement, Collaboration, & Partnership; New Product Launch & Enhancement; Investment & Funding; and Award, Recognition, & Expansion. All of the news gathered assists vendors in understanding market gaps and competitors' strengths and weaknesses, thereby providing insights to improve products and services.` Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Peer-to-Peer Accommodation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Airbnb Inc. (United States), Flipkey Inc. (United States), HomeAway, Inc. (United States), Roomorama (Singapore), HouseTrip Ltd. (United Kingdom), Wimdu (Germany), Onefinestay (United Kingdom), HomeExchange.com (France), Couchsurfing International Inc. (United States) and MyTwinPlace (Spain) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GetMyCar (Italy), Beds on Board (United Kingdom), Guestnest (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Peer-to-Peer Accommodation market by Type (Single Room, Private Room and Apartment), Application (Tourism and Hospitality) and Region.
On the basis of geography, the market of Peer-to-Peer Accommodation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Accommodation, the sub-segment i.e. Catered will boost the Peer-to-Peer Accommodation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Collaborative Consumption Business Model and Customer Social Motivation to Connect With Local Communities
Market Growth Drivers:
Increasing Connectivity Facilitated By Online Social Network Platforms and Demand Owing To the Low Cost Of Quality Accommodation
Challenges:
Regulatory and Policy Skirmishes and Lack of Mathematical Framework for Systematic Understanding
Restraints:
Privacy and Safety Concerns
Opportunities:
Potential Opportunities to the Hoteliers
Market Leaders and their expansionary development strategies
On 11th June 2020, Airbnb launched major initiatives to support local travel and economic growth: a series of partnerships with destinations worldwide and Go Near, a new initiative to support local economies through local travel. The initiatives are being launched as the travel industry begins to recover from the effects of the COVID-19 pandemic.
Peer-to-peer accommodation listings lack safety regulations, privately traded spaces can pose additional risks to guests. Commercial, licensed tourist accommodation providers operate by legal requirements, including building modifications to meet more stringent health and safety codes and standards. When peer-to-peer accommodation first became widely available, such regulations did not apply to Airbnb hosts. Many argued that staying in spaces listed on peer-to-peer accommodation network platforms was therefore unsafe for tourists.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Peer-to-Peer Accommodation Supplier & Distributor, Private Research Organization, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.