Sharing Accommodation Market Report 2025 (Global Edition)

Global Sharing Accommodation Market Report 2025 Market Size Split by Type (Business to Consumer (B2C), Business to Business (B2B), Peer to Peer (P2P)), by Application (Generation Z, Millennials, Gene...

Sharing Accommodation Market Report Description

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Competitive Landscape of the Sharing Accommodation Market

The competitive landscape of the Sharing Accommodation market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established software application manufacturers, specialized Sharing Accommodation companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Sharing Accommodation Industry: (In no particular order of Rank)

• InnoPeople Company Ltd.
• HomeExchange.com Inc.
• Homestay Technologies Limited
• Bedycasa
• Findroommate.dk ApS
• Expedia Group Inc
• Airbnb Inc
• Accor SA
• Booking Holdings Inc
• HomeToGo GmbH
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Sharing Accommodation Market

Which Region Dominates the Sharing Accommodation Market in 2024?

According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of worldwide sales. North America is poised to drive the expansion of the shared accommodation sector. The region's high internet penetration and smartphone usage make it ideal for sharing economy services. Its diverse geography, which includes both bustling cities and scenic locales, attracts a diverse range of guests looking for distinctive hotel experiences. Economic factors boost involvement, as homeowners use their properties to generate extra money. The rise of remote work following the pandemic increases the need for long-term rentals. AI and IoT are technological advances that improve user experience and operational efficiency. Regulatory frameworks are evolving to accommodate the sharing economy, creating an enabling environment for industry growth. North America's appreciation of authentic, local tourism experiences further promotes the sharing accommodation sector, making it a pivotal force in driving growth domestically and internationally.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Sharing Accommodation market because Asia Pacific is well-positioned to drive the expansion of the shared accommodation sector. The region's growing middle class, rising urbanization, and increased internet connectivity make an ideal environment for sharing economy platforms. Rising disposable incomes and a growing desire to travel are driving demand for different and affordable hotel alternatives. Furthermore, Asia Pacific's vast and diverse landscapes, ranging from dynamic metropolises to exotic locales, attract a wide range of travelers looking for one-of-a-kind accommodations. Technological improvements, particularly in mobile technologies and digital payments, allow for more frictionless booking and transactions. Regulatory frameworks are developing to accommodate the sharing economy, giving the market greater clarity and legitimacy. With its tremendous potential and good market conditions, Asia Pacific is poised to emerge as a key driver of growth in the sharing accommodation sector.

 

The current report Scope analyzes Sharing Accommodation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Sharing Accommodation Market Analysis

According to Cognitive Market Research, the global Sharing Accommodation market size was estimated at USD 121584.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 48633.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Sharing Accommodation market with a market size of USD 38372.07 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The United States' early adoption of technology makes it advantageous to deploy user-friendly shared space booking services.
• The Canada Sharing Accommodation market had a market share of USD 5836.06 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's high immigration targets create an ongoing demand for temporary housing options, and shared living can help fill that gap.
• The Mexico Sharing Accommodation market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 4425.68 million in 2024.

Europe Sharing Accommodation Market Analysis

According to Cognitive Market Research, the global Sharing Accommodation market size was estimated at USD 121584.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 36475.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Sharing Accommodation market had a market share of USD 6127.86 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The United Kingdom has a big student population, both native and international. Shared living gives students with flexible and cheap housing options while they study.
• The France Sharing Accommodation market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 3355.73 million in 2024.
• According to Cognitive Market Research, the Germany Sharing Accommodation market size was valued at USD 7222.12 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. The German populace is becoming more acquainted with the concept of sharing resources and services, which bodes well for the sharing accommodation sector.
• The Italy Sharing Accommodation market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 3136.88 million in 2024.
• The Russia Sharing Accommodation market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 5653.68 million in 2024.
• The Spain Sharing Accommodation market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 2990.98 million in 2024
• The Luxembourg Sharing Accommodation market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1130.74 million in 2024.
• The Portugal Sharing Accommodation market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 765.98 million in 2024.
• The Greece Sharing Accommodation market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 437.70 million in 2024.
• Rest of Europe's Sharing Accommodation market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 5653.68 million in 2024.

Asia Pacific Sharing Accommodation Market Analysis

Asia Pacific Summary

According to Cognitive Market Research, the global Sharing Accommodation market size was estimated at USD 121584.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 27964.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Sharing Accommodation market size was valued at USD 12584.00 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Sharing Accommodation sales surge in China due to favorable rules and regulations for the sharing economy helps to boost the market's growth and credibility.
• The Japan Sharing Accommodation market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 3859.09 million in 2024.
• The India Sharing Accommodation market had a market share of USD 3355.73 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's entrepreneurial drive has resulted in the rise of local sharing accommodation platforms that cater to the different needs of Indian tourists.
• The South Korea Sharing Accommodation market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 2796.44 million in 2024.
• The Australia Sharing Accommodation market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1454.15 million in 2024.
• The South East Asia Sharing Accommodation market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 1929.55 million in 2024.
• The Rest of Asia Pacific Sharing Accommodation market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 1985.47 million in 2024.

