Traveling in popular tourist destinations has always been an expensive proposition. Now, the worst crisis since the Great Depression has put added pressure on the hospitality industry to keep prices down and promote affordable lodging. Traditional hotels are offering steep discounts to lure travelers with affordable lodging. The hospitality industry came up with new concepts for affordable lodging aimed at attracting travelers on a budget:
* Pod hotels
* Holiday rentals
Those above 4 new categories are flourishing with budget constrained travelers. The four categories are similar in that they are affordable lodging options. Affordable lodging is made possible by either cutting down on size, services, or cramming more people into the same room.
Micro-hotels and Pod hotels are basically tiny hotel rooms that are trendy and quite well equipped. Service and amenities are kept to a minimum to keep costs down. Micro-hotels and pod hotel operators can offer more rooms in the same buildings and can therefore charge less per night. These kinds of hotels are found mostly in large cities where there is a lack of space and where real estate prices are high.
Hostels are going through a modernization in which they can offer better quality lodging and amenities. Up to 8 people can sleep in a 1 bedroom. The prices of the rooms are then divided by 8 (or the number of renters) making it affordable for people to travel. This cheap way to travel has a price: the notion of comfort disappears. Hostels are mostly found in Europe and in the larger cities of the US.
Holiday rentals have become the strongest trend in the hospitality industry with spacious accommodations and full amenities for a fraction of the price of a hotel room. Of course, holiday rentals come in different shapes and sizes. They may be located in large cities, seaside resorts or country sides. Travelers may choose between affordable lodging holiday rentals or luxury holiday rentals that offer a much greater value than hotels. Holiday rentals are found all over the planet and in trendy places such as Miami, New York, Paris, London, Vail, Aspen and more.