'Poshtels' and 'braggies': Travel trends of 2015

'Poshtels,' 'braggies,' and peer-to-peer eating are just some of the trends that will shape the global travel market over the next year, a report by the World Travel Market (WTM) in conjunction with Euromonitor published this week has found.

The report, which first launched in 2006, highlighted the continued impact of new disruptive technology on consumer behavior in the global travel industry and how operators are responding to lifestyle shifts.

One interesting trend to have emerged in the U.K. is a new concept of hotel known as the 'poshtel'- a hybrid of the hostel and the hotel, which is being targeted at consumers who are watching the pennies but still demand a stylized, glamorous hotel experience.

Many hostels are upgrading their facilities in response, and emphasizing modern and luxurious design with high-tech facilities. They are offering restaurants, twin en-suite rooms, free Wi-Fi and breakfast, in order to compete with the boutique hotel offering.

This trend is expected to help the U.K. hostels segment grow 3 percent from 2013 to 2018, to reach sales of 216 million pounds ($345 million).

Meanwhile in Europe, peer-to-peer eating offerings which offer travelers the chance to dine in local people's homes are exploding in popularity, the WTM-Euromonitor report found.

The report identified this trend as an extension of the popularity of alternative accommodation services like Airbnb which enables home owners to rent out their properties to holiday goers as consumers seek value for money together with more authentic experiences on their holidays.

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Eatwith.com is one such company that offers this type of service pairing travelers with homes cooks at their holiday destination. The firm launched in Israel and Spain and has added 21 new cities less than a year after it launched in 2013.

"In-destination services including meals are forecast to be one of the fastest-growing areas in the travel industry in the next five years, driven also by on-the-go bookings via mobile devices," read the report.

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'Poshtels' and 'braggies': Travel trends of 2015

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