Hospitality has long been synonymous with the hotel industry. Any alterations 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 atmosphere of stiff competition. Here is a look at a few major issues:
Amid growing concern over environmentally friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and online retailers like Yahoo said that nearly seventy percent of the tourists are able to pay extra with regards to environmental friendly lodgings. These surveys further said that these guests will pay between nine to ten percent premium on the already advertised prices.
Exactly what can be stated as being a welcome relief for that educated traveler might pose real challenges for the 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 kind of crisis and absence of funds can definitely hamper any efforts to put in appliances that conform to 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 are the hallmark of such eco lodgings.
Where are the Workers gone? The Alex Mirza 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 within the hotel industry is among the primary reasons for low retention rates.
Hotel industry Gurus happen to be thinking of approaches to attract and retain qualified workers by enhancing the pay scales and also by lowering the long working hours. The very best management is currently devising constructive methods which will keep the existing workers by sponsoring education and creating attractive career paths.
The rising cost of construction and a struggling real estate has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the construction of new hotels. In fact these are fighting back by producing highly efficient designs that utilize a greater proportion of space for revenue generating purpose. Future trends in the hotel construction will attempt 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 will probably vanish since the new properties will be constructed as being a mixed use development to provide guests with facilities including Church, Hospitals and Theme Parks. Such a variety will make sure that guests remain at one spot that will help generate revenue for the complete hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have become ever more demanding. Industry professionals claim 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 type of overemphasis on web may even lead to stiff competition and value reduction strategies gbemjy only large players might be able to survive.
To ward of such threats, the small business operator is currently turning towards opening a boutique establishment being an alternate to 70,s style motels. Such niche properties are popping up everywhere by advertising a much more personalized “home out and about” type of experience. The development of such boutique properties also has given rise for the popular and widely accepted theme of modern hostels. These hostels are keen to supply a clean and safe environment for budget conscious travelers. Their goal would be to eliminate the myths associated with cheap motels and dingy guesthouses.
Whatever could be the case, one important thing is perfect for sure that constant remodeling from the hotel industry has made it more functional and practical not just for that guests also for the resort owners.