Hospitality has always been synonymous with the resort industry. Any alterations in trends of hotel business have wide scale implications upon an otherwise diverse industry. What may be an opportunity 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 several major issues:
Amid growing concern over environment-friendly services, a majority of 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 able to pay extra when it comes to environmental friendly lodgings. These surveys further revealed that these guests will pay 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 improve comprehend the scenario, it ought to 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 will surely hamper any efforts to install appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a downside 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 are the Workers gone? The Alex Mirza gives employment at a very large proportion of in your free time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages within the hotel industry is probably the primary reasons for low retention rates.
Hotel industry Gurus are already considering methods to attract and retain qualified workers by enhancing the pay scales and also by lowering the long working hours. The very best management has become devising constructive methods which will retain the existing workers by sponsoring education and creating attractive career paths.
The rising expense of construction as well as a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and price effective solution in the construction of new hotels. In fact they are 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 aim to maximize using building areas by constructing a multi purpose facility which will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is likely to vanish because the new properties will be constructed as a mixed use development to supply guests with facilities including Church, Hospitals and Theme Parks. Such a variety will ensure that guests remain at one spot that will help generate revenue for the whole hotel complex.
The evolution of internet has given rise to some phenomenon where travelers are becoming ever more demanding. Industry professionals suggest that an increase in a trend, to examine properties online, will make travelers less forgiving as they can post their travel experiences. This type of overemphasis on web may even lead to stiff competition and price reduction strategies gbemjy only large players may be able to survive.
To ward of such threats, the small business owner has become turning towards opening a boutique establishment as an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a far more personalized “home out of the house” sort of experience. The development of such boutique properties has also given rise to the popular and widely accepted theme of contemporary hostels. These hostels are keen to provide a clean and safe environment for price conscious travelers. Their goal is to obliterate the myths related to cheap motels and dingy guesthouses.
Whatever could possibly be the case, one thing is perfect for certain constant remodeling of the hotel industry has made it more functional and practical not only for your guests also for the hotel owners.