Project Report For Homestay Facility

Introduction

Project report for Homestay facility is as follows.

Their service expectations are low; they do not anticipate room service or year-round service. On the other hand, some families have extra space in their homes and are interested in receiving visitors and making extra money by offering a portion of the house and providing hospitality to the guests. The meeting of these reciprocal requirements of the guest and host is the foundation of home-stay the meaning is self-explanatory.

Homestay is a popular kind of hospitality and accommodation in which tourists share a home with a native of the place they are visiting. The length of stay can range from one night to more than a year and can be provided for free (gift economy), in exchange for monetary compensation, in exchange for a stay at the guest’s property either concurrently or at a later time (home exchange), or exchange for housekeeping or work on the host’s property (barter economy). Homestays are a type of collaborative consumption and a type of sharing economy.

The terms of the homestay are usually worked out in advance by the host and guest and can include things like the type of lodging, length of stay, housekeeping or work required to be done, curfews, use of utilities and household facilities, food to be provided, and rules about smoking, drinking, and drugs. Homestays provide numerous benefits, including exposure to ordinary living in another area and the opportunity to live like a local to experience culture and customs.

Cultural tourism, cooperation, global competency, and second language practice are all possible. A host family is a family that houses a non-family member. Hosts can also participate in au pair programmes, in which a long-term visitor lives with a family in exchange for child care help and minor domestic tasks. Au pairs are considered members of the family and are included in their daily routines.

Market potential & Strategy

Their service expectations are low; they do not anticipate room service or year-round service. On the other hand, some families have extra space in their homes and are interested in receiving visitors and making extra money by offering a portion of the house and providing hospitality to the guests. The meeting of these reciprocal requirements of the guest and host is the foundation of home-stay the meaning is self-explanatory.

The global homestay business is estimated to be worth $15 billion (Homestay.com, 2014 report). While the market began with an emphasis on students, the consumer profile has broadened with time; students currently account for 29 per cent of all homestay visitors worldwide. Because they maintain a certain level and provide a variety of homestay amenities in a certain region, internet aggregators have significantly contributed to industry growth. The development of homestay facilities has also had a beneficial influence on demand.

The chance to engage with visitors from other cultures, as well as the versatility in company operations, have motivated families to enter the home industry. In 2014, India has about 1700 homestay establishments. In India, homestay accounted for 5% of the paid accommodation sector. Online aggregators (e.g., Indian homestays, Saffron stays, CheersBye) are gaining client attention and trust, and the sector anticipates a rapid increase in demand.

Other possible sub-segments, such as senior domestic tourists, long-stay tourists, and tourist families, are fit for the idea. These sectors are not yet completely utilised, owing to a lack of knowledge and the concerned website’s low-key brand equity. Travel agents, for the most part, do not sell homestay services.

Sample Report

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