Hospitality has always been synonymous with the hotel industry. Any alterations in trends of hotel business have wide scale implications with an otherwise diverse industry. What might 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 several major issues:
Amid growing concern over environment-friendly services, most of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and internet based retailers like Yahoo said that nearly seventy percent in the tourists are willing to pay extra in terms of environmental friendly lodgings. These surveys further stated that these guests will probably pay from nine to ten percent premium on the already advertised prices.
So what can be stated being a welcome relief for that educated traveler might pose real challenges for that hotel business. To better be aware of the scenario, it needs 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 set up appliances that comply with 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 are definitely the hallmark of such eco lodgings.
Where are the Workers gone? The Alexander Mirza gives employment in a large proportion of part time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages in the hotel industry is probably the primary reasons for low retention rates.
Hotel industry Gurus are already thinking about approaches to attract and retain qualified workers by increasing the pay scales and also by decreasing the long working hours. The very best management is now devising constructive methods which will support the existing workers by sponsoring education and creating attractive career paths.
The ever rising cost of construction along with a struggling real estate has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the making of new hotels. In reality these 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 aim to maximize the usage of building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The stand-alone hotel concept will probably vanish since the new properties will likely be constructed as being a mixed use development to supply guests with facilities like Church, Hospitals and Theme Parks. This kind of variety will ensure that guests remain at one spot which will help generate revenue for the complete hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have become more and more demanding. Industry professionals advise that a rise in a trend, to analyze properties online, is likely to make travelers less forgiving as they can post their travel experiences. This kind of overemphasis on web may even cause stiff competition and cost reduction strategies gbemjy only large players may be able to survive.
To ward of these threats, the small business owner is now turning towards opening a boutique establishment as an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a much more personalized “home out of the house” kind 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 neat and safe environment for budget conscious travelers. Their goal is to obliterate the myths associated with cheap motels and dingy guesthouses.
Whatever could be the case, one thing is made for certain that constant remodeling in the hotel industry has made it more functional and practical not only for the guests also for your accommodation owners.