Shared spaces in hot demand among travellers: report

A new report has revealed that almost one in 10 travellers from the US, UK, and significantly more in Europe, Australia and key developing markets rented a shared space in a private home in 2014.

Furthermore, travellers aged under 35 accounted for 15 percent of the shared space rental market, while those aged 35+ represent 53 percent. 22 percent of shared space renters are aged 55+.

‘The Global State of Shared Space’ report, published by Homestay.com, is based on a global consumer survey of more than 8,000 travellers across eight major travel markets as well as a series of interviews with industry experts and companies involved in shared space accommodation.

The report found that many travellers choose shared space rentals because they want a culturally immersive travel experience that may include meeting the locals, language practice or authentic, personal encounter with the hosts’ culture.

Alan Clarke, Homestay.com CEO, said: “Homestay.com’s success has been fuelled by the growing consumer demand across all ages for a type of travel experience that promotes interaction and authenticity. By exclusively offering hosted accommodation, we are ensuring the guest receives the culturally immersive experience they are seeking. Now the shared space sector has gained a foothold in the global travel market, it’s time to kick on. To achieve this we must work harder on facilitating both the trust and level of engagement that are community (the host and guest) expect.”

sourced:traveldailymedia.com