The U.S. online accommodation market is expected to foresee significant growth. California to lead the growth!

The U.S. online accommodation market is expected to register a CAGR of around 7% over the period of 2021-2027. This is mainly due to the rising use of mobile applications and websites, the increasing number of businesses, and introduction of the innovative, user-friendly interface portals by key market players. Moreover, the rising disposable income followed by a large number of international students due to the presence of a large number of ivy league universities in the country is positively stimulating the industry landscape. The existence of huge tourism industry in the U.S. is further contributing to the market growth.

Based on the platform type, the market is segmented into mobile application and website. Among these, the website segment held a prominent share of the U.S. online accommodation market in 2020 and is expected to witness substantial growth during the forecast period owing to the wide availability of user-friendly online booking portals where users can compare hotel prices, available services, and others.

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On the basis of mode of booking type, the market is categorized into third-party online portals and direct portals. The third-party online portals segment captured a noteworthy share of the U.S. online accommodation market in 2020 and is anticipated to witness strong growth during the forecast period. The growth of this segment can be attributed to the vast number of third-party accommodation booking sites on different search engines.

For a better understanding of the market adoption of U.S. online accommodation, the market is analyzed based on its presence in the states such as California, Texas, Florida, New York, Pennsylvania, and Others. California held a prominent share of the U.S. online accommodation market in the past and is expected to grow at a significant growth rate during the forecast period mainly due to the presence of a huge tourism industry in the state. California is home to some of the most popular tourist destinations. Millions of people from all over the world come to see some of the most famous tourist places such as Disneyland, the Golden Gate Bridge, Yosemite National Park, and more. However, the market has been hit hard by Covid-19, but it is expected to regain its growth because the world is recovering rapidly from the pandemic.

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Some of the major players operating in the U.S. online accommodation market are Booking Holdings Inc., Hotels.com LP, Hotwire Inc., Orbitz LLC, Agoda Company Pte. Ltd., Airbnb Inc., Hays Travel Limited, Marriott International Inc., First Choice Holidays PLC, and Hilton Worldwide Holdings Inc.

U.S. Online Accommodation Market Segmentation

Market Insight, by Platform Type

• Mobile Application
• Website

Market Insight, by Mode of Booking Type

• Third-Party Online Portals
• Direct Portals

Market Insight, by States

• California
• Texas
• Florida
• New York
• Pennsylvania
• Others

Top Company Profiles

• Booking Holdings Inc.
  • Hotels.com LP
  • Priceline.com LLC
  • Orbitz LLC
  • Tripadvisor Inc.
  • Airbnb Inc.
  • Hays Travel Limited
  • Marriott International Inc.
  • First Choice Holidays PLC
  • Hilton Worldwide Holdings Inc.