Travel Accommodation Market Share

Travel Accommodation Market Share

Marriott International, Inc., Radisson Hotel Group, and Hilton Worldwide Holdings Inc. held a significant market share of over 4% in 2023. Marriott is expanding its luxury portfolio and enhancing digital experiences. By leveraging its Bonvoy loyalty program, Marriott drives customer engagement and offers tailored travel packages. The company is also investing in sustainable practices and smart technologies across its properties to attract eco-conscious travelers.
 

Radisson is rapidly expanding in emerging markets and boosting its digital presence with a revamped loyalty program. By adopting a localized approach, Radisson caters to regional demands and emphasizes sustainability by integrating eco-friendly practices. The company is also investing in hybrid meeting solutions, appealing to both business and leisure travelers.
 

Hilton is broadening its global presence by opening new properties, especially in Asia and Africa. Through its Honors loyalty program and innovations like contactless check-ins, Hilton emphasizes personalized guest experiences. The company is committed to sustainability, targeting net-zero emissions by 2050, and is amplifying its wellness offerings for health-conscious travelers.
 

Travel Accommodation Market Companies

Major players operating in the travel accommodation industry are:

• Marriott International, Inc.
• Radisson Hotel Group
• Hilton Worldwide Holdings Inc.
• Airbnb, Inc.
• Hyatt Hotels Corporation
• Four Seasons Hotels and Resorts
• InterContinental Hotels Group PLC (IHG)
• Accor S.A.
• Best Western International, Inc.
• Shangri-La Hotels and Resorts