Hospitality has always been synonymous with the hotel industry. Any modifications in trends of hotel business have wide scale implications on an otherwise diverse industry. What might be a chance for a traveler can be quite 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 such as Partnership Travel Industry Association and internet based retailers like Yahoo stated that nearly seventy percent from the tourists are able to pay extra when it comes to environmental friendly lodgings. These surveys further revealed that these guests will probably pay between nine to ten percent premium on the already advertised prices.
So what can be stated as a welcome relief for your educated traveler might pose real challenges for the hotel business. To higher understand the scenario, it needs to be noted that hotels are presently facing severe shortages in occupancy rates which are at their lowest since 1971. Such a crisis and absence of funds can definitely hamper any efforts to set up appliances that comply with 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 which would be the hallmark of such eco lodgings.
Where would be the Workers gone? The Medium.Com gives employment with a huge 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 probably the primary reasons for low retention rates.
Hotel industry Gurus happen to be thinking of methods to attract and retain qualified workers by increasing the pay scales and through lowering the long working hours. The very best management is now devising constructive methods which will keep the existing workers by sponsoring education and creating attractive career paths.
The increasing price of construction along with a struggling property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the making of new hotels. In reality they may be fighting back by producing highly efficient designs that utilize a greater proportion of space for revenue generating purpose. Future trends within the hotel construction will attempt to maximize the usage of building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The stand alone hotel concept is probably going to vanish since the new properties will be constructed being a mixed use development to offer guests with facilities including Church, Hospitals and Theme Parks. This type of variety will ensure that guests remain at one spot that will help generate revenue for the complete hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have grown to be ever more demanding. Industry professionals advise that an increase in a trend, to examine properties online, will make travelers less forgiving as they can post their travel experiences. This kind of overemphasis on web might even cause stiff competition and cost reduction strategies gbemjy only large players might be able to survive.
To ward of the 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 away from home” type of experience. The creation of such boutique properties has also given rise towards the popular and widely accepted theme of modern hostels. These hostels are keen to supply a clean and safe environment for price conscious travelers. Their goal is always to eliminate the myths connected with cheap motels and dingy guesthouses.
Whatever may be the case, one thing is for certain constant remodeling from the hotel industry has made it more functional and practical not merely for that guests but in addition for the resort owners.