Hospitality has long been synonymous with the hotel industry. Any alterations in trends of hotel business have wide scale implications with an otherwise diverse industry. What may be a chance for a traveler could be a matter of survival for hotels? It will not be an oversimplification to suggest that the emerging concepts in hotel industry reveal an atmosphere of stiff competition. Here is a look at a couple of major issues:
Amid growing concern over environment-friendly services, most of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and internet based retailers like Yahoo revealed that nearly seventy percent from the tourists are prepared to pay extra when it comes to environmental friendly lodgings. These surveys further revealed that these guests pays between nine to ten percent premium on the already advertised prices.
Exactly what can be stated as being a welcome relief for the educated traveler might pose real challenges for your hotel business. To improve understand the scenario, it ought to be noted that hotels are presently facing severe shortages in occupancy rates which are at their lowest since 1971. Such a crisis and insufficient funds can definitely hamper any efforts to set up appliances that comply with the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a downside may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; all of which are definitely the hallmark of such eco lodgings.
Where would be the Workers gone? The Alex Medium gives employment in a large proportion of part-time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages in the hotel industry is among the primary reasons for low retention rates.
Hotel industry Gurus happen to be thinking about ways to attract and retain qualified workers by increasing the pay scales and through lowering the long working hours. The best management is now devising constructive methods that can keep the existing workers by sponsoring education and creating attractive career paths.
The increasing price of construction along with a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the building of new hotels. In fact they are fighting back by producing highly efficient designs that use a greater proportion of space for revenue generating purpose. Future trends inside the hotel construction will aim to maximize the usage of building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish as the new properties will be constructed as being a mixed use development to offer guests with facilities including Church, Hospitals and Theme Parks. This kind of variety will ensure that guests remain at one spot which will help generate revenue for the complete hotel complex.
The evolution of internet has given rise to a phenomenon where travelers are becoming increasingly demanding. Industry professionals suggest that a rise in a trend, to analyze properties online, can make travelers less forgiving as they could post their travel experiences. This type of overemphasis on web may even result in stiff competition and cost reduction strategies gbemjy only large players could possibly survive.
To ward of these threats, the small business operator is now turning towards opening a boutique establishment being an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a far more personalized “home away from home” type of experience. The development of such boutique properties has also given rise for the popular and widely accepted theme of modern hostels. These hostels are keen to supply a neat and safe environment for price conscious travelers. Their goal is always to obliterate the myths connected with cheap motels and dingy guesthouses.
Whatever could possibly be the case, one important thing is for sure that constant remodeling of the hotel industry makes it more functional and practical not merely for the guests but in addition for the resort owners.