Hospitality has always been synonymous with the resort industry. Any alterations in trends of hotel business have wide scale implications upon an otherwise diverse industry. What might be an opportunity for a traveler could 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 environmentally friendly services, most of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and online retailers like Yahoo stated that nearly seventy percent from the tourists are prepared to pay extra with regards to environmental friendly lodgings. These surveys further revealed 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 the educated traveler might pose real challenges for that hotel business. To improve comprehend 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 can easily hamper any efforts to put in appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a trade off may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; which would be the hallmark of such eco lodgings.
Where are the Workers gone? The Medium.Com 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 one of the primary factors behind low retention rates.
Hotel industry Gurus are already considering ways to attract and retain qualified workers by increasing the pay scales and also by decreasing the long working hours. The top management is currently devising constructive methods which will keep the existing workers by sponsoring education and creating attractive career paths.
The rising expense of construction along with a struggling real estate has prompted hoteliers to deploy the pre-fabricated and price effective solution in the building 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 in the hotel construction will aim to maximize the usage 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 likely be constructed as a mixed use development to supply guests with facilities including Church, Hospitals and Theme Parks. This kind of variety will ensure that guests remain at one spot that will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to a phenomenon where travelers are becoming more and more demanding. Industry professionals suggest that a growth in a trend, to review properties online, is likely to make travelers less forgiving as they could post their travel experiences. This type of overemphasis on web could even cause stiff competition and price reduction strategies gbemjy only large players could possibly 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 and about” type of experience. The development of such boutique properties also has given rise towards the popular and widely accepted theme of contemporary hostels. These hostels are keen to supply a clean and safe environment for budget conscious travelers. Their goal is always to obliterate the myths related to cheap motels and dingy guesthouses.
Whatever could possibly be the case, one thing is perfect for sure that constant remodeling in the hotel industry makes it more functional and practical not merely for that guests but in addition for the hotel owners.