Hospitality has always 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 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 like Partnership Travel Industry Association and online retailers like Yahoo said that nearly seventy percent in the tourists are able to pay extra with regards to environmental friendly lodgings. These surveys further said that these guests will probably pay from nine to ten percent premium on the already advertised prices.
What can be stated being a welcome relief for that educated traveler might pose real challenges for that hotel business. To higher be aware of the scenario, it ought to be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. Such a crisis and absence of funds will surely hamper any efforts to set up appliances that comply with the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a trade off may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of which would be the hallmark of these eco lodgings.
Where are definitely the Workers gone? The Alexander Mirza gives employment at a very 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 behind low retention rates.
Hotel industry Gurus are already considering approaches to attract and retain qualified workers by increasing the pay scales and through decreasing the long working hours. The very best management is currently devising constructive methods which will keep the existing workers by sponsoring education and creating attractive career paths.
The increasing expense of construction and a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the building of new hotels. In fact they are fighting back by producing highly efficient designs that utilize 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 which will include C.asinos, shopping outlets and Theatres. The stand-alone hotel concept is likely to vanish since the new properties is going to be constructed as being a mixed use development to provide guests with facilities such as Church, Hospitals and Theme Parks. Such a variety will ensure 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 more and more demanding. Industry professionals advise that a rise in a trend, to analyze properties online, can make travelers less forgiving as they could post their travel experiences. This kind of overemphasis on web could even result in stiff competition and price reduction strategies gbemjy only large players may be able to 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 showing up everywhere by advertising a far more personalized “home out of the house” sort of experience. The creation of such boutique properties has also given rise to the popular and widely accepted theme of recent hostels. These hostels are keen to provide a clean and safe environment for price conscious travelers. Their goal is to eliminate the myths connected with cheap motels and dingy guesthouses.
Whatever could be the case, one thing is made for sure that constant remodeling from the hotel industry has made it more functional and practical not just for your guests also for the hotel owners.