The Tourism employment in Accommodation segment in France, registered a value of USD 39,100.25 million in 2021
The indicator recorded a historical growth (CAGR) of 2.47% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Between 2017-2025 Tourism employment in the Accommodation segment in France experienced high growth in 2021.
Accommodation only includes the total revenue generated by intermediaries exclusively through accommodation bookings.
Tourism packages are a combination of tourism products or services, such as accommodation, travel bookings, and car rental bundled together by a tour operator.
Market Segmentation of travel intermediaries
The market can be separated into segments such as accommodation, airlines, car rentals, etc. This is because travel intermediaries are not only used for travel packages, but for accommodation, renting cars for your chosen destination, and most importantly for picking the best or cheapest airfares. There is room for large and small players in the accommodation segment. The accommodation segment offers opportunities for both large multinational chains and small, independent businesses. The types of an establishment operated by these two types of players differ greatly. Large global chains such as Hilton and Marriott typically operate large-scale hotels in tourist hotspots. These hotels are usually full service, offering accommodation and food, as well as additional services such as laundry and transport. They often house hundreds of rooms and consequently require a great deal of management given the number of guests and the associated turnover.
Who is the leading player in the accommodation segment in France?
Booking Holdings Inc (Booking Holdings), formerly The Priceline Group Inc, is a provider of online travel and related services. It offers accommodation reservation services, price comparison, rental car reservation services, restaurant reservations, airline ticket booking services, vacation packages, and cruise booking services, travel reservation services. It operates the business under brands such as Booking.com, Agoda, Priceline, KAYAK, Rentalcars.com, and OpenTable. Booking Holdings provides its services to consumers and local partners. It offers restaurant operators restaurant reservation management and customer acquisition services. The company operates in several countries across Europe, North America, South America, Africa, and Asia-Pacific regions. Booking Holdings is headquartered in Norwalk, Connecticut, the US.
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