Hospitality has always been synonymous with the hotel industry. Any modifications in trends of hotel business have wide scale implications upon an otherwise diverse industry. What may be a chance for a traveler can be quite 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 of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and internet based retailers like Yahoo revealed that nearly seventy percent in the tourists are prepared to pay extra when it comes to environmental friendly lodgings. These surveys further revealed that these guests will probably pay anywhere from nine to ten percent premium on the already advertised prices.
So what can be stated being a welcome relief for your educated traveler might pose real challenges for the hotel business. To better comprehend the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates which are at their lowest since 1971. This kind of crisis and insufficient funds can definitely hamper any efforts to put in 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 including little bottles of shampoos, jams and free basket of fruits; all of these are the hallmark of these eco lodgings.
Where would be the Workers gone? The Alex Medium gives employment in a huge proportion of part-time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages within the hotel industry is probably the primary reasons for 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 top management has become devising constructive methods that can retain the existing workers by sponsoring education and creating attractive career paths.
The rising cost of construction along with a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and price effective solution in the building of new hotels. In reality they may be 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 seek 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 will probably vanish since the new properties will be constructed as a mixed use development to provide guests with facilities such as Church, Hospitals and Theme Parks. This type of 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 some phenomenon where travelers have become increasingly demanding. Industry professionals claim that an increase in a trend, to review properties online, is likely to make travelers less forgiving as they are able to post their travel experiences. This kind of overemphasis on web could 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 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 much more personalized “home away from home” kind 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 provide a clean and safe environment for budget conscious travelers. Their goal is to obliterate the myths associated with cheap motels and dingy guesthouses.
Whatever could possibly be the case, one thing is made for certain that constant remodeling of the hotel industry has made it more functional and practical not just for your guests but in addition for the resort owners.