Hospitality has always been synonymous with your accommodation industry. Any alterations in trends of hotel business have wide scale implications upon an otherwise diverse industry. What may be a chance 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 environment of stiff competition. Here is a look at several major issues:
Amid growing concern over environmentally friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations like Partnership Travel Industry Association and internet based retailers like Yahoo stated that nearly seventy percent of the tourists are willing to pay extra with regards to environmental friendly lodgings. These surveys further said that these guests pays anywhere from 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 ought to be noted that hotels are presently facing severe shortages in occupancy rates which can be at their lowest since 1971. This kind of crisis and absence of funds will surely hamper any efforts to install appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a downside may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of these are definitely the hallmark of such eco lodgings.
Where would be the Workers gone? The Alex Medium gives employment in a very large proportion of in your free 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 reasons for low retention rates.
Hotel industry Gurus happen to be thinking about approaches to attract and retain qualified workers by improving the pay scales and also by decreasing the long working hours. The best management is now devising constructive methods that can keep the existing workers by sponsoring education and creating attractive career paths.
The ever rising price of construction along with a struggling property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the making 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 seek to maximize using building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish since the new properties will be constructed as a mixed use development to supply guests with facilities such as Church, Hospitals and Theme Parks. This type of variety will ensure that guests remain at one spot which can 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 review properties online, is likely to make travelers less forgiving as they could post their travel experiences. This kind of overemphasis on web may even lead to stiff competition and value reduction strategies gbemjy only large players may be able to survive.
To ward of the threats, the small business operator 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 much more personalized “home away from home” sort of experience. The introduction of such boutique properties also has given rise to the popular and widely accepted theme of contemporary hostels. These hostels are keen to supply a clean and safe environment for price conscious travelers. Their goal is to obliterate the myths associated with cheap motels and dingy guesthouses.
Whatever could be the case, something is for certain constant remodeling from the hotel industry makes it more functional and practical not just for the guests but also for the resort owners.