Travel Buyers Spend Less on Five-Star Hotels and More on Sharing Economy
Photo Credit: The Park Central hotel in New York City. The habits and desires of business travelers have shifted in recent years. Flickr / Allan Leonard
Skift Take
As more affordable sharing economy, serviced apartment, and mid-scale hotel options have become popular with business travelers, high-end hotels have taken a hit.
As the habits and desires of business travelers have shifted in recent years, so too have the priorities of corporate travel buyers who have been forced to adapt to a new normal.
A survey of 243 travel buyers conducted by the Business Travel Show and Association of Serviced Apartment Providers found that buyers are spending more on budget and mid-scale hotels in 2017 compared to previous years, and that most have finally accepted t
