Traveling and hotels are interconnected because most long distance travelers require accommodation while they travel to a new location. People’s accommodation requirements can vary depending on the length of their trip, their purpose for traveling, their budget and personal preferences.
In the past, people tended to prefer staying in hotels for their lodging needs because they provided a number of amenities that were not offered by motels. For example, many hotels offer free WiFi services for their guests to stay connected while traveling and provide amenities like televisions with premium channels and smart TVs that allow for access to the major streaming platforms. Hotels also often have more spacious rooms and larger bathrooms compared to motels.
Hotel prices are on the rise due to general inflation, which is reflected in worker wages and increased interest payments for businesses. These increases are passed on to consumers through higher rates at hotels, airfares and even those little shampoo bottles and pretzels on airplanes.
While people may still desire luxury accommodations, they are primarily prioritizing experiences over hotels for their vacations. This is especially true for Americans, who plan their trips around concerts and other events rather than splurging on top-tier hotels.
As a result of the shift towards adventure travel and cultural immersion, hospitality brands are offering mobile accommodations that are more flexible and accessible to consumers. These new types of hotels have the potential to disrupt traditional travel and tourism, while also providing a better experience for consumers.