Share the post "Les Roches and Skift release “The Future of Hospitality Entrepreneurship”"
New joint research report examines five key trends that are disrupting the hospitality industry and creating opportunities for entrepreneurs. The report features insights and observations from Les Roches faculty members and alumni entrepreneurs.
The hospitality industry is in the midst of one of the most dramatic periods of change in its history. Everything from the consumer shift to mobile, to new industry forces like Airbnb and changing travel habits are each creating new challenges and business opportunities for hospitality entrepreneurs. Where should entrepreneurs looking to start new businesses focus their time and money? At the same time, how can established hospitality businesses seize on these changes to adapt and grow their own organizations?
Skift’s “Future of Hospitality Entrepreneurship” trend report takes a closer look at how the five key trends outlined in the following pages are shaping the industry today. Two of the trends focus on entrepreneurs looking to start new companies, examining the growth of the ecosystem developing around accommodation-sharing and category leader Airbnb. Another trend examines the importance of mobile devices and digital services to the hotel guest experience, a topic which has applicability to both new and established businesses alike. Two other trends take a closer look at how the concept of “living like a local” and food and beverage are helping various companies evolve the hospitality standards of the future.
Taken collectively, the trends outlined on the following pages offer a potential road map for hospitality entrepreneurs as they seek to invest in new business opportunities and evolve established hospitality operations to address the new realities of today’s travel landscape.