You can convert a hotel, hostel, villa or even motel into a living space with relative ease. However, what this shows us is that hotels with a subscription model are something we are likely to see more of in the future. One of the images is a swimming pool, of course. There is ALWAYS a pool.
You can't build a sustainable business with a 5 bedroom villa. This model is good for scaling in a place that has a sufficient influx of digital nomads. However, it's important to note that working together and living together are two different types of businesses and are much less complementary than most people think. Renting apartments was exactly my first approach to living together.
My plan was to rent several apartments in the same building, but I couldn't find the opportunity to rent apartments within a small radius of 500 meters. Student Hotel is one of my favorite concepts, because it intelligently combines several concepts in a healthy combination. I once attended a social gathering in Amsterdam, where someone from The Student Hotel gave a presentation about their hybrid model. While there are individual apartment units available for Coliving, some Coliving operators dedicate entire apartment buildings to community living.
In this type of large Coliving space, the resident may have a variety of unit options due to the size of the facility. Another way to experience the phenomenon of living together is through retreats, camps and convivial trips. Short, sweet and full of activities for a diverse network of entrepreneurs and digital nomads from all walks of life. WeWork, the world's largest coworking network, with spaces on nearly every continent, is now expanding with its new coworking network, WeLive.
As the Coliving market develops, there will be more segmentation in the market as there are more options available to target different Coliving search engines. Some types of properties, such as student dorms, are more likely to be a profitable living space due to their distribution and the relationship between rooms and common areas. Like the movement, every living space has nuances, which are sometimes adapted to a specific interest or profession. There are some hostels in very expensive cities that call themselves living spaces, but they are only hostels where you can stay for the medium term.
By creating an environment that supports growth, living spaces become more than just a place to live; they become catalysts for personal and professional transformation. An increasingly mobile workforce, combined with the increase in the population of freelancers and the development of the coworking movement, have created a demand for living spaces. A coliver or a host can propose a topic and, depending on the interest, choose a way to approach it. Then, with snacks and drinks, guided by the host or a moderator, they can give their opinion and discuss their points of view.
KantoorKaravaan, for example, takes the journey of conviviality to a new level, as it offers coworking spaces in mobile caravans that move from a destination, sometimes depending on events or meetings. In conclusion, most living spaces prioritize the personal and professional growth of their residents. They've focused on startup creation programs for founders traveling from overseas, but I'm not sure if they're still functioning as a living space. This has attracted the attention of several sectors, such as real estate, as the largest companies have started to expand by adding their own living space.
If you've read that, you already know that communities that live together usually organize activities for their cohabitants or for the outside community that help people to socialize, have fun or learn something new. But this medium and low season is actually an opportunity to make the hostel profitable as a space for living together. Emphasizing personal growth and development in living spaces fosters a culture of continuous improvement and encourages residents to challenge themselves, take advantage of new opportunities and improve their overall well-being.