Americas' share of global accommodation revenue witnessed an increase during the pandemic given its very large domestic travel market. The dynamics are expected to change when travel restrictions in China wane, and its large domestic travel market flourishes again.
Skift Research estimates that the market size, measured by revenue, of the global accommodation sector is projected to reach $903.38 billion by 2022, and that's approximately 95% of the sector revenue in 2019.
That indicates that a full global recovery would occur by 2023.
In our latest report, we provide accommodation sector estimates at a regional and sub-sector levels along with analysis, estimates, and key hospitality performance indicators such as revenue per available room, average da