Hospitality has always been synonymous with the hotel industry. Any alterations in trends of hotel business have wide scale implications upon an otherwise diverse industry. What might be an opportunity for a traveler could be a case of survival for hotels? It will not be an oversimplification to suggest that the emerging concepts in hotel industry reveal an atmosphere of stiff competition. Here is a look at several 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 revealed that nearly seventy percent in the tourists are willing to pay extra when it comes to environmental friendly lodgings. These surveys further stated that these guests pays between nine to ten percent premium on the already advertised prices.
What can be stated as being a welcome relief for that educated traveler might pose real challenges for the hotel business. To higher comprehend the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. Such a crisis and lack of funds can definitely hamper any efforts to install appliances that conform 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; all of these are the hallmark of those eco lodgings.
Where would be the Workers gone? The Alex Medium gives employment in 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 among the primary reasons behind low retention rates.
Hotel industry Gurus already are considering methods to attract and retain qualified workers by enhancing the pay scales and by lowering the long working hours. The very best management has become devising constructive methods which will retain the existing workers by sponsoring education and creating attractive career paths.
The increasing expense of construction as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the construction of new hotels. Actually they 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 attempt 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 probably going to vanish since the new properties is going to be constructed being a mixed use development to offer guests with facilities including 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 entire hotel complex.
The evolution of internet has given rise to your phenomenon where travelers have grown to be more and more demanding. Industry professionals suggest that a growth in a trend, to review properties online, can make travelers less forgiving as they are able to post their travel experiences. Such an overemphasis on web could even result in stiff competition and price reduction strategies gbemjy only large players could possibly survive.
To ward of such threats, the small business owner is now turning towards opening a boutique establishment as an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a more personalized “home out of the house” kind of experience. The creation of such boutique properties has additionally given rise towards the popular and widely accepted theme of modern hostels. These hostels are keen to supply a clean and safe environment for budget conscious travelers. Their goal would be to wipe out the myths associated with cheap motels and dingy guesthouses.
Whatever may be the case, one important thing is made for certain that constant remodeling from the hotel industry has made it more functional and practical not only for that guests but in addition for your accommodation owners.