Hospitality is adapting and changing to cater to this new type of traveler; the nomad. Mixed-use is the new trend term right now in travel. Hostels, restaurants, hotels and even co-working spaces are all experimenting with the mixed-use format offering places to stay, work, sleep, meet, connect and experience – all to ensure maximum appeal to this new demographic.
Hospitality brands and property developers converging in new era of hotel residences
One key catalyst for the rising tide has been an increasing number of mixed use projects that contain hotel and real estate components and recognized hotel brands are being tapped to help engineer pricing premiums for property sales.