Orascom Development Holding, a leading international developer of sustainable towns in Europe, the Middle East, and North Africa, has revealed some interesting predictions about real estate and hospitality trends in 2024, Invest-Gate reports.

Based on their expertise in identifying trends and incorporating them into their approach to placemaking, Orascom Development has identified four driving forces shaping the hospitality, real estate, and development sectors for 2024:

1. Rise of FIT Travelers:
   There is an increase in “free independent travelers” (FIT travelers) who seek unique and experiential itineraries. Orascom Development is well-positioned to cater to this trend by curating destinations that align with the preferences of discerning travelers, offering personalized and experiential adventures.
2. Digital Nomads Uniting:
   Buyers are seeking more home office space and room layouts that accommodate multiple screens and connectivity. Digital nomads, who may only need to be in the office once a week or less, are opting for charming locations in breathtaking environments rather than dense downtown areas. Orascom Development’s destinations focus on providing work-life balance, state-of-the-art workspaces, and products that include home offices, along with business districts that cater to evolving customer preferences.
3. Nature-Centric Living:
   Homebuyers are increasingly attracted to properties that seamlessly integrate with natural surroundings. Orascom Development acknowledges this shift and is committed to creating residential spaces that harmonize with the environment, offering residents tranquility and the beauty of nature within their living spaces.
4. Community Connection:
   There is a growing demand for authentic communities with ample facilities and amenities that foster genuine human connections. Orascom Development’s towns are designed with natural meeting points and intersections, such as commercial areas, parks, clubhouses, and sports centers, where people can gather, connect, build friendships, and develop networks.