Hospitality has always been synonymous with your accommodation industry. Any modifications in trends of hotel business have wide scale implications on 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 atmosphere of stiff competition. Here is a look at a few 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 online retailers like Yahoo said that nearly seventy percent of the tourists are willing to pay extra when it comes to environmental friendly lodgings. These surveys further revealed that these guests will probably pay anywhere from nine to ten percent premium on the already advertised prices.
So what can be stated being a welcome relief for your educated traveler might pose real challenges for that hotel business. To improve comprehend the scenario, it needs to be noted that hotels are presently facing severe shortages in occupancy rates which can be at their lowest since 1971. Such a crisis and insufficient funds can definitely hamper any efforts to set up appliances that comply with the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that the trade off may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; all of these are definitely the hallmark of such eco lodgings.
Where are definitely the Workers gone? The Alex Mirza gives employment with a huge proportion of in your free 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 thinking about approaches to attract and retain qualified workers by improving the pay scales and through decreasing the long working hours. The top management is now devising constructive methods that can support the existing workers by sponsoring education and creating attractive career paths.
The ever rising price of construction along with a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the making of new hotels. Actually they are fighting back by producing highly efficient designs that utilize a greater proportion of space for revenue generating purpose. Future trends within the hotel construction will seek to maximize the use of building areas by constructing a multi purpose facility which will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is probably going to vanish as the new properties will likely be constructed being a mixed use development to provide guests with facilities such as Church, Hospitals and Theme Parks. This type of variety will ensure that guests remain at one spot which can help generate revenue for the whole hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have become increasingly demanding. Industry professionals claim that a growth in a trend, to review properties online, will make travelers less forgiving as they can post their travel experiences. This kind of overemphasis on web might even result in stiff competition and value reduction strategies gbemjy only large players might be able to survive.
To ward of the 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 popping up everywhere by advertising a much more personalized “home out and about” sort of experience. The creation of such boutique properties has also given rise for the popular and widely accepted theme of contemporary hostels. These hostels are keen to provide a neat and safe environment for price conscious travelers. Their goal would be to eliminate the myths related to cheap motels and dingy guesthouses.
Whatever could be the case, one thing is made for sure that constant remodeling in the hotel industry has created it more functional and practical not only for your guests but in addition for the hotel owners.