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The explosive growth of peer-to-peer sites for renting or sharing homes, cars, and even meals has shaken up the hospitality industry, as hoteliers look over their shoulder at services such as Airbnb, HomeAway, HomeExchange, and Couchsurfing. While peer-to-peer services will continue to play a role in dampening prices at the lower end of the hotel market, they are unlikely to gain substantial share of the total accommodation market. The sharing economy will help to meet growing demand for authentic and local seasonal vacation experiences, potentially benefiting the vacation market as a whole.
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Table of Content
Scope and Themes
What you need to know
Consumer survey data
Direct marketing creative
Abbreviations and terms
Figure 1: Total US consumer expenditure and fan chart forecast of vacations and tourism at current prices, 2008-18
Figure 2: Consumer confidence, traveler sentiment, unemployment, annual averages, 2000-13, January-April 2014
Growth in senior population to drive increased vacationing
Technological innovations transforming travel
Who is the seasonal vacation traveler?
Figure 3: Any vacations taken within the past 12 months, by seasons, by race/Hispanic origin, March 2014
Summer is primary vacation season
Figure 4: Vacations taken within the past 12 months, seasonal vacation plans for the next 12 months by seasons, March 2014
Travelers go farther in winter, stay longer in summer
Figure 5: Duration of seasonal vacations, by seasons, March 2014
Summer most popular time for travel with family
Figure 6: Vacation companions, by seasons, March 2014
Summer vacations mostly kid-friendly
Figure 7: Vacation types, by seasons, March 2014
Moms are primary vacation planners
What we think
Browse Reports in Travel Services @ http://www.researchmoz.us/travel-services-market-reports-154.html
Issues and Insights
Will the growth of the sharing economy transform the vacation market?
Is the middle-class squeeze hurting travel providers?
Do vacationers really want time to unplug?
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Synopsis The report provides detailed market analysis, information and insights, including: Historic and forecast tourist volumes covering the entire Ethiopian travel and tourism sector Detailed analysis of tourist spending patterns in Ethiopia for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment,...
Synopsis The report examines the prevailing economic conditions, and executives' opinions about the global and regional economies. The report provides industry executives’ expectations on the growth prospects of their company and the industry during April–June 2014. The report analyzes travel and tourism industry executives’ opinions on global...
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