Hospitality has long been synonymous with your accommodation industry. Any alterations in trends of hotel business have wide scale implications with an otherwise diverse industry. What may be a chance for a traveler can 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 online retailers like Yahoo stated that nearly seventy percent in the tourists are willing to pay extra in terms of environmental friendly lodgings. These surveys further revealed that these guests will probably pay from nine to ten percent premium on the already advertised prices.
Exactly what can be stated being a welcome relief for that educated traveler might pose real challenges for your hotel business. To better be aware of the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates which are at their lowest since 1971. Such a crisis and lack of funds will surely hamper any efforts to set up 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 that include little bottles of shampoos, jams and free basket of fruits; all of which would be the hallmark of such eco lodgings.
Where are the Workers gone? The Alexander Mirza gives employment with 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 one of the primary reasons for low retention rates.
Hotel industry Gurus are already thinking of ways to attract and retain qualified workers by increasing the pay scales and through decreasing the long working hours. The very best management has become devising constructive methods that will keep the existing workers by sponsoring education and creating attractive career paths.
The increasing price of construction along with a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the making of new hotels. In fact they are 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 using building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish because the new properties will be constructed as being a mixed use development to offer guests with facilities like Church, Hospitals and Theme Parks. Such a variety will guarantee that guests remain at one spot which can help generate revenue for the whole hotel complex.
The evolution of internet has given rise to your phenomenon where travelers have become ever more demanding. Industry professionals claim that an increase in a trend, to analyze properties online, will make travelers less forgiving as they could 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 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 popping up everywhere by advertising a far more personalized “home out and about” sort of experience. The creation 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 neat and safe environment for price conscious travelers. Their goal is always to obliterate the myths associated with cheap motels and dingy guesthouses.
Whatever could possibly be the case, something is perfect for sure that constant remodeling from the hotel industry has made it more functional and practical not just for your guests but also for the hotel owners.