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Is it a New World for Travel and Hospitality?

By CIOReview | Wednesday, January 22, 2020

The way in which the planning and travel experience of the vacationers are changing can be considered as a straightforward concept, which is streamlined and powered by advanced technology.

FREMONT, CA: Holiday switch is promoting to change how one travels in today’s sharing economy, with the help of the online websites that offer a platform to do so. Several online payment alternatives are adding authenticity and security. 

Apart from that, social media platforms provide the most common stage to communicate as well as rate the rest, without any anonymity. The statistics concerning the size of the industry show how sharing has disturbed the old style of the business. The revenue raised by people trading, sharing, or renting properties has gone up tremendously. Travel is one of the industries that contribute to the growth in a much more significant portion. Sharing platforms, like Airbnb and Lyft, have altered the way how people travel. 

The concept of sharing economy goes back to earlier days. Nonetheless, modern technologies allow faster and more personal peer-to-peer communications, also with individuals living across the world. The next-gen is now considered as the world’s largest demographic, who are entirely adapting to the tech-media sharing world. A study carried out by Airbnb showed that almost 80 percent of the youngsters want a one-of-a-kind, bold travel experience.

Each day a new sharing-based trade is coming on to the surface. The massive valuation and profit of Airbnb have attracted other organizations to enter the market, with the latest ideas such as pop-up hostels, giving the consumers more options. Some of the examples are HomeAway that has beachfront cabins and other vacation properties, and FlipKey, which is a vacation rental finder, bloomed out of the TripAdvisor community.

Hundreds of sharing-based mobility solutions for tourists and locals are proliferating. Besides, Lyft and Uber, the four-wheeled travel genre, there are others such as Zipcar, Car2Go, BlsBlsCar, and Getaround, who offer long-distance carpooling platforms. Similarly, two-wheeled options also provide great offers. Accessibility of all the possibilities has made traveling convenient, as well as personalized for the consumers.

See Also: Top Travel and Hospitality Technology Companies