Hospitality has long 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 an opportunity 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 environmentally 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 revealed that nearly seventy percent from the tourists are prepared to pay extra when it comes to environmental friendly lodgings. These surveys further stated that these guests pays anywhere from nine to ten percent premium on the already advertised prices.
What can be stated as a welcome relief for the educated traveler might pose real challenges for the hotel business. To better understand the scenario, it needs to be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. Such a crisis and insufficient funds will surely hamper any efforts to put in appliances that conform 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 which are definitely the hallmark of these eco lodgings.
Where would be the Workers gone? The Alexander Mirza gives employment in a very large 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 among the primary factors behind low retention rates.
Hotel industry Gurus are already considering methods to attract and retain qualified workers by enhancing the pay scales and through lowering the long working hours. The very best management is now devising constructive methods that can support the existing workers by sponsoring education and creating attractive career paths.
The rising price of construction and a struggling property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the making of new hotels. In fact they 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 seek to maximize the usage of building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The stand-alone hotel concept is probably going to vanish as the new properties is going to 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 that 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 growth in a trend, to analyze properties online, will make travelers less forgiving as they are able to post their travel experiences. Such an overemphasis on web could even cause stiff competition and cost 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 an alternate to 70,s style motels. Such niche properties are showing up everywhere by advertising a much more personalized “home out and about” sort of experience. The creation of such boutique properties also has given rise towards the popular and widely accepted theme of contemporary hostels. These hostels are keen to supply a neat and safe environment for budget conscious travelers. Their goal is always to eliminate the myths associated with cheap motels and dingy guesthouses.
Whatever could be the case, something is made for certain constant remodeling of the hotel industry makes it more functional and practical not merely for your guests but in addition for the hotel owners.