8min chapter

Behind the Stays cover image

The Boutique Boom: Data and Ideas Shaping the Future of Hospitality

Behind the Stays

CHAPTER

Evolving Travel Preferences: The Experience Economy

This chapter examines the shift in consumer spending towards immersive travel experiences over material goods from 2019 to 2022, with a notable 34% increase. It presents opportunities for hospitality businesses to cater to niche interests and enhance guest engagement through unique, story-driven experiences.

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