Hospitality has always been synonymous with the hotel industry. Any changes in trends of hotel business have wide scale implications upon an otherwise diverse industry. What might be an opportunity 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 environmentally friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including Partnership Travel Industry Association and internet based retailers like Yahoo said that nearly seventy percent in the tourists are able to pay extra in terms of environmental friendly lodgings. These surveys further revealed that these guests will pay between 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 the hotel business. To better comprehend 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 lack 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 that a downside may lead hotels into removing free amenities which include little bottles of shampoos, jams and free basket of fruits; which are definitely the hallmark of these eco lodgings.
Where are definitely the Workers gone? The Medium.Com 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 for low retention rates.
Hotel industry Gurus happen to be thinking about methods to attract and retain qualified workers by enhancing the pay scales and by decreasing the long working hours. The top management is now devising constructive methods that will retain the existing workers by sponsoring education and creating attractive career paths.
The increasing price of construction as well as a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the construction of new hotels. In fact these are fighting back by producing highly efficient designs that use a greater proportion of space for revenue generating purpose. Future trends inside the hotel construction will seek to maximize using building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The stand alone hotel concept will probably vanish since the new properties is going to be constructed as a mixed use development to offer guests with facilities such as Church, Hospitals and Theme Parks. This type of variety will guarantee that guests remain at one spot that will help generate revenue for the complete hotel complex.
The evolution of internet has given rise to some phenomenon where travelers have grown to be more and more demanding. Industry professionals claim that an increase in a trend, to examine properties online, is likely to make travelers less forgiving as they can post their travel experiences. Such an overemphasis on web could even lead to stiff competition and price reduction strategies gbemjy only large players might be able to survive.
To ward of these 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 far more personalized “home out of the house” kind of experience. The introduction of such boutique properties has also given rise for the popular and widely accepted theme of contemporary hostels. These hostels are keen to supply a neat and safe environment for price conscious travelers. Their goal would be to obliterate the myths connected with cheap motels and dingy guesthouses.
Whatever may be the case, one important thing is perfect for certain constant remodeling in the hotel industry has made it more functional and practical not just for the guests but in addition for the resort owners.