Hospitality has always been synonymous with the hotel industry. Any modifications in trends of hotel business have wide scale implications upon an otherwise diverse industry. What may be an opportunity for a traveler can be a case 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 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 like Partnership Travel Industry Association and online retailers like Yahoo stated that nearly seventy percent in the tourists are willing to pay extra in terms of environmental friendly lodgings. These surveys further revealed that these guests will probably pay from nine to ten percent premium on the already advertised prices.
So what can be stated being a welcome relief for the educated traveler might pose real challenges for that hotel business. To improve comprehend the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. This kind of crisis and absence of funds will surely hamper any efforts to put in appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a trade off may lead hotels into removing free amenities which include little bottles of shampoos, jams and free basket of fruits; which are definitely the hallmark of those eco lodgings.
Where are the Workers gone? The Alex Mirza gives employment at a huge proportion of in your free 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 behind low retention rates.
Hotel industry Gurus happen to be thinking about methods to attract and retain qualified workers by increasing the pay scales and by lowering the long working hours. The best management is now devising constructive methods that will 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 fact these are fighting back by producing highly efficient designs that use a greater proportion of space for revenue generating purpose. Future trends in the hotel construction will seek to maximize the use of building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish as the new properties is going to be constructed as being a mixed use development to offer guests with facilities such as Church, Hospitals and Theme Parks. Such a 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 some phenomenon where travelers have grown to be increasingly demanding. Industry professionals suggest that an increase in a trend, to analyze properties online, can make travelers less forgiving as they could post their travel experiences. Such an overemphasis on web could even lead to stiff competition and price reduction strategies gbemjy only large players could possibly survive.
To ward of these threats, the small business owner is currently turning towards opening a boutique establishment as being an alternate to 70,s style motels. Such niche properties are popping up everywhere by advertising a far more personalized “home out and about” kind of experience. The creation of such boutique properties also has given rise towards the popular and widely accepted theme of recent hostels. These hostels are keen to supply a neat 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, something is for sure that constant remodeling in the hotel industry has created it more functional and practical not merely for that guests also for the hotel owners.