More than a billion people travel each year, and no two travelers are alike. Whether you’re a budget backpacker or a luxury seeker, your choice of accommodation can make or break your trip. The right hotel can be a sanctuary that gives you peace of mind, an opportunity to recharge and enjoy the comforts of home away from home. Choosing the right hotel for you can also save money and time by eliminating unnecessary expenses.

Those who want to spend less on hotels might consider booking one that offers essential amenities for free or at a low cost. For example, a lot of hotels now offer complimentary WiFi, gym facilities and breakfast. Some even have a pool and on-site restaurants. The key is to understand the type of travel you do and then choose a hotel that best suits your needs.

Another way to save money is by shopping around for lower rates before you book. A lot of hotels will match a competitor’s rate if you can provide proof of the lower price. However, you should check the terms and conditions to see if there are any exceptions.

In addition to lowering prices, hoteliers are working hard to appeal to new traveler preferences. This includes adding more family-friendly options, such as childcare services and discounted kid’s meals. Additionally, a number of hotel chains are catering to women by offering items like hairspray, deodorant and curling irons, as well as feminine hygiene products.

A growing interest in experiential travel also drove a surge in hotel sports offerings. For example, Wyndham Hotel & Resorts allows loyalty members to redeem points for tickets to Minor League Baseball games, while Marriott Bonvoy has partnered with the U.S. Soccer Federation to offer exclusive fan experiences.

Other types of non-hotel lodging also are rising in popularity, such as private rentals, bed and breakfasts, recreational vehicles and camping. According to Morning Consult’s Summer 2024 Travel Demand Outlook, this is due to a shift in consumer sentiment toward “meaningful experiences,” and it’s especially true for Gen Z, millennials and Generation X, as they look for affordable vacations.

While some of these trends may be a bit troubling for the hospitality industry, it is important to remember that most consumers will still travel this summer. However, some will increase their travel budgets to compensate for higher costs while others will forgo traveling entirely.

In order to keep their businesses in good standing, hoteliers must adapt and cater to changing consumer habits and expectations. By doing so, they can ensure that their guests will have a more enjoyable stay and create a lasting impression. This will help them build brand loyalty and boost revenue in the long run. To achieve these goals, they must focus on customer service, innovation and value. It is also important for hoteliers to invest in their staff and keep up with current technology. The hospitality industry is a highly competitive field, and it is crucial to hire talented individuals who can adapt to change.