Hospitality has always been synonymous with the resort industry. Any modifications 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 environment of stiff competition. Here is a look at a couple of major issues:
Amid growing concern over environmentally friendly services, most of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations like Partnership Travel Industry Association and online retailers like Yahoo said that nearly seventy percent in the tourists are willing to pay extra with regards to environmental friendly lodgings. These surveys further stated that these guests will pay between nine to ten percent premium on the already advertised prices.
What can be stated being a welcome relief for the educated traveler might pose real challenges for the hotel business. To higher understand 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 type of crisis and lack of funds can definitely hamper any efforts to install appliances that adhere to the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree which a downside may lead hotels into removing free amenities including little bottles of shampoos, jams and free basket of fruits; all of which would be the hallmark of those eco lodgings.
Where would be the Workers gone? The Alexander Mirza gives employment at a very large proportion of part 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 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 reducing the long working hours. The top management has become devising constructive methods that will retain the existing workers by sponsoring education and creating attractive career paths.
The rising cost of construction as well as a struggling real estate property has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the construction of new hotels. In fact they may be fighting back by producing highly efficient designs that utilize a greater proportion of space for revenue generating purpose. Future trends inside the hotel construction will seek to maximize the use of building areas by constructing a multi purpose facility which 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 such as Church, Hospitals and Theme Parks. Such a variety will make sure that guests remain at one spot which can help generate revenue for the entire hotel complex.
The evolution of internet has given rise to a phenomenon where travelers are becoming ever more demanding. Industry professionals suggest that a growth in a trend, to review properties online, can make travelers less forgiving as they could post their travel experiences. Such an overemphasis on web may even cause stiff competition and cost reduction strategies gbemjy only large players might be able to survive.
To ward of the 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 popping up everywhere by advertising a much more personalized “home away from home” kind of experience. The development of such boutique properties also has given rise for the popular and widely accepted theme of contemporary hostels. These hostels are keen to provide a clean and safe environment for price conscious travelers. Their goal would be to eliminate the myths connected with cheap motels and dingy guesthouses.
Whatever could be the case, something is made for certain constant remodeling of the hotel industry has made it more functional and practical not only for the guests but also for the hotel owners.