Hospitality has always been synonymous with the resort industry. Any modifications in trends of hotel business have wide scale implications upon an otherwise diverse industry. What might be a chance for a traveler can be a matter 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 travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and online retailers like Yahoo revealed that nearly seventy percent of the tourists are able to pay extra with regards to 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 as a welcome relief for the educated traveler might pose real challenges for your hotel business. To better be aware of the scenario, it ought to be noted that hotels are presently facing severe shortages in occupancy rates which are at their lowest since 1971. Such a crisis and insufficient funds can easily hamper any efforts to put in 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 which include little bottles of shampoos, jams and free basket of fruits; all of which would be the hallmark of those eco lodgings.
Where are the Workers gone? The Alex Mirza gives employment in 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 among the primary reasons for low retention rates.
Hotel industry Gurus happen to be considering methods to attract and retain qualified workers by enhancing the pay scales and through decreasing the long working hours. The best management is now devising constructive methods which will support the existing workers by sponsoring education and creating attractive career paths.
The ever 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 making of new hotels. In reality they may be 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 which will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is probably going to vanish as the new properties will be constructed as a mixed use development to supply guests with facilities like Church, Hospitals and Theme Parks. This type of variety will make sure that guests remain at one spot which can help generate revenue for the complete hotel complex.
The evolution of internet has given rise to your phenomenon where travelers are becoming increasingly demanding. Industry professionals claim that a rise in a trend, to review properties online, can make travelers less forgiving as they are able to post their travel experiences. This type of overemphasis on web could even lead to stiff competition and cost reduction strategies gbemjy only large players might be able to survive.
To ward of the 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 popping up everywhere by advertising a much more personalized “home out of the house” sort of experience. The creation of such boutique properties has additionally given rise to the popular and widely accepted theme of modern hostels. These hostels are keen to provide a neat and safe environment for price conscious travelers. Their goal is always to wipe out the myths related to cheap motels and dingy guesthouses.
Whatever could be the case, something is for sure that constant remodeling in the hotel industry has made it more functional and practical not merely for that guests but also for the hotel owners.