Hospitality has always been synonymous with the resort industry. Any alterations in trends of hotel business have wide scale implications on an otherwise diverse industry. What may be an opportunity for a traveler could 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 environment-friendly services, most travelers now prefer Green and Eco lodgings. Recent surveys by trade associations including 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 probably pay anywhere from nine to ten percent premium on the already advertised prices.
Exactly what can be stated being a welcome relief for that educated traveler might pose real challenges for that hotel business. To better comprehend the scenario, it needs to 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 install appliances that conform to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a downside may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; which are definitely the hallmark of these eco lodgings.
Where would be 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 within the hotel industry is probably the primary factors behind low retention rates.
Hotel industry Gurus are already thinking about approaches to attract and retain qualified workers by improving the pay scales and also by reducing the long working hours. The top management is now devising constructive methods that will keep the existing workers by sponsoring education and creating attractive career paths.
The increasing expense of construction as well as a struggling property has prompted hoteliers to deploy the pre-fabricated and expense effective solution in the making of new hotels. Actually these are 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 attempt to maximize the usage of building areas by constructing a multi purpose facility that will include C.asinos, shopping outlets and Theatres. The standalone hotel concept is probably going to vanish since the new properties will likely be constructed as a mixed use development to provide guests with facilities including Church, Hospitals and Theme Parks. Such a variety will ensure that guests remain at one spot which will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to a phenomenon where travelers have become ever more demanding. Industry professionals claim that a rise in a trend, to analyze properties online, will make travelers less forgiving as they are able to post their travel experiences. This kind of overemphasis on web might even cause stiff competition and price reduction strategies gbemjy only large players might be able to survive.
To ward of these threats, the small business operator is currently turning towards opening a boutique establishment as being an alternate to 70,s style motels. Such niche properties are showing up everywhere by advertising a much more personalized “home out and about” type of experience. The development of such boutique properties has additionally given rise to the popular and widely accepted theme of contemporary hostels. These hostels are keen to supply a neat and safe environment for price conscious travelers. Their goal is to obliterate the myths connected with cheap motels and dingy guesthouses.
Whatever could be the case, something is for certain constant remodeling of the hotel industry makes it more functional and practical not merely for the guests also for the resort owners.