Hospitality has long 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 an opportunity 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 couple of major issues:
Amid growing concern over environment friendly services, most travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and online retailers like Yahoo stated that nearly seventy percent from the tourists are willing to pay extra in terms of environmental friendly lodgings. These surveys further said that these guests will pay between nine to ten percent premium on the already advertised prices.
Exactly what can be stated being a welcome relief for the educated traveler might pose real challenges for your hotel business. To better 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 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 Alex Medium gives employment with a very 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 probably the primary reasons behind low retention rates.
Hotel industry Gurus are already considering approaches to attract and retain qualified workers by enhancing the pay scales and also by reducing the long working hours. The best 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 property has prompted hoteliers to deploy the pre-fabricated and price effective solution in the building of new hotels. In fact these are 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 aim to maximize the usage 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 because the new properties is going to be constructed as a mixed use development to offer guests with facilities like Church, Hospitals and Theme Parks. This kind of variety will make sure that guests remain at one spot which can help generate revenue for the whole hotel complex.
The evolution of internet has given rise to your phenomenon where travelers have grown to be more and more demanding. Industry professionals advise that an increase in a trend, to examine properties online, will make travelers less forgiving as they are able to post their travel experiences. This kind of overemphasis on web may even cause stiff competition and price reduction strategies gbemjy only large players could possibly survive.
To ward of the threats, the small business operator 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 more personalized “home away from home” kind of experience. The development of such boutique properties has additionally 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 would be to wipe out the myths associated with cheap motels and dingy guesthouses.
Whatever may be the case, one thing is for sure that constant remodeling from the hotel industry has created it more functional and practical not only for your guests but in addition for your accommodation owners.