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Travel buyers spend less on five-star hotels and more on sharing economy

12/06/2017| 2:27:40 PM| 中文

Travel buyers are spending more on budget and mid-scale hotels in 2017 compared to previous years, and most have finally accepted the sharing economy as a part of their programs.

As the habits and desires of business travelers have shifted in recent years, so too have the priorities of corporate travel buyers who have been forced to adapt to a new normal.

A survey of 243 travel buyers conducted by the Business Travel Show and Association of Serviced Apartment Providers found that buyers are spending more on budget and mid-scale hotels in 2017 compared to previous years, and that most have finally accepted the sharing economy as a part of their programs. The losers seem to be more expensive hotel options.

More buyers are also using serviced apartments, which represent a mid-point between more pricey extended-stay hotels and the relatively unregulated homesharing option that has become more popular among business travelers.

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TAGS: business travel | short-term rental | budget hotels
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