Hospitality has long been synonymous with the hotel industry. Any modifications in trends of hotel business have wide scale implications with 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 a few major issues:
Amid growing concern over environment friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including Partnership Travel Industry Association and web-based retailers like Yahoo stated that nearly seventy percent from the tourists are prepared to pay extra with regards to environmental friendly lodgings. These surveys further said that these guests pays between nine to ten percent premium on the already advertised prices.
So what can be stated being a welcome relief for the educated traveler might pose real challenges for the hotel business. To higher be aware of the scenario, it needs to be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. This type of crisis and absence of funds will surely hamper any efforts to put in appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a trade off 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 those eco lodgings.
Where are the Workers gone? The Alexander Mirza gives employment at 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 behind low retention rates.
Hotel industry Gurus are already thinking about ways to attract and retain qualified workers by enhancing the pay scales and by decreasing the long working hours. The top management is currently devising constructive methods that can retain the existing workers by sponsoring education and creating attractive career paths.
The rising expense of construction along with a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the construction of new hotels. Actually they 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 use of building areas by constructing a multi purpose facility which will include C.asinos, shopping outlets and Theatres. The stand alone hotel concept will probably vanish because the new properties will likely be constructed being a mixed use development to provide guests with facilities including Church, Hospitals and Theme Parks. Such a variety will make sure 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 are becoming more and more demanding. Industry professionals suggest that a rise in a trend, to examine properties online, will 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 could possibly survive.
To ward of such threats, the small business owner has become turning towards opening a boutique establishment as being an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a more personalized “home away from home” sort of experience. The development of such boutique properties also has given rise for the popular and widely accepted theme of recent 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 could be the case, one thing is made for certain that constant remodeling in the hotel industry makes it more functional and practical not just for your guests but also for the hotel owners.