Traveling and hotels are two of the main parts of the travel industry. They offer travellers a place to stay for a short amount of time and provide them with a clean, secure space to sleep, room service, and oftentimes a spot to park their car. The industry is highly competitive and is often affected by the same trends that affect other markets, such as globalization, digitalization and sustainability.

The type of accommodation that travellers choose depends on the kind of trip they want to take and what their budget is. Depending on the number of people travelling with them, they may opt for a hotel or Airbnb (entire property rental). Hotels are ideal for family vacations and trips with children, as they have facilities like optimum security, kid-friendly amenities, and spas.

For people who are on a budget and want to get the most bang for their buck, motels are an excellent option. They are generally cheaper than hotels and have the added benefit of providing large parking areas that are perfect for trucks and larger vehicles.

Hostels are also a popular choice for budget travelers, especially those who want to meet fellow travellers and explore a destination on a more social level. The hostel market is competitive, but it offers a unique opportunity to travel on a budget and still enjoy the comforts of a hotel.