South Korea Alternative Accommodation Market Size & Outlook
South Korea alternative accommodation market, 2017-2030 (US$M)
Related Markets
South Korea alternative accommodation market highlights
- The South Korea alternative accommodation market generated a revenue of USD 4,456.9 million in 2021 and is expected to reach USD 20,645.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 18.6% from 2022 to 2030.
- In terms of segment, home was the largest revenue generating accommodation type in 2021.
- Apartments/Condominium is the most lucrative accommodation type segment registering the fastest growth during the forecast period.
Alternative accommodation market data book summary
| Market revenue in 2021 | USD 4,456.9 million |
| Market revenue in 2030 | USD 20,645.1 million |
| Growth rate | 18.6% (CAGR from 2021 to 2030) |
| Largest segment | Home |
| Fastest growing segment | Apartments/Condominium |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home, Apartments/Condominium, Alternative Accommodation & Camping, Hostel |
| Key market players worldwide | Trivago NV ADR, Airbnb Inc Ordinary Shares - Class A, Booking Holdings Inc, Expedia Group Inc, MakeMyTrip Ltd, Wyndham Hotels & Resorts Inc Ordinary Shares, Trip.com Group Ltd, Tripadvisor Inc, HomeToGo, Holidu |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.5% of the global alternative accommodation market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China alternative accommodation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,425.5 million by 2030.
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Alternative Accommodation Market Scope
Alternative Accommodation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea alternative accommodation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alternative accommodation market will help companies and investors design strategic landscapes.
Home was the largest segment with a revenue share of 33.6% in 2021. Horizon Databook has segmented the South Korea alternative accommodation market based on home, apartments/condominium, alternative accommodation & camping, hostel covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of South Korea alternative accommodation market databook
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Our clientele includes a mix of alternative accommodation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea alternative accommodation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea alternative accommodation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea alternative accommodation market size, by accommodation type, 2017-2030 (US$M)
South Korea Alternative Accommodation Market Outlook Share, 2021 & 2030 (US$M)
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