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 could be a chance for a traveler could 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, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations like Partnership Travel Industry Association and web-based retailers like Yahoo stated that nearly seventy percent from the tourists are able to pay extra with regards to 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 being a welcome relief for the educated traveler might pose real challenges for the hotel business. To higher be aware of 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 adhere to 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 those eco lodgings.
Where are the Workers gone? The Alex Medium gives employment in a large 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 among the primary reasons for low retention rates.
Hotel industry Gurus are already considering ways to attract and retain qualified workers by enhancing the pay scales and through decreasing the long working hours. The top management is now devising constructive methods that will support the existing workers by sponsoring education and creating attractive career paths.
The rising cost of construction and a struggling real estate has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the building of new hotels. In reality they may be fighting back by producing highly efficient designs that employ a greater proportion of space for revenue generating purpose. Future trends in the hotel construction will aim to maximize the use of building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The stand alone hotel concept is likely to vanish because the new properties will likely be constructed as being a mixed use development to offer guests with facilities such as Church, Hospitals and Theme Parks. Such a variety will make sure that guests remain at one spot which will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have grown to be ever more demanding. Industry professionals suggest that an increase in a trend, to analyze properties online, will make travelers less forgiving as they are able to post their travel experiences. This kind of overemphasis on web could even result in stiff competition and value 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 being an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a much more personalized “home out and about” kind of experience. The introduction of such boutique properties has additionally given rise to the popular and widely accepted theme of recent hostels. These hostels are keen to supply a clean and safe environment for price conscious travelers. Their goal would be to eliminate the myths associated with cheap motels and dingy guesthouses.
Whatever could possibly be the case, something is for sure that constant remodeling from the hotel industry makes it more functional and practical not only for that guests but also for your accommodation owners.