Alternative Accommodations Industry Trends
More and more people are skipping traditional hotels in favor of short term rentals, furnished apartments or homes with the result, the creation of a new lodging category “alternative accommodations”.
The housing landscape is changing
Rapid changes in demographics, technology and lifestyle preferences have created a more mobile workforce with a strong and growing appetite for a differentiated temporary living experience… one that offers flexibility, convenience, simplicity, human engagement and a community connection.
Owners of properties that meet these changing renter demands can benefit by achieving outsized returns while maintaining the fundamental low-risk profile of a traditional multifamily property.
Housing options are evolving
- Awareness of Alternative Accommodations is growing due to the likes of Airbnb
- Growth & acceptance of “alternative” or “flexible” housing is growing
- A growing untethered workforce driven by technology and demographics
- Increased desire for rich local cultural experiences
- Corporations and corporate travelers adapting to alternative accommodations
- Multiple new VC backed alternative accommodation brands and management companies have entered the market
- Institutional capital backing experienced operators to acquire properties
The AltAccom Group has a unique perspective...
- The corporate Housing/Alternative Accommodations market represents a compelling investment product niche within the U.S. residential housing market.
- The AltAccom Group is uniquely positioned to bridge the gap between apartments and hotels with a focused alternative accommodation investment strategy for the benefit of its investment partners.
- The AltAccom Group’s acquisition strategy can generate highly attractive risk adjusted returns and potentially deliver a value enhanced exit strategy.