Airbnb successfully stays one step ahead of trends and understands the needs and wishes of the millennial consumer, losing hotels an estimated $450 million in direct revenues per year to Airbnb.

Three predictions for 2017 trends in the hospitality sector that should be important to hotels:

  1. Experiences – important to 78% of respondents in a recent survey. “Location, location, location” is giving way to “neighbourhood, neighbourhood, neighbourhood”.
  2. The adoption and advance of simple yet efficient technology.
  3. The convergence of hotels and Airbnb.

Read more: