Hospitality Industry: Hotel Business Current and Future Trends
Hospitality has long been synonymous with the hotel industry. Any changes in trends of hotel business have wide scale implications on an otherwise diverse industry. What might be an opportunity 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 a few major issues:
Is Green better?
Amid growing concern over environment friendly services, a majority of travelers now prefer Green and Eco lodgings. Recent surveys by trade associations such as Partnership Travel Industry Association and online retailers like Yahoo revealed that nearly seventy percent of the tourists are willing to pay extra when it comes to environmental friendly lodgings. These surveys further revealed 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 better understand 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 lack of funds can definitely hamper any efforts to install appliances that comply with the LEEDS standards (Leadership in Energy & Environmental Design). Some experts agree that a trade off may lead hotels into removing free amenities that include little bottles of shampoos, jams and free basket of fruits; all of which are the hallmark of these eco lodgings.
Where have the Workers gone?
The hotel industry 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 one of the primary reasons for low retention rates.
Hotel industry Gurus are already thinking of ways to attract and retain qualified workers by increasing the pay scales and by reducing the long working hours. The top management is now devising constructive methods that will retain the existing workers by sponsoring education and creating attractive career paths.
Mega Hotels
The rising cost of construction and a struggling real estate has prompted hoteliers to deploy the pre-fabricated and cost effective solution in the construction of new hotels. In fact they 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 will include Casinos, shopping outlets and Theatres. The stand alone hotel concept is likely to vanish as the new properties will be constructed as a mixed use development to provide guests with facilities such as 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 savvy traveler
The evolution of internet has given rise to a phenomenon where travelers are becoming ever more demanding. Industry professionals suggest that an increase in a trend, to review properties online, will make travelers less forgiving as they are able to post their travel experiences. Such an overemphasis on web may even lead to stiff competition and price reduction strategies where only large players may be able to survive.
To ward of such threats, the small business owner is now turning towards opening a boutique establishment as an alternate to 70s style motels. Such niche properties are popping up everywhere by advertising a more personalized “home away from home” kind of experience. The introduction of such boutique properties has also given rise to the popular and widely accepted theme of modern hostels. These hostels are keen to provide a clean and safe environment for budget conscious travelers. Their goal is to wipe out the myths associated with cheap motels and dingy guesthouses.
Whatever may be the case, one thing is for sure that constant remodeling of the hotel industry has made it more functional and practical not only for the guests but also for the hotel owners.
Permalink for Hospitality Industry: Hotel Business Current and Future Trends
definition agnostic said,
October 16, 2011 @ 9:58 pm
I just want to tell you that I’m very new to weblog and seriously savored this website. Probably I’m want to bookmark your blog post . You really have perfect well written articles. Thanks a bunch for revealing your website page.
auto approve blog list said,
October 17, 2011 @ 3:53 pm
Great Share! Would you be thinking about exchanging links?
Andera Hedgepeth said,
October 18, 2011 @ 9:30 pm
I think you can name it anything that you want, though I reserve the right to publicly ridicule anything that sounds pro-Michigan, though that will obviously not be a problem for you Vico.
may phat dien said,
October 19, 2011 @ 1:11 am
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
http://www.crafts-store-1.com
shirts and apparel said,
October 19, 2011 @ 3:26 am
Panela@yahoo.com
shirts and apparel said,
October 19, 2011 @ 3:22 pm
hello, nice post. Pleas comment my minimum deposit for poker network.
how to grow hair faster said,
October 21, 2011 @ 9:16 pm
I simply want to say I am just very new to blogs and definitely enjoyed this web site. More than likely I’m going to bookmark your blog post . You amazingly have exceptional stories. Appreciate it for sharing with us your website.
Dexter Launer said,
October 22, 2011 @ 9:58 am
Hey there I am so happy I found your web site, I really found you by accident, while I was looking on Aol for something else, Nonetheless I am here now and would just like to say kudos for a remarkable post and a all round thrilling blog (I also love the theme/design), I don’t have time to read it all at the minute but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the awesome work.
kindle fire said,
October 22, 2011 @ 5:41 pm
Good post. I be taught one thing tougher on completely different blogs everyday. It is going to always be stimulating to read content from other writers and observe somewhat something from their store. I’d desire to use some with the content on my weblog whether you don’t mind. Natually I’ll provide you with a link on your internet blog. Thanks for sharing.
http://www.formp3player.com
Blog Directory said,
October 22, 2011 @ 6:38 pm
whoah this blog is excellent i really like studying your posts. Stay up the good paintings! You understand, lots of persons are hunting around for this information, you can aid them greatly.
mmax media said,
October 22, 2011 @ 7:01 pm
Wow, fantastic blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your web site is wonderful, let alone the content!
Men's Billy Embellished Jean High Plains Dark said,
October 23, 2011 @ 5:47 am
Its like you read my mind! You seem to know a whole lot about this, like you wrote the book inside it or something. I think that you’re able to do with some pictures drive an automobile the message home a lttle bit, but instead of of which, this is fantastic blog site. A fantastic read. I will certainly possibly be back.
