Private accommodation travel bookings to reach $106 billion by 2018

Private accommodation will account for almost a fifth of global hospitality bookings within two years – and the online travel agency giants are tipped to benefit.

In terms of figures, financial analyst Susquehanna International Group (SIG) says private (alternative) accommodation is expected to hit $106 billion in 2018, some 19% of the overall pie of global room bookings in the market of $555 billion.

The overall share of private accommodation is increasing steadily, but not as dramatically as some might have guessed, with its portion of the market in 2014 at 16% ($69 billion) and 2016 at 18% ($88 billion).

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Source: Tnooz