Hospitality has long been synonymous with the hotel industry. Any changes in trends of hotel business have wide scale implications upon an otherwise diverse industry. What could be a chance for a traveler can 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 several major issues:
Amid growing concern over environment-friendly services, most of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including Partnership Travel Industry Association and web-based retailers like Yahoo stated that nearly seventy percent in the tourists are able to pay extra in terms of environmental friendly lodgings. These surveys further stated that these guests pays anywhere from nine to ten percent premium on the already advertised prices.
So what can be stated as a welcome relief for the educated traveler might pose real challenges for your hotel business. To higher comprehend the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates which are at their lowest since 1971. This type of crisis and insufficient funds can definitely hamper any efforts to set up appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a trade off may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of which are definitely the hallmark of these eco lodgings.
Where are definitely the Workers gone? The Medium.Com gives employment at a large proportion of part-time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages inside the hotel industry is one of the primary reasons for low retention rates.
Hotel industry Gurus happen to be considering ways to attract and retain qualified workers by improving the pay scales and by reducing the long working hours. The top management is currently devising constructive methods that can retain the existing workers by sponsoring education and creating attractive career paths.
The ever rising expense of construction and a struggling real estate has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the construction of new hotels. In reality these 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 seek to maximize the use of building areas by constructing a multi purpose facility which will include C.asinos, shopping outlets and Theatres. The stand alone hotel concept is likely to vanish since the new properties is going to be constructed as being a mixed use development to offer guests with facilities including Church, Hospitals and Theme Parks. Such a variety will ensure that guests remain at one spot that will help generate revenue for the whole hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have grown to be increasingly demanding. Industry professionals suggest that a rise in a trend, to review properties online, can make travelers less forgiving as they can post their travel experiences. Such an overemphasis on web could even cause stiff competition and cost reduction strategies gbemjy only large players could possibly survive.
To ward of these threats, the small business owner has become turning towards opening a boutique establishment as an alternate to 70,s style motels. Such niche properties are showing up everywhere by advertising a more personalized “home out and about” sort of experience. The development of such boutique properties also has given rise towards the popular and widely accepted theme of modern hostels. These hostels are keen to provide a clean and safe environment for budget conscious travelers. Their goal would be to obliterate the myths connected with cheap motels and dingy guesthouses.
Whatever could be the case, one important thing is perfect for certain constant remodeling from the hotel industry has created it more functional and practical not only for that guests but also for your accommodation owners.