We strive to make World Development a better place to work and to spend tremendous time and resources that help to bring our community to life through our mission and values.
Our Mission: “We build the room for extraordinary things” – reflects why World Development exists and how our people get energy.
Our Values are our core convictions of how we do business in addition to our purposes. They guide the way we decide and interact as a team.
The following are our values:
Valid reviews, commitments, and updates are always clear and straightforward.
We still find a different way when one road is closed to us. We push ourselves to think differently and find new ways of achieving.
We work together and put the interests of our business ahead of our own. We go out of our way to support each other and share knowledge across the business.
We keep things straightforward and look to improve our way of working. We face the challenge of being the best we can be.
We look forward continually to our future success. In turn, we do this by deliberately taking an interest in our customers.
Impact from home rental sites and alternative accommodations remains relatively small in the grand scheme of the global hotel sector. The alternative accommodations market is estimated at approximately 10% of hotel room bookings in gateways such as New York, London, and Paris.
Alternative accommodations have notable runway for growth in secondary and tertiary markets, but research suggests that the number of home sharing room nights accommodated is plateauing in urban gateway cities; due in part to new regulations and the number of willing hosts reaching a structural ceiling.
Alternative accommodations primarily tend to take share from lower-tier hotels, but a significant portion of the demand, often as much as 30% to 50%, is induced, meaning that those visitors may not have made the trip had it not been for what is often a lower-priced option.
The lines between traditional hotels, serviced apartments, and home sharing will continue to blur. Hotel companies are yearning to become fully integrated accommodations providers. Also blurring are the lines between business and leisure travel, which has its own implications for the sector. The trend is for more localised experiences, and in many cases for smaller and unique rooms.