Hospitality has long been synonymous with the resort industry. Any changes in trends of hotel business have wide scale implications with 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 atmosphere of stiff competition. Here is a look at several major issues:
Amid growing concern over environmentally 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 said that nearly seventy percent in the tourists are able to pay extra in terms of environmental friendly lodgings. These surveys further revealed that these guests pays anywhere from nine to ten percent premium on the already advertised prices.
What can be stated as being a welcome relief for that 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 which are at their lowest since 1971. Such a crisis and absence of funds will surely hamper any efforts to put in appliances that conform to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a trade off may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; which are definitely the hallmark of these eco lodgings.
Where would be the Workers gone? The Alex Medium gives employment with a large 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 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 now devising constructive methods that can support the existing workers by sponsoring education and creating attractive career paths.
The rising expense of construction and a struggling property has prompted hoteliers to deploy the pre-fabricated and price effective solution in the building of new hotels. Actually they are fighting back by producing highly efficient designs that employ 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 stand-alone hotel concept is probably going to vanish as the new properties will be constructed being a mixed use development to provide guests with facilities such as Church, Hospitals and Theme Parks. This type of variety will make sure that guests remain at one spot which will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to some phenomenon where travelers have become ever more demanding. Industry professionals suggest that a growth in a trend, to examine 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 could possibly survive.
To ward of the threats, the small business owner has become turning towards opening a boutique establishment being an alternate to 70,s style motels. Such niche properties are showing up everywhere by advertising a much more personalized “home away from home” sort of experience. The development of such boutique properties has additionally given rise for the popular and widely accepted theme of modern hostels. These hostels are keen to supply a clean and safe environment for price conscious travelers. Their goal is to eliminate the myths connected with cheap motels and dingy guesthouses.
Whatever could possibly 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 that guests but also for your accommodation owners.