• According to Cognitive Market Research, the China Sharing Accommodation market size was valued at USD 12584.00 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Sharing Accommodation sales surge in China due to favorable rules and regulations for the sharing economy helps to boost the market's growth and credibility.
• The Japan Sharing Accommodation market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 3859.09 million in 2024.
• The India Sharing Accommodation market had a market share of USD 3355.73 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's entrepreneurial drive has resulted in the rise of local sharing accommodation platforms that cater to the different needs of Indian tourists.
• The South Korea Sharing Accommodation market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 2796.44 million in 2024.
• The Australia Sharing Accommodation market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1454.15 million in 2024.
• The South East Asia Sharing Accommodation market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 1929.55 million in 2024.
• The Rest of Asia Pacific Sharing Accommodation market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 1985.47 million in 2024.

• According to Cognitive Market Research, the China Sharing Accommodation market size was valued at USD 12584.00 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Sharing Accommodation sales surge in China due to favorable rules and regulations for the sharing economy helps to boost the market's growth and credibility.
• The Japan Sharing Accommodation market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 3859.09 million in 2024.
• The India Sharing Accommodation market had a market share of USD 3355.73 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's entrepreneurial drive has resulted in the rise of local sharing accommodation platforms that cater to the different needs of Indian tourists.
• The South Korea Sharing Accommodation market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 2796.44 million in 2024.
• The Australia Sharing Accommodation market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1454.15 million in 2024.
• The South East Asia Sharing Accommodation market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 1929.55 million in 2024.
• The Rest of Asia Pacific Sharing Accommodation market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 1985.47 million in 2024.

South America Sharing Accommodation Market Analysis

According to Cognitive Market Research, the global Sharing Accommodation market size was estimated at USD 121584.5 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 6079.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Sharing Accommodation market size was valued at USD 2601.91 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Sharing Accommodation sales flourish in Brazil due to Brazil's increasing internet penetration and smartphone usage, providing an ideal atmosphere for sharing accommodation platforms to prosper.
• Argentina's Sharing Accommodation market had a market share of USD 1021.31 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's landscape is large and diversified, offering underdeveloped housing alternatives, especially in rural areas. Sharing platforms encourage rural homeowners to give extra rooms, increasing overall housing availability and stimulating area tourism.
• Colombia's Sharing Accommodation market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 541.05 million in 2024.
• Peru's Sharing Accommodation market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 498.50 million in 2024.
• Chile's Sharing Accommodation market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 437.70 million in 2024.
• The Rest of Latin America Sharing Accommodation market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 978.76 million in 2024.

Middle East Sharing Accommodation Market Analysis

According to Cognitive Market Research, the global Sharing Accommodation market size was estimated at USD 121584.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2431.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031

• The GCC Countries Sharing Accommodation market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1040.76 million in 2024. Sharing Accommodation sales flourish due to the GCC countries are actively boosting their tourist industries, luring visitors with abundant experiences, cultural heritage, and breathtaking scenery. Sharing accommodation is a less expensive alternative to luxury hotels, with the opportunity for a more real cultural connection.
• The Egypt Sharing Accommodation market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 255.33 million in 2024.
• The South Africa Sharing Accommodation market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 384.21 million in 2024. Sharing Accommodation sales flourish in South Africa because of South Africa's rich cultural tapestry. Sharing accommodation platforms allows guests to connect with local hosts who can provide unique experiences such as township tours, traditional cooking workshops, and wildlife encounters.
• The Turkey Sharing Accommodation market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 209.13 million in 2024.
• The Nigeria Sharing Accommodation market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 255.33 million in 2024.
• The Rest of the MEA Sharing Accommodation market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 286.94 million in 2024.

Sharing Accommodation Market Analysis

Sharing Accommodation Market Type Segment Analysis

According to Cognitive Market Research, business-to-consumer (B2C) is the dominating category. B2C demand in the shared accommodation sector refers to individual consumers looking for lodging from hosts or property owners. Travel patterns, economic situations, technology improvements, safety measures, regulatory environment, marketing activities, and customer feedback all contribute to this increase in demand. Catering to B2C demand is critical for platform success since it directly affects booking volume and revenue. Providing distinctive, authentic experiences while maintaining safety and convenience is critical for attracting and retaining B2C customers.

Business to Business (B2B) is the fastest-growing category in the Sharing Accommodation market. B2B demand in the sharing accommodation market refers to businesses seeking accommodations for their employees or clients through platforms or rental agencies. This demand is driven by factors such as corporate travel policies, budget constraints, location preferences, and the need for convenient booking processes. B2B demand often involves long-term stays, group bookings, and specific amenities tailored to business needs. Meeting the requirements of B2B clients, including reliability, flexibility, and cost-effectiveness, is crucial for attracting and retaining business customers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sharing Accommodation Industry. Request a Free Sample PDF!

Sharing Accommodation Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Generation Z. Generation Z grew up in the digital age and is quite comfortable with technology. They are skilled at using sharing accommodation platforms and mobile apps to locate and book rooms that meet their needs and budget. Generation Z prioritizes experiences over material stuff. Sharing accommodations provides unique and immersive experiences, allowing guests to stay in local areas, engage with hosts, and experience places as locals rather than tourists.

The fastest-growing category in the Sharing Accommodation market is Generation X. Generation X is frequently in the middle of their professions, may have families, or are planning family holidays. Sharing accommodations, especially those with numerous bedrooms and amenities such as kitchens and living areas, are ideal for family travel. They provide more space and flexibility than standard hotel rooms, allowing families to remain together peacefully. Generation X, like Generation Z, values the benefits of sharing lodgings. They frequently seek affordable travel solutions that maintain comfort and convenience. Sharing lodgings might provide greater value for money, particularly for longer stays or when traveling in groups.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion