Thematic Intelligence: Sharing Economy in Travel and Tourism (2024)
Description
Thematic Intelligence: Sharing Economy in Travel and Tourism (2024)
Summary
This thematic research report takes an in-depth look at the theme of the sharing economy and the impact it has on the travel and tourism industry. This report analyzes the players impacted by this theme alongside the contributing trends, negative destination trends, unintended opportunities, and trends that have emerged as a result of the sharing economy. It then dives deep into an industry analysis, presenting several real-life case studies looking at how destinations and companies have responded to the impact of this theme on their operations. Recommendations are then offered for the travel sector, alongside a description of companies mentioned throughout. This report focus is on the sharing economy.
This thematic report provides an overview of the impact the sharing economy has on the travel sector and seeks to understand some of the contributory factors. The key trends within this theme are split into three categories: technology trends, macroeconomic trends, and regulatory trends. Several case studies are included to analyze the multiple ways countries and companies have responded to the impact of this theme’s growth and what they are doing to grow with this theme.
Key Highlights
- The sharing economy has become an integral part of the travel industry’s evolving supply chain. The online travel boom and revolutionary technological developments in smartphones have been key contributors to its growth.
- The sharing economy involves the exchange of "idle" assets (e.g., cars, rooms, offices) and resources (e.g., labor) in both a local and a global context. This has most acutely been seen in the tourism space with home-sharing sites like Airbnb and HomeAway, which have revolutionized existing market models. The industry must be conscious of these disruptors and learn from them while holding true to their brand values to avoid alienating loyal customers.
- Over the past few years, the sharing economy has grown rapidly, driven by increased urbanization, technological advancements, greater familiarity with peer-to-peer (P2P) sharing, fewer entry barriers, consumer price sensitivity, and some platforms' environmental benefits. Moreover, high mobile penetration and the increasingly important position of Millennials and Generation Z in the global economy—alongside increased demand for shared assets—have paved the way for new business opportunities and additional revenue streams for individuals and businesses.
Scope
- This thematic report provides an overview of the impact the sharing economy has on the travel sector and seeks to understand some of the contributory factors. The key trends within this theme are split into three categories: consumer trends, enterprise trends, and industry trends. Several case studies are included to analyze the multiple ways countries and companies have responded to the impact of this theme’s growth and what they are doing to grow with this theme.
Reasons to Buy
- Understand the current sharing economy trends within the travel landscape today and how these will escalate in the near future. Assess how travel and tourism companies such as tour operators, OTAs and DMOs are utilizing the sharing economy to drive revenues.
- Acknowledge the potential pitfalls of using the sharing economy by understanding the social, cultural, and environmental effects on the destination.
- Discover recommendations for businesses involved in the sharing economy. GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
- All across the travel and tourism supply chain, now have an opportunity to capitalize on the sharing economy, and there are notable examples of this. Therefore, all should buy this report to fully understand how this theme will continue to be a key theme in the future travel landscape.
Table of Contents
88 Pages
- Executive Summary
- Players
- Thematic Briefing
- What is the sharing economy?
- How does the sharing economy work?
- The benefits and drawbacks of the sharing economy
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- The geography of the sharing economy
- Market size and growth forecasts in the travel & tourism industry
- Impacts
- Increased competition
- Cultural exchange
- The democratization of travel
- The reduced need for new infrastructure
- Community engagement
- Challenges
- A lack of regulation
- The impact on traditional businesses
- Community disruption
- A lack of professional standards
- Exploitation risks
- Recommendations
- Develop clear regulations
- Enhance screening and verification
- Promote local benefits
- Support sustainable practices
- Minimize overtourism
- Case studies
- Getaround
- Hipcamp
- BlaBlaCar
- TrustedHousesitters
- ToursByLocals
- Timeline
- Signals
- M&A trends
- Venture financing trends
- Company filing trends
- Hiring trends
- Social media trends
- Artificial intelligence
- Camping
- Walkability
- Value Chain
- Shared assets and services
- Infrastructure
- Cloud infrastructure
- Data management
- Sharing economy platforms
- Shared mobility
- Shared property
- Shared consumer goods
- Shared equipment
- Shared financial services
- Shared education services
- Shared professional services
- Companies
- Public companies
- Private companies
- Travel & tourism companies
- Sector Scorecards
- Lodging sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Rail and road transport sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Technology trends
- Table 2: Macroeconomic trends
- Table 3: Regulatory trends
- Table 4: M&A trends
- Table 5: Venture financing trends
- Table 6: Public companies
- Table 7: Private companies
- Table 8: Travel & tourism companies
- Table 9: Glossary
- Table 10: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the sharing economy theme?
- Figure 2: The sharing economy model
- Figure 3: Which of the following did you use the last time you booked a holiday?
- Figure 4: The sharing economy story
- Figure 5: Neither the volume nor value of venture financing deals has returned to pre-pandemic levels
- Figure 6: Lyft had the most mentions of the sharing economy in corporate filings
- Figure 7: The number of sharing economy mentions per year peaked at over 1,000 mentions in 2019
- Figure 8: Active and posted sharing economy jobs peaked in February 2022
- Figure 9: The number of sharing economy job postings in travel and tourism grew steadily until a decline in 2023
- Figure 10: This trendline chart shows the daily number of contributors and the number of discussions surrounding the theme of the sharing economy
- Figure 11: The sharing economy value chain
- Figure 12: Shared assets and services
- Figure 13: The sharing economy value chain – platforms layer - Shared mobility: leaders and challengers
- Figure 14: The sharing economy value chain – platforms layer - Shared property: leaders and challengers
- Figure 15: The sharing economy value chain – platforms layer - Shared consumer goods: leaders and challengers
- Figure 16: The sharing economy value chain – platforms layer - Shared equipment: leaders and challengers
- Figure 17: The sharing economy value chain – platforms layer - Shared financial services: leaders and challengers
- Figure 18: The sharing economy value chain – platforms layer - Shared education services: leaders and challengers
- Figure 19: The sharing economy value chain – platforms layer - Shared professional services: leaders and challengers
- Figure 20: Who does what in the lodging space?
- Figure 21: Thematic screen - Lodging sector scorecard
- Figure 22: Valuation screen - Lodging sector scorecard
- Figure 23: Risk screen - Lodging sector scorecard
- Figure 24: Who does what in the rail and road transport space?
- Figure 25: Thematic screen - Rail and road transport sector scorecard
- Figure 26: Valuation screen - Rail and road transport sector scorecard
- Figure 27: Risk screen - Rail and road transport sector scorecard
- Figure 28: Our five-step approach for generating a sector scorecard
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
