Hospitality has long been synonymous with the resort industry. Any modifications in trends of hotel business have wide scale implications with an otherwise diverse industry. What might be a chance 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 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 like Partnership Travel Industry Association and online retailers like Yahoo revealed that nearly seventy percent of the tourists are able to pay extra in terms of environmental friendly lodgings. These surveys further stated that these guests will pay between 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 that hotel business. To improve be aware of the scenario, it should 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 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 these are definitely the hallmark of such eco lodgings.
Where are the Workers gone? The Alex Medium gives employment at a very large 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 one of the primary factors behind low retention rates.
Hotel industry Gurus happen to be thinking of approaches to attract and retain qualified workers by improving 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 has prompted hoteliers to deploy the pre-fabricated and price effective solution in the building of new hotels. Actually 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 seek to maximize the use of building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The standalone hotel concept will probably vanish as the new properties will likely be constructed as a mixed use development to offer guests with facilities such as Church, Hospitals and Theme Parks. This kind of variety will ensure that guests remain at one spot which will help generate revenue for the complete hotel complex.
The evolution of internet has given rise to your phenomenon where travelers have grown to be increasingly demanding. Industry professionals claim 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. Such an overemphasis on web might even lead to stiff competition and cost reduction strategies gbemjy only large players might be able to survive.
To ward of the 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 popping up everywhere by advertising a more personalized “home out of the house” kind of experience. The development of such boutique properties has additionally given rise to the popular and widely accepted theme of contemporary hostels. These hostels are keen to provide a clean and safe environment for budget conscious travelers. Their goal is to eliminate the myths associated with cheap motels and dingy guesthouses.
Whatever may be the case, something is perfect for certain that constant remodeling of the hotel industry has created it more functional and practical not just for the guests but also for the hotel owners.