The hospitality and travel industry has undergone massive revolutionary changes in the past few years.
Together with an ever-changing digital world that allows people to work online, we are entering a new paradigm fueled by technology and the internet.
The new boundary in this industry is on the coworking and co-living frontier which is set to bring yet another twist to the modern day digital nomad.
Coworking is a rather new concept which has revolutionised many areas across the globe and Chiang Mai, Thailand is just one hotspot renowned for its spectacular location, living standards and ideal working environments.
One of the more notable corners of the globe where the concept of coworking and co-living has caught on like wildfire.
The Co-Living Concept
Coworking and co-living environments have been dubbed by industry experts as the future of hospitality.
Thailand is one country in Asia that receives a high number of visitors annually. These visitors, of course, need a place to sleep, eat and for others a place to work from during their visit.
This is where the co-living concept comes in to play.
More hotels and dedicated establishments are being built with modern working services within the living facility which enables visitors who want to work from their accommodation with like-minded people the ability to do so.
In years past, the most that hotels could offer was a boardroom space but with this new wave of co-living spaces, that is set to change.
Within a co-living space, you will find a mix of people living and working together in one environment. Facilities that you need are on tap and it is a trend that is growing as people mix work with travel.
Let’s take a look at some of the other advantages of coworking and co-living establishments.
Cost
The cost of working in a coworking friendly hotel compared to renting/leasing another space to work from is pretty significant. Add up the cost that it would take to make a modern working facility and the new cost would be out of reach for many people.
Co-living with a dedicated establishment, therefore, is the cheaper alternative. For around $11 a day or sub $300 a month (in a city like Chiang Mai) you can get accommodation and a working space along with access to everything you might need.
World Class Amenities
Co-living spaces have created top-tier working spaces for most guests which compare favourably to their normal working environments. Features such as fast internet speeds, presentation rooms and other facilities that you would expect to find in working environment are normally found in coworking friendly hotels.
Skype rooms are an added bonus for most as well as very knowledgeable staff for guidance and assistance.
Networking opportunities
Co-living spaces are also beneficial in that the guests can make friends or even network with people from related industries or industries they have an interest in.
This is mainly because these coworking areas are relaxed working environments which provide for increased interaction.
They have dedicated social media pages where you can hook up with people trying to accomplish the same thing as you, especially if you have entrepreneurial aspirations.
Co-living spaces offer the opportunity, therefore, to connect with people about to do or who are already doing the very same thing as you. Collaborations can be formed or you can meet people to ‘bounce new ideas’ off.
Time-Saving
When the working area is just a few meters from the living area, it saves you a lot of time. Time, that would have been otherwise spent looking for a working area, going back and forth and other unaccounted time like time spent in traffic.
In a world where time is literally money, co-living spaces will save guests a lot of their valuable time.
A Great Opportunity to Meet Like-Minded People
One major benefit of co-living spaces is that when visitors arrive often time they don’t actually know anyone.
The very concept of a digital nomad is relatively new to the world and for a lot of people, they are starting alone.
If you are here to start a business or learn a new skill then within these places remains the possibility of meeting up with people doing something similar. The staff are constantly seeing people with different ideas and ambitions and may be able to point you in the right direction, or certainly try and connect you with people who are in your niche.
This offers a great way to hook up with people who can help you accomplish or define your goal.
Additionally, they are places where you can meet people who have different skills to your own that compliment what you need or require.
For example, suppose you are starting a small business and need copywriting or graphic design skills. You may be able to find someone easily at a coworking or co-living space.
Now imagine the opposite, being a good copywriter or logo designer and sitting next to someone who might need your services.
The possibility of making connections in co-living spaces are endless.
Dedicated to Digital Nomads
These places are run by people who know what you need.
Any aspiring digital nomad needs quite a few things. A good working environment and cheap accommodation amongst the top requirements.
Essentially for the cost of a hostel, you get a whole ‘bolt-on’ extra of a dedicated coworking space where you can be surrounded by the like-minded.
It’s a great place to start.
Some places have connections within specifics fields that you can have access to, like a lawyer or accountant, should you need one.
Conclusion
Essentially, co-living is a new trend that is starting to become recognised.
They are hip, trendy and cool environments for any aspiring digital nomad and do a fantastic job of catering for both your living and working requirements.
Co-living spaces offer the opportunity for you to start your journey with a community of people who have the same desires and goals as yourself.
There are many places in Chiang Mai to eat, sleep and work, so check out our list of the top co-living and coworking spaces if this is the sort of service you need.
Bob Bellini
Hi Bret,
Followed your channel for a while now.
Any chance of a meet up. I’m in CM for the next couple of weeks
Best regards
Bob