Over the last few years several sub-sectors within, and near to, hospitality have emerged and investors who had focused exclusively on hospitality are now looking further afield.
This makes total sense, after all, long-term positive trends aren’t just exclusive to travel and tourism. For example, in the United States alone, 10,000 baby boomers a day are turning 65 and this year the oldest among the cohort will hit 75.
A significant number of them are going to need dedicated accommodation. More importantly for hospitality, is the degree of crossover and collaboration in these sectors with trends such as community, co-living and wellness seeping over into the different segments.
All these adjacent spaces have been touched by the Covid-19 pandemic and we’ll have to watch over the coming months how they recover and grow.
Download April’s INtel report on Adjacent Spaces