MANY PEOPLE TODAY ARE CHOOSING TO STAY IN
RENTED APARTMENTS RATHER THAN HOTELS WHEN THEY TRAVEL. WHAT LED TO THIS
CHANGE? WHAT ARE THE PROBLEMS COULD IT CAUSE THE TRAVEL INDUSTRY?
Travelling to overseas or within country have its own beauty for people to make them calm and feel fresh from their monotonous work schedule. In present era, the dynamic change in stay option for the people they love to stay in rented apartments preferably then motel. Apparently, modernization and westernization are to be blamed for this universal phenomenon. However, it begets harrowing upshot on the society.
Fundamentally, the predominant factors that evidently trigger it can be observed. To begin with, to make stay arrangements in rented apartments have its own big advantage and substantial contribution for the people. The rented apartment option is money saving for the people in accordance to whopping rent of hotel. The rent of hotel is always on higher side and people benefited considerably by opting to stay in apartment. According to BBC it is revealed that 20% increase in hotel rents in last two consecutive years. Secondly, is apartment is good option to book? Certainly yes. The key factors influencing to people to go for apartment is number of people travel together. If more people travel together apartment is best for them due to more spacious constraint then hotel room and they all can easily tune in rental unit. At time of apartment booking myriad of options are present to book three room set or four room apartment according to the members travelling together. Thirdly, the home made food is host of ostensible factor for the people to opt for rent apartment. The people are more diet and health conscious nowadays they want to cook the food themselves willingly than outside food at time of travelling henceforth, rented apartment have kitchen for the people to use according to their own need.
Nevertheless, it entails myriad detrimental effects. Chiefly, the change in trend nowadays of renting apartment have its own inherited downsides for travel business portfolio. The existence of travel industry is daunting task in the economy if people not like to go with hotel booking options. They not have funds to meet their fixed expenses and subsequently, give births to myriad of potential problems. Additionally, the rented apartment leads to unemployment rise to peak level for travel industry. The employee become jobless as they have no work to do in office or hotels. The unemployment negatively affected the economy of the country as the people not earn their livelihood to run their families consequently dismal consequences of unemployment in the society. According to Forbes there is 15% increase in job cut out in travel industry in accordance to last year. Besides, the paradigm shift in trend of stay arrangements in travel industry from hotel booking to rented apartment also affected the government policies. The government earn staggering taxes from the hotel rooms booking and myriad of other food taxes all are badly effected with this changing trend with catastrophic effects on the revenue generation to do further upliftement in the economy.
To recapitulate, the government should make some policies towards the people who give rented apartments to the travelers as government also have earned weighty taxes from presence of travel industry. The hotels also have to give some discounted price with other lucrative benefits to the travel freak people to make their customer base strong as more and more people approach for hotel booking.
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