Hospitality has always been synonymous with the resort industry. Any changes 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 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 web-based retailers like Yahoo revealed that nearly seventy percent in the tourists are able to pay extra when it comes to environmental friendly lodgings. These surveys further said that these guests will pay anywhere from nine to ten percent premium on the already advertised prices.
What can be stated as a welcome relief for the educated traveler might pose real challenges for the 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. This type of crisis and absence of funds will surely hamper any efforts to set up appliances that conform to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that the downside may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; all of these are definitely the hallmark of such eco lodgings.
Where would be the Workers gone? The Alex Mirza gives employment with a large proportion of in your free time workers, who after gaining substantial experience, leave for other lucrative jobs at restaurants and outdoors. Low wages in the hotel industry is among the primary factors behind low retention rates.
Hotel industry Gurus are already considering methods to attract and retain qualified workers by increasing the pay scales and by lowering the long working hours. The top management is now devising constructive methods which will keep the existing workers by sponsoring education and creating attractive career paths.
The ever rising expense of construction as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the building of new hotels. In reality these are fighting back by producing highly efficient designs that employ a greater proportion of space for revenue generating purpose. Future trends within the hotel construction will attempt 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 likely to vanish as the new properties will likely be constructed as a mixed use development to provide 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 whole hotel complex.
The evolution of internet has given rise to some phenomenon where travelers are becoming more and more demanding. Industry professionals claim that a rise in a trend, to analyze properties online, will make travelers less forgiving as they can post their travel experiences. Such an overemphasis on web might even cause stiff competition and value reduction strategies gbemjy only large players may be able to survive.
To ward of the threats, the small business operator is now 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 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 possibly be the case, one thing is for sure that constant remodeling in the hotel industry makes it more functional and practical not only for the guests also for the hotel owners.