Hotel alternatives are paid lodging options other than casino hotels, hotels, and motels, and can comprise options such as bed and breakfasts, home shares, hostels, vacation rentals, campgrounds, and apartment rentals, among others. The variety and number of non-hotel lodging options have risen greatly in the past few days, and has become a major and lucrative sector in the US travel industry. Travelers belonging to the younger demographics in addition to the groups who are more experience minded have become some of the more common demographics to choose such accommodation options. A study of the US hotel alternatives industry is compiled and published in the report titled, "HOTEL ALTERNATIVES - US - JULY 2019" that has been added to the massive research repository of Market Research Hub (MRH).
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Hotel alternative businesses have bright prospects, but are increasingly working to fill in the experience gaps that may push customers from moving back to hotels. Hotels also provide options such as loyalty programs and increased safety facilities, which are issues in hotel alternatives owing to cost feasibility issues.
Despite small startups being viewed as having an advantage in terms of diversification and innovation in the hospitality space, large scale hospitality giants actually have the greatest potential to diversified success, which can be mainly attributed to the vast funding resources available to these entities.
Hotel alternatives such as Airbnb are increasingly becoming subject to regulations of various governments and municipalities, who are looking to protect long term housing. This is a major challenge that businesses will have to face going forward.
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Hotel Alternatives - US – July 2019: Report Overview
The report on the hotel alternatives industry for US in July 2019 provides the readers with a detailed analysis on the landscape of hospitality industry operating in US. Industry-based forecasting models include a full analysis of the research publication and primary interviews with industry participants in addition to consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry savants, hospitality experts and industry analysts to provide key validations of the sales volume and relevant assumptions in the study.
The hotel alternatives industry report for US in July 2019 foresees the performance of the market progress in terms of volumes forecast by different categories including sales, marketing, technology, and costs, in addition to factors such as the growth of the US hotel alternatives market.
For each of these categories, business development strategies and market projections adopted by key market players for specific strategies has also been added to the report. Valuable insights which can be helpful for manufacturers operating in the US hotel alternatives market are provided in the report.
Assessment of pricing analysis, supply-demand equation, market expansion strategies, and barriers to market entry, makes the report a highly credible source of data for business professionals interested in the US hotel alternatives market.
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Hotel Alternatives – US – July 2019: Increased Popularity with Younger Demographic
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