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Could co-living spaces be the next big hospitality trend for students?

Coliving spaces are the modern-day equivalent of backpacker hostels, glamping sites, and luxury resorts.

But what is so interesting about coliving?

It's not just about renting a room. With this trend, students are offered a unique experience that helps them get closer to the people around them, as well as have tons of fun. You could even say that this is one of the best trends for millennials because it allows them to live how they want to live without having to compromise on quality. You might be surprised at how much money these types of companies make from hosting coliving spaces in Pune on their properties.

As the traditional hotel and hospitality industry continues to adapt to market demand for accessible, sustainable accommodations and lifestyles, the co-living model is starting to look like an appealing option for many more people than just those with a passion for urban living. In fact, in many ways, it sounds like the logical step forward — certain elements of co-living in Pune are already being put into practice in some form or other by professionals in the hospitality world as they experiment with how they can give guests a better experience while making their businesses run more efficiently.

Benefits of Co-living hostels:

  • Cost-efficiency is one of the top benefits of co-living. Rather than renting a place individually, you will now be sharing an apartment with numerous other students, who are also paying the same monthly rate. This makes it possible for some co-living spaces to offer you amenities and services at a much cheaper price than many other options.

  • A lot of students who find themselves moving from city to city are going to end up spending thousands on rent during their education years. If you're at that point, then don't worry as there is a solution: co-living spaces. These places let students in groups share the same space and pay a flat monthly rental fee which is fixed for an entire year instead of paying for each semester or half a year.

  • Living by yourself can be a stressful, anxious experience. Some people find it to be the worst part of adult life – a really tough time to live through. The feeling of loneliness and isolation is something that no one should have to go through, but we do for various reasons. There are more and more people who are living alone in the world. Whether you want to be on your own or not, it’s good to have some roommates from time to time – especially during tough times. A roommate can give us a lot more than just someone to share living space with, but also enjoy each other's company and stay connected.

  • As the costs of living go up, more people are looking for solutions to their housing problems. Some are turning to houses and apartments while others choose shared accommodation. Nowadays, a lot of students are opting for co-living hotels as they are providing a solution to those who want to live in more affordable housing options.

The Bottom Line:

The hospitality industry is a big one, and coliving in the hospitality industry is a small niche within that. As the years go by, we can expect to see more players entering the coliving space, and perhaps even an increase in touchpoints. There’s plenty of room for growth here. In any case, it’s an exciting trend to follow. And with the recent emergence of coliving spaces into the tourism sector, this niche can look forward to even more innovation and quality as time goes on.

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Priyansh Sahu
Priyansh Sahu
18. Dez. 2023


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