According
to a recent Nasdaq article (http://nnw.fm/kBav6), retail store earnings have
not been moving much in the past few months. The research showed a shift in
consumers habits whereby Americans are spending more on experiences such as
travel and entertainment rather than clothing, accessories, and electronics.
Services are now making up a large majority of consumer expenditures.
Healthcare
and travel are at the forefront of spending, with healthcare making up 20% of
total consumption, a number that’s up from just 5% in the 60’s. And information
from First Data Corp. shows a rise in spending on travel of 8.6% since last
year. On the flip side, sport shops, restaurants, cafes, and bars have seen a
considerable drop.
As
a result in this seismic shift in consumer spending, hotels and various other
accommodation types have had to adapt their facilities and offerings to a
broader clientele. The once inconceivable thought of staying in someone else’s
home instead of a hotel has now become a growing trend. Still, there is not
enough supply to fulfill the demand in terms of accommodation, and so hotels and
hosts are pressured to be more tactful in the way they provide for their
consumers.
Over
the last decade, hotels and inns have expanded their facilities with sub-brands
that suit a variety of consumers. These include luxury resorts, hotels, and
other forms of unique accommodations. This shift is not only because of the
lack of supply, but also the growing need for consumers to have an experience
that is not alien to the place they are visiting. People increasingly seek a
traditional experience associated with locale, and the accommodation is seen as
part of that.
Technology-driven
travel company Monaker Group, Inc. (OTCQB: MKGI) has provided consumers from
around the world with the chance to search through and book a variety of
accommodation types in order to meet the growing needs of the 21st century
consumer. The website features a range of alternative lodging options that
include not only hotel rooms, but resorts, villas, unused timeshares,
apartments, and creative niche style accommodations that uniquely reflect
individual locations.
In
addition to the above, the company’s flagship NextTrip.com enables customers to
book everything they need to organize the perfect holiday. MKGI works with a
range of key partners and travel brands, enabling them to reach a large
audience and tailor experiences accordingly. Monaker Group aims to continue
expanding its portfolio in order to become the ‘one stop’ vacation center.
For
more information, visit www.monakergroup.com
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Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
