2024: TRAVEL AND ACCOMMODATION TRENDS - Hospo's next chapter

I managed to get the camera out last week whilst visiting Sydney on a work expedition and I’m excited to share with you my annual wrap-up. Once again I am diving into the top 10 predictions for travel and accommodation in 2024. It's an exercise I cherish; reflecting on the past and forecasting the future is not just a passion but a ritual that has consistently offered immense value to our community. 2023 has been a monumental year, especially with the rise of AI. This technological advancement has not only been a buzzword but a transformative force in our industry. As we stand at this pivotal juncture, it's more crucial than ever to take stock of the year gone by and strategically plan for the next. In this episode, I'll guide you through why embracing these changes and preparing for the future is vital for your accommodation business. Did I miss anything? In this episode, we discuss: 0:35 - Technology & Enhanced Guest Experience 1:12 - International Visitors & Changing Demographics 2:52 - Fluctuations in Travel Seasons: Higher Peaks and Lower Troughs 3:53 - Innovation in Online Travel Agencies (OTAs) 5:22 - Strategies to Drive Demand in Competitive Markets 5:58 - Rise of Direct Bookings and Its Market Impact 6:31 - Travel Agents and the Evolution of Curated Travel Experiences 7:17 - Professionalisation and Standardisation in Short-Term Rentals 8:18 - Revival of Metropolitan and City Travel Post-Pandemic 8:56 - Impact of the Youth Demographic on Travel and Hospitality Show Links # # # ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🥊 Hotel - BNB - STR Owners! 🥊 Need more direct bookings or a brand new website? The trusted tech partner you can count on. We deliver results. 🥊 https://www.ibooked.online ​​​​​​​​​​​🥊 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Don't forget to hit that subscribe button! This also keeps us going and creating more useful content for free! ACCOMMODATION OWNERS AND MANAGERS FREE RESOURCES! 📧Join the mailing list for freebies and critical industry updates: https://bit.ly/accommodationtipsandtricks 🌍The Accommodation Owners and Managers Facebook Group: https://bit.ly/AMoFacebookCommunity 🗨 Connect with Bart Sobies for more industry insight: https://www.ibooked.online/bart/ 🎙 Subscribe to the podcast to listen later: https://www.theaccommodationshow.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: The content shared on this YouTube channel, Podcast, or associated posts reflects personal opinions and insights. This content is not intended as legal, financial, or investment advice. Always consult with licensed professionals before making decisions. The hosts and guests disclaim liability for any consequences from the use of this content. Actions taken should be based on your personal due diligence. Affiliate Disclaimer: This blog, podcast & youtube channel; will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links. The purpose of this show is to educate viewers and share everything I know about improving your accommodation, STR and AirBNB business. I do believe in the products and services that we link to and that you may benefit from them. If you do purchase through my affiliate links; I want to thank you for your support.