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 may be a chance for a traveler could be a case 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 of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations like Partnership Travel Industry Association and internet based retailers like Yahoo stated that nearly seventy percent of the tourists are willing to pay extra with regards to environmental friendly lodgings. These surveys further revealed that these guests pays between nine to ten percent premium on the already advertised prices.
So what can be stated as a welcome relief for the educated traveler might pose real challenges for that hotel business. To better understand the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. This type of crisis and insufficient funds can easily hamper any efforts to put in 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 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 Medium.Com 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 among the primary reasons for low retention rates.
Hotel industry Gurus are already thinking of ways to attract and retain qualified workers by improving the pay scales and through reducing the long working hours. The top management has become devising constructive methods that will keep the existing workers by sponsoring education and creating attractive career paths.
The rising cost of construction as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and price effective solution in the making of new hotels. In fact they may be fighting back by producing highly efficient designs that employ a greater proportion of space for revenue generating purpose. Future trends in 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 stand-alone hotel concept will probably vanish since the new properties will be constructed as being a mixed use development to supply guests with facilities including Church, Hospitals and Theme Parks. This kind of variety will guarantee that guests remain at one spot which will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to your phenomenon where travelers are becoming ever more demanding. Industry professionals advise that an increase in a trend, to review properties online, will make travelers less forgiving as they are able to post their travel experiences. This kind of overemphasis on web may even result in stiff competition and price reduction strategies gbemjy only large players may be able to survive.
To ward of these 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 appearing everywhere by advertising a more personalized “home out of the house” type of experience. The creation of such boutique properties has additionally given rise for 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 to obliterate the myths related to cheap motels and dingy guesthouses.
Whatever may be the case, one thing is made for certain constant remodeling of the hotel industry has made it more functional and practical not only for the guests but in addition for the hotel owners.