Hospitality has always been synonymous with the resort industry. Any changes in trends of hotel business have wide scale implications with 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 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 such as Partnership Travel Industry Association and online retailers like Yahoo said that nearly seventy percent from the tourists are prepared to pay extra in terms of environmental friendly lodgings. These surveys further revealed that these guests will probably pay from nine to ten percent premium on the already advertised prices.
So what can be stated as being a welcome relief for the educated traveler might pose real challenges for the hotel business. To better understand the scenario, it needs to be noted that hotels are presently facing severe shortages in occupancy rates that are at their lowest since 1971. Such a 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 that the trade off may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of which would be the hallmark of such eco lodgings.
Where would be 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 within the hotel industry is among the primary reasons for low retention rates.
Hotel industry Gurus already are thinking about ways to attract and retain qualified workers by enhancing the pay scales and also by reducing the long working hours. The very best management is currently devising constructive methods that will support the existing workers by sponsoring education and creating attractive career paths.
The ever rising expense of construction and a struggling real estate 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 utilize a greater proportion of space for revenue generating purpose. Future trends in the hotel construction will seek to maximize the use of building areas by constructing a multi purpose facility that can include C.asinos, shopping outlets and Theatres. The standalone hotel concept will probably vanish as the new properties will likely be constructed as being a mixed use development to offer guests with facilities like Church, Hospitals and Theme Parks. This kind of variety will make sure that guests remain at one spot which will help generate revenue for the entire hotel complex.
The evolution of internet has given rise to your phenomenon where travelers have become ever more demanding. Industry professionals claim that an increase in a trend, to analyze properties online, can make travelers less forgiving as they are able to post their travel experiences. This kind of overemphasis on web could even lead to stiff competition and price reduction strategies gbemjy only large players could possibly survive.
To ward of the threats, the small business owner has become 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 more personalized “home out of the house” kind 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 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 be the case, one thing is made for certain constant remodeling from the hotel industry makes it more functional and practical not only for your guests also for the resort owners.