Over the past decade, the alternative accommodation sector has experienced huge growth. This has been driven by the meteoric rise and proliferation of online travel agencies, spearheaded by Airbnb, that have very effectively tapped into a huge well of pent-up consumer demand – both from business travelers looking for a cheaper, more convenient alternative to a hotel and from tourists and holidaymakers seeking a “home away from home.”
In parallel, to service this demand, we’ve seen the explosion of local management companies offering a hassle-free service to property owners and a better, more standardized hospitality experience to paying guests.
