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 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 environment friendly services, most travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including Partnership Travel Industry Association and internet based retailers like Yahoo revealed that nearly seventy percent in the tourists are willing to pay extra in terms of environmental friendly lodgings. These surveys further said that these guests pays from nine to ten percent premium on the already advertised prices.
So what can be stated being a welcome relief for the educated traveler might pose real challenges for that hotel business. To higher comprehend the scenario, it should be noted that hotels are presently facing severe shortages in occupancy rates which can be at their lowest since 1971. This kind of crisis and absence of funds can easily hamper any efforts to put in appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a trade off may lead hotels into removing free amenities which include little bottles of shampoos, jams and free basket of fruits; which are the hallmark of such eco lodgings.
Where would be the Workers gone? The Alex Medium gives employment at a huge 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 probably the primary reasons for low retention rates.
Hotel industry Gurus are already considering approaches to attract and retain qualified workers by enhancing the pay scales and through lowering the long working hours. The top management has become devising constructive methods that will support the existing workers by sponsoring education and creating attractive career paths.
The increasing price of construction as well as a struggling real estate has prompted hoteliers to deploy the pre-fabricated and price effective solution in the building of new hotels. In fact these are fighting back by producing highly efficient designs that employ a greater proportion of space for revenue generating purpose. Future trends inside the hotel construction will attempt to maximize the usage of building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The stand-alone hotel concept is likely to vanish as the new properties will be constructed as a mixed use development to provide guests with facilities such as Church, Hospitals and Theme Parks. Such a variety will make sure 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 are becoming ever more demanding. Industry professionals suggest that an increase in a trend, to analyze properties online, is likely to make travelers less forgiving as they can post their travel experiences. Such an overemphasis on web might even cause stiff competition and cost reduction strategies gbemjy only large players might be able to survive.
To ward of such threats, the small business owner is currently turning towards opening a boutique establishment as being an alternate to 70,s style motels. Such niche properties are appearing everywhere by advertising a much more personalized “home out and about” kind of experience. The introduction of such boutique properties also has given rise towards the popular and widely accepted theme of modern hostels. These hostels are keen to provide a neat and safe environment for budget conscious travelers. Their goal would be to obliterate the myths related to cheap motels and dingy guesthouses.
Whatever could be the case, one thing is made for certain that constant remodeling of the hotel industry has made it more functional and practical not just for your guests but in addition for your accommodation owners.