Hospitality has always been synonymous with the hotel industry. Any alterations in trends of hotel business have wide scale implications on an otherwise diverse industry. What could be a chance for a traveler can 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 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 including Partnership Travel Industry Association and internet based retailers like Yahoo revealed that nearly seventy percent from the tourists are willing to pay extra with regards 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 a welcome relief for that educated traveler might pose real challenges for that 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 can be at their lowest since 1971. Such a crisis and insufficient funds can easily hamper any efforts to install appliances that comply with the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a downside may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; all of which are the hallmark of those eco lodgings.
Where would be the Workers gone? The Alexander Mirza gives employment at 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 probably the primary factors behind low retention rates.
Hotel industry Gurus happen to be thinking of methods to attract and retain qualified workers by improving the pay scales and also by lowering the long working hours. The top management is currently devising constructive methods which will support the existing workers by sponsoring education and creating attractive career paths.
The increasing price of construction along with a struggling property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the building of new hotels. Actually 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 attempt to maximize the usage of building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The stand alone hotel concept is likely to vanish as the new properties is going to be constructed being a mixed use development to provide guests with facilities like Church, Hospitals and Theme Parks. Such a 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 a phenomenon where travelers are becoming ever more demanding. Industry professionals claim that a growth in a trend, to examine properties online, will make travelers less forgiving as they are able to post their travel experiences. Such an overemphasis on web might even cause stiff competition and value reduction strategies gbemjy only large players may be able to survive.
To ward of these threats, the small business operator 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 more personalized “home out of the house” type 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 neat and safe environment for budget conscious travelers. Their goal is to wipe out the myths related to cheap motels and dingy guesthouses.
Whatever could be the case, something is made for certain constant remodeling of the hotel industry has created it more functional and practical not only for your guests but also for the hotel owners.