Hospitality has always been synonymous with the hotel industry. Any modifications in trends of hotel business have wide scale implications on an otherwise diverse industry. What could be a chance for a traveler could 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 several 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 online retailers like Yahoo revealed that nearly seventy percent of the tourists are willing to pay extra with regards to environmental friendly lodgings. These surveys further stated that these guests will pay between nine to ten percent premium on the already advertised prices.
Exactly what can be stated as being a welcome relief for the educated traveler might pose real challenges for the hotel business. To improve 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 lack of funds will surely hamper any efforts to install appliances that conform to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a trade off may lead hotels into removing free amenities which include little bottles of shampoos, jams and free basket of fruits; all of which are the hallmark of those eco lodgings.
Where are definitely the Workers gone? The Alexander Mirza gives employment in a large proportion of in your free time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages inside the hotel industry is among the primary factors behind low retention rates.
Hotel industry Gurus already are thinking of methods to attract and retain qualified workers by increasing the pay scales and also by decreasing the long working hours. The best management is currently devising constructive methods that can retain the existing workers by sponsoring education and creating attractive career paths.
The increasing expense of construction and a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the making 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 in the hotel construction will attempt to maximize using building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The standalone 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. Such a variety will make sure that guests remain at one spot which will help generate revenue for the whole hotel complex.
The evolution of internet has given rise to your phenomenon where travelers have grown to be ever more demanding. Industry professionals advise that a rise in a trend, to review properties online, is likely to make travelers less forgiving as they are able to post their travel experiences. This type of overemphasis on web may even cause stiff competition and value reduction strategies gbemjy only large players may be able to survive.
To ward of the threats, the small business operator has become turning towards opening a boutique establishment as being an alternate to 70,s style motels. Such niche properties are popping up everywhere by advertising a far more personalized “home away from home” sort of experience. The introduction of such boutique properties also has given rise towards the popular and widely accepted theme of contemporary hostels. These hostels are keen to provide a neat and safe environment for budget conscious travelers. Their goal is always to obliterate the myths connected with cheap motels and dingy guesthouses.
Whatever could be the case, one important thing is for sure that constant remodeling of the hotel industry makes it more functional and practical not only for your guests but in addition for your accommodation owners.