Hospitality has always been synonymous with the hotel industry. Any changes in trends of hotel business have wide scale implications on an otherwise diverse industry. What may be a chance for a traveler can be quite 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 few major issues:
Amid growing concern over environmentally friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations like Partnership Travel Industry Association and internet based retailers like Yahoo revealed 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 anywhere from nine to ten percent premium on the already advertised prices.
So what can be stated as being a welcome relief for the educated traveler might pose real challenges for that hotel business. To improve comprehend 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 easily hamper any efforts to install appliances that conform to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a downside may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; all of which would be the hallmark of those eco lodgings.
Where are the Workers gone? The Alex Mirza gives employment in a huge 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 probably the primary reasons behind low retention rates.
Hotel industry Gurus are already considering methods to attract and retain qualified workers by improving the pay scales and through lowering the long working hours. The best management has become devising constructive methods that will keep the existing workers by sponsoring education and creating attractive career paths.
The rising cost of construction as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the building of new hotels. Actually they may be fighting back by producing highly efficient designs that employ a greater proportion of space for revenue generating purpose. Future trends inside the hotel construction will seek to maximize using building areas by constructing a multi purpose facility which will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish since the new properties is going to be constructed as being a mixed use development to supply guests with facilities like Church, Hospitals and Theme Parks. Such a variety will ensure that guests remain at one spot which 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 more and more demanding. Industry professionals suggest that a growth in a trend, to examine properties online, can make travelers less forgiving as they are able to post their travel experiences. Such an overemphasis on web may even result in stiff competition and value reduction strategies gbemjy only large players could possibly survive.
To ward of the 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 showing up everywhere by advertising a far more personalized “home away from home” kind 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 supply a neat and safe environment for budget conscious travelers. Their goal is always to obliterate the myths related to cheap motels and dingy guesthouses.
Whatever may be the case, one important thing is perfect for sure that constant remodeling from the hotel industry makes it more functional and practical not just for your guests but in addition for the resort owners.