The Shift Of Hotel Alternatives For Business Travellers

The business travel sector is always changing and innovating. Business expenses management application Concur’s debut is a great milestone. Earlier companies used to spend hours managing numerous spreadsheets and spending receipts – and then there came a simple solution that helped get the work done much faster. As an industry, we are constantly striving for better simplicity and efficiency.

However, circumstances outside our control might influence us and steer the sector on a new path. Covid has had a significant impact on the business travel market. Among its numerous and varied repercussions is the way it has altered our perceptions of business trip accommodations.

The shift to an ‘alternative accommodation mindset’:

Post-pandemic, travellers – with or without families – demand greater room to live, work, and play, which has resulted in a significant increase in the usage and popularity of alternative lodging for leisure reasons. It also strikes the sweet spot of the ‘bleisure’ movement, which is making a comeback right now.

Millions of travellers have now experienced a sort of travel they had not previously known existed, and they are only going to demand more of it. This behaviour is influencing business travel decision-makers mindsets and driving them away from standard hotel products.

Serviced flats, Fully Furnished flats, and Corporate Apartments have benefited from the pandemic, Fully-furnished accommodations are no longer viewed just as a vacation or relocation alternative, but as a feasible choice for work travels as well. This was evolving prior to the pandemic, but it has accelerated in the last 18 months and is expected to continue in 2022.

The ability to reliably obtain high-quality alternative housing opens tremendous opportunities for the segment’s growth as we enter a new age of business travel.