The transient lodging sector’s dynamics are currently being molded by significant trends such as the staggering increase in online booking platforms and peer-to-peer accommodation sharing facilitated by companies like Airbnb, which have revolutionised the competition landscape. Furthermore, business and leisure travelers alike are seeking more local, unique and sustainable experiences,...
Discover more insightsThe marketplace for temporary accommodation - typically sought by holidaymakers and short-term travellers - has been nuanced by the emergence of powerful trends. A notable shift lies in the increased preference for home-away-from-home experiences, driving demand for private holiday rentals over traditional hotels. Technology has also begun to play a...
Discover more insightsIn the realm of the hospitality industry, streams other than mainstream hotels, such as boutique hotels, B&Bs, vacation rentals, etc., hold immense untapped potential. These unconventional setups are appreciated by a segment of consumers that seeks unique experiences, local culture immersion, or value-for-money propositions. They thus present an undiscovered vein...
Discover more insightsA high valorization is observed in the holiday and short-stay accommodation category due to evolving consumer preferences and technological advancements. Travelers now prioritize flexibility, convenience, and unique experiences more than ever, prompting a surge in non-traditional accommodations such as vacation rentals, serviced apartments, and home sharing platforms. Furthermore, there has...
Discover more insightsThe last decade has witnessed unprecedented evolution in the lodging sector, guided predominantly by technology, consumer preferences, and regulatory policies. Online booking platforms have revolutionized transactions, fostering greater accessibility and convenience. Digitalization has paved the way for personalized guest experiences through the integration of artificial intelligence and machine learning. Moreover,...
Discover more insightsAt the vortex of volatility, the tourist destinations market is in the throes of profound reformations. The accelerating demand for personalization in recent years has seen travelers showing a tilt towards bespoke tours bundled with accommodation. In contrast to package tours, such custom trips offer higher degrees of flexibility and...
Discover more insightsThe volatility generated by the COVID-19 pandemic has had a profound impact on the traveler accommodation sector. Social distancing measures and travel restrictions have constrained demand, leading to occupancy drops, closures, and revenue losses across different regions. Despite various survival strategies including cost cuts and digital adaptations, many establishments within...
Discover more insightsThe hospitality industry, heavily reliant on global travel mobility, faced considerable disruption due to the COVID-19 pandemic. As countries imposed stringent lockdowns and travel restrictions, occupations connected with traveler accommodation experienced significant declines in revenue and employment levels. Hotels, hostels, and other forms of stay saw reduced occupancy rates, while...
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