Travel buyers spend less on five-star hotels and more on sharing economy
12/06/2017|2:27:40 PM|Skift

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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