Monthly Archives: November 2024
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Posted: November 24, 2024Read more »
The hospitality industry has undergone remarkable changes in recent years, shaped by shifting traveler priorities and the lasting effects of the global pandemic. Trends like privacy, flexibility, and personalization have redefined how people view accommodations and experiences. From the rise of vacation rentals during the height of COVID-19 to hotels evolving to meet new expectations, the industry continues to innovate. In this edition of The Cut by Garnier Thiebaut USA, we explore how private vacation rentals, luxury residences, hotel yachts, and opulent train journeys are transforming the way we travel but also creating fresh opportunities for hospitality brands to serve more sophisticated and discerning guests.
Soufflé of COVID: Private Vacation Rentals vs. Hotels—Then and Now
During the early stages of the pandemic in 2020, private vacation rental services like Airbnb Luxe and Vrbo made up 25% of travel bookings versus only 10% prior to March 2020. During that same time period,
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