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Further changes in accommodation sector predicted
TravelMole Guest Comment by Youtravel.com sales and marketing director Paul Riches
The nation’s money worries have polarised the accommodation-only sector with bookings for both self-catering and all-inclusive properties seeing significant rises, according to youtravel.com.
For us at youtravel.com bookings for self-catering properties have seen three-digit growth during March and April compared to September and October last year, while all-inclusive hotels bookings have risen by 70% in the same timeframe.
As nationwide financial fears continue and the mortgage and housing market both are cause for doom and gloom we’re seeing that people either want to have the most inclusive holiday possible, or go the other way completely and want to strip everything out.
Opting for self-catering of course means that people are able to choose what and when they want to eat so that there is no or little waste when it comes to holiday food and drink.
However with an all-inclusive property people have already committed to a set price and therefore can use this as a budgeting tool for the rest of the holiday spending.
We are seeing a definite polarising of this marketplace, there are fewer people going for half-board or bed and breakfast options than usual.
While no one can categorically say how the current economic uncertainties are going to play out in the long term I think that it’d be fair to expect further changes in the accommodation-only market.
This relatively young market has seen many twists and turns in the past five years.
In the short term I can see the number of accommodation providers diminishing – the question is though by what means? Merger? Takeover? Failure?
Keep on watching, it’s going to be an interesting and eventful year.
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