The “bleisure” vacation time is characterized by the remote and hybrid work trends that encourage business and leisure travel.
AP | | Posted by Akanksha Agnihotri on January 4, 2024, at 10:12 AM IST Promote Via Copy Link The development of remote and hybrid models has significantly altered the working environment, having an impact on a variety of companies. Some companies, including commercial real estate and city restaurants, have been impacted by remote and hybrid work. And it has an effect on how many employees plan their journeys without being constrained by workplace attendance requirements. Some refer to it as “bleisure travel,” “laptop lugging”, “workations,” or just “blended travel.” The basic idea is the same: Isolated and hybrid workers extend their workdays to contain leisure time or work. Whatever it is called, it might end the conventional distinction between business and leisure go. As remote work redefines work-life balance ( Unsplash/Kristin Wilson ), leisure travel becomes more and more popular. The travel lodging sector is already beginning to notice the trend’s effects. Existing lodging options, especially hotels, may be inadequate because the needs of bleisure travelers differ from those of standard vacationers or function trippers. This has opened up a possibility and seems to be accelerating the demand for short-term holiday accommodations like Airbnb. According to a 2023 statement from AirDNA and STR/CoStar, hospitality industry analytical service, short-term rental demand has outpaced that of accommodations since the first quarter of 2022, when journey started to fully recover from the crisis. This change is a result of shifting tourist preferences and short-term rented hosts’ capacity to quickly adapt to these changes. Wrap up the previous month &, and prepare for 2024 with HT! According to Jamie Lane, chief analyst at AirDNA,” We saw more and more people looking to transform their homes to short-term rent.” Therefore, a offer may be added right away. A list can be made in 10 minutes, but building a motel can take years. According to the report, the source of short-term rent increased year over year by more than 15 % every quarter from the first quarter of 2022 through the second quarter 2023, compared to hotels ‘ below 5 % progress. There are more short-term rent accessible, and more tourists are selecting them. How does go “bleisure” factor in? A NEW KIND OF TRAVEL — AND TRAVELER VACATIONS USED TO BE SUCCESSFUL FOR EMPLOYEDWORKERS. For many business employees with more versatile schedule, that is no longer the norm. The acceptance of leisure travel is rising, far from being a pandemic-only pattern. According to a survey conducted in the fall of 2023 by the consulting firm Deloitte, more than one-third of employees plan to work on holiday-related trips this year (up from 26 % during the holiday season in 2022 ). Interestingly, due to increased routine freedom, rural people who planned to work during their vacations anticipated extending their journeys by nine times. In other words, leisure guests are traveling much longer than they would have if they had to return to the office quickly. This has significant ramifications for the shelter sector. According to Lane, who is referring to short-term rental booking info,” Quarter of nights booked are now over a week.” ” And there’s a higher desire for people to guide short-term rentals when they want to be more.” For bleisure guests, several short-term rentals offer deals for extended stays. Additionally, they offer accommodations that resemble those in a home, making more stays more comfortable. They desire those amenities, such as a home and workstation. Lane explains. Combining work and play has changed what amenities travelers seek and where they are traveling. WE CAN ALWAYS ( NOT ) GODOWNTOWN. While compact urban cores have historically been the focus of business travel and business establishments, leisure travelers seem to be looking elsewhere. According to Lane,” The vast majority of the resort source is in big cities and along the interstate.” ” The hills and beaches have the vast majority of the short-term rental offer.” According to the AirDNA and STR/CoStar report, smaller city and remote locations experienced the largest source rise in the first half of 2023, followed by residential areas. Another shift in lodging interests has resulted from this. Shared areas or studios are still below 2019 desire, and we’re not seeing a restoration there, according to Lane. ” We’re seeing a rise in demand in larger properties.” Guests who combine work and play are looking for larger, longer-rent apartments outside of big cities. All of these shifts favor short-term lodging over conventional lodging. These relationships, according to Lane, are not likely to change anytime soon as economic headwinds hinder the growth of new hotels, leaving space for the number of people who list their qualities on Airbnb to meet demand and complete supply gaps. The bleisure traveling pattern and its potentially disruptive effects on the industry may just be getting started. The personal banking website NerdWallet contributed this content to The Associated Press. Writer Sam Kemmis works for NerdWallet. [email protected] contact address Between September 12 and September 25, 2023, METADOLOGYDeloitte conducted a holiday vacation review. 5,281 Americans participated in the survey as a representative sample, and 2,531 of them identified as vacation guests with plans to travel between Thanksgiving and the middle of January. 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