Hospitality has always been synonymous with your accommodation industry. Any modifications in trends of hotel business have wide scale implications upon an otherwise diverse industry. What might 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 environmentally friendly services, most travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including Partnership Travel Industry Association and web-based retailers like Yahoo revealed that nearly seventy percent from the tourists are able to pay extra in terms of environmental friendly lodgings. These surveys further revealed that these guests will probably pay between nine to ten percent premium on the already advertised prices.
So what can be stated as a welcome relief for that educated traveler might pose real challenges for that hotel business. To improve 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 type of crisis and insufficient funds can definitely hamper any efforts to install 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; which would be the hallmark of these eco lodgings.
Where would be the Workers gone? The Alex 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 inside the hotel industry is one of the primary factors behind low retention rates.
Hotel industry Gurus happen to be considering approaches to attract and retain qualified workers by enhancing the pay scales and also by decreasing the long working hours. The very best management is now devising constructive methods that can retain the existing workers by sponsoring education and creating attractive career paths.
The ever rising cost of construction as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the construction 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 in the hotel construction will aim to maximize using building areas by constructing a multi purpose facility which will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish because the new properties will likely be constructed being a mixed use development to offer guests with facilities including Church, Hospitals and Theme Parks. This type of variety will guarantee that guests remain at one spot that will help generate revenue for the whole hotel complex.
The evolution of internet has given rise to some phenomenon where travelers have become ever more demanding. Industry professionals advise that a rise in a trend, to examine properties online, is likely to make travelers less forgiving as they are able to post their travel experiences. Such an overemphasis on web might even result in stiff competition and value reduction strategies gbemjy only large players could possibly survive.
To ward of such threats, the small business operator has become turning towards opening a boutique establishment 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” type of experience. The creation of such boutique properties has additionally given rise towards 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 related to cheap motels and dingy guesthouses.
Whatever may be the case, something is perfect for sure that constant remodeling in the hotel industry makes it more functional and practical not only for the guests but in addition for the resort owners.