The Students And Workers Non-residential Accommodation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Students And Workers Non-residential Accommodation Global Market Report 2024, The students and workers non-residential accommodation market size has grown rapidly in recent years. It will grow from $17.18 billion in 2023 to $18.98 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to educational enrollment, economic conditions, urbanization, government policies, demographic shifts.
The students and workers non-residential accommodation market size is expected to see rapid growth in the next few years. It will grow to $29.16 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to the adoption of online and hybrid education methods, remote work trends, international mobility, sustainability and esg, health and safety regulations. Major trends in the forecast period include flexible accommodation models, technology integration, sustainability practices, wellness and comfort, customization and personalization.
Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion, and multi-national companies setting up facilities in high-growth regions, thereby allowing restaurant operators to offer their cuisines to customers around the world. Globalization is also making it easier for restaurants to procure exotic ingredients and hence provide a more sophisticated and wider variety of dishes to their customers, thereby giving restaurants an opportunity to compete globally. Furthermore, globalization has increased the number of potential vendors for restaurants, lowering the bargaining power of suppliers and thus helping the bottom line. For example, McDonald’s is produced in many countries and has franchises around the world. It invests and supports initiatives to adapt its products and services to different locales to ensure its global brand. This rise in globalization is likely to boost investments and consequently drive the market going forward.
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The students and workers non-residential accommodation market covered in this report is segmented –
1) By Type: Dormitories; Off Campus Establishments; Migrant Workers’ Camps
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
The students and workers non-residential accommodation market report table of contents includes:
- Executive Summary
- Students And Workers Non-residential Accommodation Market Characteristics
- Students And Workers Non-residential Accommodation Product/Service Analysis -Product/Service Examples
- Students And Workers Non-residential Accommodation Market Trends And Strategies
- Students And Workers Non-residential Accommodation Market – Macro Economic Scenario
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- Global Students And Workers Non-residential Accommodation Market Competitive Benchmarking
- Global Students And Workers Non-residential Accommodation Market Competitive Dashboard
- Key Mergers And Acquisitions In The Students And Workers Non-residential Accommodation Market
- Students And Workers Non-residential Accommodation Market Future Outlook and Potential Analysis
- Appendix
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