Adjustment of Marketing Strategies for Traditional Hotels in the Context of the Sharing Economy

This study examines the adjustment of marketing strategies for traditional hotels in the context of the sharing economy. With the rise of shared accommodation platforms like Airbnb, traditional hotels face significant challenges. Through analyzing the impact of the sharing economy on the hotel industry, the research finds that traditional hotels need to make strategic adjustments in multiple aspects. Digital transformation has become key, with hotels needing to utilize big data analytics and artificial intelligence technologies to provide personalized services. Market share redistribution has prompted hotels to reposition themselves and adopt dynamic pricing strategies. In terms of service model innovation, hotels are moving towards the concept of a “home away from home”, integrating local culture, and providing unique experiences. The incorporation of sustainability concepts, including green hotel practices and community engagement, has become an important means of differentiation. The study also emphasizes the importance of employee welfare and development. This research provides theoretical basis and practical guidance for the hotel industry’s transformation in the sharing economy era, pointing out that only through continuous innovation and adaptation to market changes can traditional hotels maintain competitiveness and achieve sustainable development in the sharing economy environment.

Authors

Institutions

Publication Details

Journal
Open Journal of Business and Management
Published
2024-12-19
DOI
https://doi.org/10.4236/ojbm.2025.131008
Primary Topic
Sharing Economy and Platforms
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Adjustment of Marketing Strategies for Traditional Hotels in the Context of the Sharing Economy

Xingrui Luo
Open Journal of Business and Management
Sharing Economy and Platforms
article

Adjustment of Marketing Strategies for Traditional Hotels in the Context of the Sharing Economy

Xingrui Luo
article en

Abstract

This study examines the adjustment of marketing strategies for traditional hotels in the context of the sharing economy. With the rise of shared accommodation platforms like Airbnb, traditional hotels face significant challenges. Through analyzing the impact of the sharing economy on the hotel industry, the research finds that traditional hotels need to make strategic adjustments in multiple aspects. Digital transformation has become key, with hotels needing to utilize big data analytics and artificial intelligence technologies to provide personalized services. Market share redistribution has prompted hotels to reposition themselves and adopt dynamic pricing strategies. In terms of service model innovation, hotels are moving towards the concept of a “home away from home”, integrating local culture, and providing unique experiences. The incorporation of sustainability concepts, including green hotel practices and community engagement, has become an important means of differentiation. The study also emphasizes the importance of employee welfare and development. This research provides theoretical basis and practical guidance for the hotel industry’s transformation in the sharing economy era, pointing out that only through continuous innovation and adaptation to market changes can traditional hotels maintain competitiveness and achieve sustainable development in the sharing economy environment.

Open Journal of Business and ManagementVol. 13(01)
BGI Group (China) (CN)
Decent work and economic growth
Openalex Percentile: Top 66%
Sharing Economy and Platforms
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Adjustment of Marketing Strategies for Traditional Hotels in the Context of the Sharing Economy — Xingrui Luo · Open Journal of Business and Management (2024) | TGRS Research Map | TGRS