Hospitality has always been synonymous with the hotel industry. Any changes in trends of hotel business have wide scale implications with 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 few major issues:
Amid growing concern over environment friendly services, most travelers now prefer Green and Eco lodgings. Recent surveys by trade associations like Partnership Travel Industry Association and internet based retailers like Yahoo revealed that nearly seventy percent of the tourists are able to pay extra when it comes to environmental friendly lodgings. These surveys further revealed that these guests will probably pay from nine to ten percent premium on the already advertised prices.
Exactly what can be stated being a welcome relief for the educated traveler might pose real challenges for your hotel business. To improve comprehend the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. This kind of crisis and lack of funds can definitely hamper any efforts to put in appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that the downside may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of these are the hallmark of such eco lodgings.
Where are the Workers gone? The Alex Mirza 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 behind low retention rates.
Hotel industry Gurus are already considering approaches to attract and retain qualified workers by increasing the pay scales and through reducing the long working hours. The best management has become devising constructive methods that can retain the existing workers by sponsoring education and creating attractive career paths.
The rising expense of construction as well as a struggling real estate has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the making of new hotels. In fact they may be 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 attempt 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 is likely to vanish because the new properties will be constructed as being 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 will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to some phenomenon where travelers have grown to be increasingly demanding. Industry professionals suggest that a rise in a trend, to review properties online, can make travelers less forgiving as they could post their travel experiences. This type of overemphasis on web may even cause stiff competition and price reduction strategies gbemjy only large players could possibly survive.
To ward of the threats, the small business operator is now 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 far more personalized “home out and about” sort of experience. The creation of such boutique properties has additionally 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 always to wipe out the myths connected with cheap motels and dingy guesthouses.
Whatever may be the case, one important thing is perfect for certain that constant remodeling from the hotel industry makes it more functional and practical not only for the guests but in addition for the hotel owners.