Urban-Rural Market Shift
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The speakers discuss how COVID-19 is reshaping geographic preferences and travel behaviors, with a notable shift away from urban centers towards less dense areas. This transformation is affecting both living preferences and travel habits.
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Urban to Suburban/Rural Migration:
- Cities predicted to become less popular
- Suburbs and rural areas expected to see increased popularity
- Driven by desire for less population density
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Travel Behavior Changes:
- Shift towards domestic travel options
- RV and camping seeing increased popularity
- Allows for travel while avoiding dense areas
- Provides alternative to hotels and Airbnbs
- More control over cleanliness and exposure
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American Travel Perspective:
- Americans tend to prioritize international travel for significant trips
- Speaker argues US offers comprehensive travel experiences
- Only country with every type of geography/climate
- Easier to explore than international destinations
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Alternative Entertainment Venues:
- Virtual tours and museums gaining traction
- Traditional entertainment venues struggling
- Example: Sandbox VR facing challenges
- Located in malls with reduced foot traffic
- Concerns about shared equipment
- Having to rethink business model
- Example: Sandbox VR facing challenges
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Market Timing Impact:
- Some markets delayed by years
- Others accelerated forward
- Example: Remote work solutions seeing explosive growth
- Companies reconsidering office space needs
- Increased demand for home office equipment
- Cost savings driving permanent adoption
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.