The Budget Hotel Sector's Position in the Sharing Economy

The sharing economy – a product of four mega trends affecting today’s society: rising urbanisation, changing demographics, shifts in power and a digital revolution. This article discusses current and future trends for budget hotels in this economy.
Harry Douglass is a Senior Associate with HVS’s London office, specializing in hotel valuation and consultancy. He holds a MSc in Real Estate Management and qualified as a member of the Royal Institution of Chartered Surveyors (MRICS) in 2006. Harry joined HVS in 2012 following six years within the UK commercial property sector and recently completed a one-year deputation with Meininger Hotels. Harry provides development consultancy advice and routinely carries out ho[s]tel and hotel feasibility studies and loan security valuations. Services extend to hotel investment transaction negotiation and due diligence and wider leisure property services.


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