The way that people go on vacation is said to change a lot in the coming years. Over the last years peer-to-peer booking websites gained more and more popularity. As sharing is a really hot topic at the moment, what impact does it possibly have on the hotel industry?
These peer-to-peer or even sharing platforms allow the travellers to individually book a private accommodation directly from the one who owns the residence. Mostly this is cheaper that staying in a hotel, in some cases as couch surfing for example it comes even without any costs.
These booking platforms until now rather stayed a place where backpackers that are looking for some adventure have the possibility to find a cheap place to stay and might even be able to meet some new people. For business people it is however lacking the amenities of a usual hotel, however there are more and more high end accommodations in this market. Even though these pages become more and more prominent, the total share that they occupy is still insignificantly low.
Threat for usual hotels?
Douglas Quinby, who analyzes these peer-to-peer networks as he works as a principal analyst for PhoCusWright says that “There may be some incremental leakages, but we don’t see it as being anything really substantial”. However the hospitality world agrees that one should not underrate the speed at which those developments can take place.