Vanna Ayars said,
October 23, 2011 @ 5:57 am
Nice one Bojan
thanks!
Lawn Care Bloomington Indiana said,
October 23, 2011 @ 9:56 pm
Maybe Im just getting old but it seems to be getting shorter and having less impressive people in it.
PNC Online Banking said,
October 24, 2011 @ 4:26 am
I have been surfing online greater than three hours these days, yet I by no means found any fascinating article like yours. It is pretty value sufficient for me. In my opinion, if all webmasters and bloggers made just right content material as you probably did, the internet can be a lot more helpful than ever before.
Rose Rollins Weight said,
October 24, 2011 @ 5:16 am
Thanks. It looks like an interesting film. Maybe I can watch it this weekend, but I think my boyfriend wants a break from all these movie nights
kindle fire 2011 said,
October 24, 2011 @ 5:11 pm
Spot on with this write-up, I really suppose this web site wants much more consideration. I’ll probably be again to learn far more, thanks for that info.
http://www.perfumefor.net
laser hair removal said,
October 25, 2011 @ 4:30 am
For me, there are a few real stand out names. I loved Shearer for his devotion and his goalscoring abilities. I loved Gary Speed for his nitty gritty work and for being a model professional to those around him. But my absolute favourite has to be Philippe Albert. He was such an amazing player. Although he was occasionally caught out in defence, his ability to pick out a pass and to bring the ball out of defence was great during the 90s near-glory days. And being that I was a youngster at the time, playing in defence for my schools team, Albert was a player I used as inspiration.
Schlüsselnotdienst Berlin said,
October 25, 2011 @ 10:20 pm
Certainly not the winningest coach in history, but quite a career he had.
dart flights said,
October 26, 2011 @ 1:55 am
but we already knew that when bonds wouldnt use them and they destroyed lowrys career
dart boards said,
October 26, 2011 @ 3:30 am
…………….so……when exactly are these simulations going to occur………….? Anytime soon?
advanced driving course said,
October 26, 2011 @ 7:42 am
My spouse and i have been thrilled Albert managed to conclude his researching out of the precious recommendations he acquired from your weblog. It is now and again perplexing just to find yourself giving freely tips and hints that other people could have been selling. Therefore we fully grasp we need you to be grateful to because of that. These explanations you’ve made, the simple site menu, the relationships you aid to engender – it is many wonderful, and it’s really letting our son in addition to the family feel that the subject matter is fun, and that’s quite serious. Thanks for the whole thing!
GE Premium Web Directory said,
October 26, 2011 @ 4:44 pm
you are in point of fact a good webmaster. The website loading speed is amazing. It seems that you are doing any distinctive trick. Furthermore, The contents are masterpiece. you’ve performed a fantastic process in this subject!
Maragret Hallman said,
October 27, 2011 @ 11:05 am
This post has no connection to the issue, but anyway I thank you for trying to add insult to the injury
Marielle Tucek said,
October 27, 2011 @ 9:47 pm
certainly like your web-site however you need to test the spelling on several of your posts. Many of them are rife with spelling problems and I in finding it very troublesome to tell the truth however I will definitely come back again.
electric cigeretts said,
October 28, 2011 @ 2:56 am
This chick is crazy. Shes so beautiful
social marketing said,
October 28, 2011 @ 1:51 pm
I would like to use the opportunity of saying thanks to you for the professional suggestions I have constantly enjoyed browsing your site. I’m looking forward to the particular commencement of my university research and the whole preparation would never have been complete without coming over to your web site. If I could be of any assistance to others, I might be delighted to help by way of what I have discovered from here.
hermes equipment 2010 said,
October 28, 2011 @ 3:15 pm
After research just a few of the blog posts in your website now, and I actually like your method of blogging. I bookmarked it to my bookmark web site list and will be checking back soon. Pls check out my website online as nicely and let me know what you think.
Daily residual cash income said,
October 28, 2011 @ 9:10 pm
Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed surfing around your blog posts. After all I will be subscribing to your feed and I hope you write again very soon!
suntrust online banking said,
October 29, 2011 @ 4:02 am
We would like to thank you just as before for the gorgeous ideas you offered Jesse when preparing her post-graduate research as well as, most importantly, pertaining to providing each of the ideas in one blog post. Provided we had known of your website a year ago, we might have been kept from the pointless measures we were participating in. Thank you very much.
suntrust online banking login said,
October 29, 2011 @ 7:13 am
you are my intake , I have few web logs and infrequently run out from to brand : (.
Delmer Mcgrue said,
October 29, 2011 @ 12:34 pm
Would you be considering exchanging links?
seo service uk said,
October 29, 2011 @ 8:37 pm
Lovely just what I was searching for.
mieszkania poznan said,
October 29, 2011 @ 11:41 pm
I’m curious to find out what blog system you are utilizing? I’m having some minor security problems with my latest blog and I would like to find something more safe. Do you have any solutions?
Frieda Lat said,
October 30, 2011 @ 10:24 am
backyard water features…
crib mattress said,
October 30, 2011 @ 2:40 pm
Great article
business said,
November 1, 2011 @ 11:16 am
Like to more dealing with other topics.
