Hospitality has long been synonymous with the hotel industry. Any modifications in trends of hotel business have wide scale implications upon an otherwise diverse industry. What could be an opportunity 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 environment of stiff competition. Here is a look at a few major issues:
Amid growing concern over environment friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including Partnership Travel Industry Association and online retailers like Yahoo stated that nearly seventy percent of the tourists are willing to pay extra in terms of environmental friendly lodgings. These surveys further said that these guests pays anywhere from nine to ten percent premium on the already advertised prices.
What can be stated being a welcome relief for the educated traveler might pose real challenges for that hotel business. To higher comprehend the scenario, it needs to be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. Such a crisis and insufficient funds will surely hamper any efforts to install appliances that conform to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that the downside may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of these are the hallmark of these eco lodgings.
Where are the Workers gone? The Alex Medium gives employment in a very large proportion of part time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages within the hotel industry is one of the primary reasons for low retention rates.
Hotel industry Gurus happen to be considering methods to attract and retain qualified workers by increasing the pay scales and through decreasing the long working hours. The very 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 as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the building of new hotels. In reality they are fighting back by producing highly efficient designs that utilize a greater proportion of space for revenue generating purpose. Future trends inside the hotel construction will attempt to maximize using building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The stand-alone hotel concept is likely to vanish as the new properties will likely be constructed as a mixed use development to supply guests with facilities such as Church, Hospitals and Theme Parks. Such a 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 some phenomenon where travelers have grown to be increasingly demanding. Industry professionals advise that an increase in a trend, to review properties online, can make travelers less forgiving as they can post their travel experiences. This type of overemphasis on web could even lead to stiff competition and price reduction strategies gbemjy only large players could possibly survive.
To ward of the threats, the small business owner has become turning towards opening a boutique establishment being an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a much more personalized “home out of the house” type of experience. The creation of such boutique properties has additionally given rise towards the popular and widely accepted theme of recent hostels. These hostels are keen to provide a neat and safe environment for price conscious travelers. Their goal would be to eliminate the myths connected with cheap motels and dingy guesthouses.
Whatever could possibly be the case, something is perfect for certain constant remodeling from the hotel industry has created it more functional and practical not just for the guests but in addition for the resort owners.