The concept of “co-living” has been described in many ways: Dorms for adults. The modern equivalent of the commune/kibbutz/boarding house. A solution for the urban housing crisis. A remedy for lonely Millennials seeking out true connections in this all-too digitally connected universe. A new live/work alternative for remote workers and global nomads.
At its most basic description, co-living is about community and developing connections among those who occupy that particular co-living space. Common elements include shared kitchens, living areas, and social programming. Essentially, it’s group living, and it’s being expressed in a multitude of variations, from purely residential constructs to much more nomadic ones. Ranging from ultra-luxury to basic budget, today’s co-living spaces are, in many ways, blurring the lines between residential and transient, social and private, hotel and home share.
But however you choose to describe co-living, one thing is certain: It’s becoming a bigger trend, or a movement. And it’s likely only a matter of time before it starts to emerge in the hospitality sector. In some cases, the early signs are already here.
In future posts we will look at some emerging co-living startups and businesses and how this trend might impact the future of hospitality.