Raymond Guedea said,
November 1, 2011 @ 1:54 pm
The pictures in your posts have more meaning than its description
Calcaneal Spur said,
November 1, 2011 @ 2:29 pm
I don’t ordinarily comment but I gotta say appreciate it for the post on this great one : D.
eco products said,
November 1, 2011 @ 8:33 pm
some really superb articles on this website , thanks for contribution.
targeted web traffic said,
November 2, 2011 @ 6:01 am
HELLO, BUSH IS GONE. I guess you dont get it. There is blame to go around starting back in the 1930s. WE HAVE A CONSTITUTION AND A DECLERATION OF INDEPENDANCE NOT TO INCLUDE THE BILL OF RIGHTS. They have been trampled on by many administrations, but sir unless you get your head out of the sand this OBAMA YOU SPEAK OF HAS TRAMPLED HARDER AND FASTER THAN ANY OTHER ADMINISTRATION IN HISTORY OF THIS COUNTRY. FIGHTING FOR OUR CONSTITUTION UNITED WOULD BE A BETTER START THAN WRITING TO PLACE A BLAME OR DISTINGUISH A PARTY
James Starrs said,
November 3, 2011 @ 5:53 am
Nice work for putting this up, I’ve been searching for weeks of this.
new zealand visa consultant in adelaide said,
November 3, 2011 @ 1:53 pm
I simply couldn’t go away your site prior to suggesting that I extremely enjoyed the standard info a person supply on your visitors? Is going to be back incessantly in order to check up on new posts.
Judson Shinsel said,
November 3, 2011 @ 7:21 pm
I like this blog its a master peace ! .
Modern Vapor Reviews said,
November 3, 2011 @ 7:23 pm
Super share it is definitely. I have been awaiting for this update.
How can i make my hair grow faster said,
November 3, 2011 @ 7:49 pm
hi. I see that you are interested in how to make hair grow faster
Suntrust Online Banking said,
November 3, 2011 @ 7:53 pm
I will right away take hold of your rss feed as I can’t find your email subscription hyperlink or newsletter service. Do you have any? Please allow me recognize so that I could subscribe. Thanks.
ebook free download said,
November 3, 2011 @ 8:50 pm
I just want to mention I’m newbie to blogging and truly liked your blog. Likely I’m want to bookmark your blog post . You definitely have very good article content. Thanks a bunch for revealing your blog site.
Where to Buy Backlinks said,
November 4, 2011 @ 5:23 am
I have not checked in here for a while because I thought it was getting boring, but the last few posts are really great quality so I guess I will add you back to my daily bloglist. You deserve it my friend.
Fire Table said,
November 6, 2011 @ 5:35 am
It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I want to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I want to read even more things about it!
100 mortgages for first time buyers said,
November 6, 2011 @ 7:10 am
Valuable information and also excellent model you got here! I would just like to thank you for sharing your thoughts and also time in the stuff you post!! Thumbs up
Stanley Clark said,
November 6, 2011 @ 12:46 pm
Hey there, You’ve done an incredible job. I’ll certainly digg it and personally suggest to my friends. I’m sure they’ll be benefited from this website.
Philosophy said,
November 6, 2011 @ 1:49 pm
Thank you for the good writeup. It in fact used to be a leisure account it. Look complicated to more added agreeable from you! By the way, how could we communicate?
eppicard online said,
November 6, 2011 @ 8:55 pm
Best wishes for a incredibly apparent and beneficial publish. I’m positively a violator of lots of these procedures. I normally acquire myself personally conflicted when producing a blog post because I see myself composing greater than folks would like to study, but I think that I have got to do the subject matter proper rights by totally protecting it. I really feel that by subsequent some of these policies I stop up chopping out critical factors for the dialogue. I guess you have to discover a stability.
Shenna Haddow said,
November 7, 2011 @ 12:06 am
Hey there just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Firefox. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design look great though! Hope you get the problem fixed soon. Kudos
Elicia Bottone said,
November 7, 2011 @ 7:07 am
I would suggest the owner of the site create like a forum or something so we can all share our ideas!
botanical slimming soft gel reviews said,
November 7, 2011 @ 1:46 pm
I do not even understand how I finished up here, but I thought this post was good. I don’t realize who you might be but certainly you’re going to a well-known blogger if you are not already Cheers!
Lincoln Sterrett said,
November 7, 2011 @ 6:49 pm
I think one of your advertisements caused my web browser to resize, you may well want to put that on your blacklist.
Alejandro Toothman said,
November 7, 2011 @ 6:51 pm
woh I am thankful to find this website through google.
acapella said,
November 7, 2011 @ 9:22 pm
I’m extremely impressed along with your writing abilities and also with the layout for your blog. Is this a paid topic or did you customize it yourself? Either way keep up the nice quality writing, it¡¦s rare to see a nice weblog like this one today..
Cleveland Crocker said,
December 1, 2011 @ 12:03 pm
This is not what I wanted to be read from you, since it can be helped, I will say this post is nonsense