Traveling and hotels can be costly, especially when you factor in fuel prices. These prices add up to a huge bill and can put a damper on a vacation. As a result, many travelers cut their expenses or opt to drive instead of flying. Although the industry has become more diverse in recent years, there is still work to be done. To ensure that the travel industry is more representative of the communities it serves, companies can begin by seeking out diverse talent and developing an employer brand that attracts diverse service leaders.
Cancellation policies for traveling and hotels
Cancellation policies for hotels and traveling are outlined by the hotel or travel provider. These policies may vary depending on the type of booking, and may be different for different locations. Some hotel cancellation policies may require full payment at the time of booking, while others may allow you to make a change. In either case, a written cancellation notice should be kept.
Influence of E. M. Statler on the hotel industry
Ellsworth Statler was born in poverty and showed a natural entrepreneurial sense early in his life. He became a bellboy at a hotel at age 13 and soon began to develop an insatiable curiosity about the hotel industry. His enthusiasm helped him earn promotions and higher responsibilities, and his innovations helped improve hotel profits. For example, he convinced a hotel owner to add a railroad ticket counter.
Eco-certified hotels
When traveling, it’s smart to choose hotels that follow the principles of sustainability. The “Eco-certified” symbol is a way to ensure that a hotel is committed to the environment. The certification is given by independent organizations such as Green Key. To be eco-certified, a hotel must meet a strict set of standards.
Location
Location is one of the most important factors when choosing a hotel. It connects the user with the different activities happening in the surrounding area. Nearly all of a traveler’s activities depend on where they are staying.
Inflation
The cost of fuel is a factor in increasing inflation. On Thursday, the average gallon of gasoline cost $3.41, up from $2.12 one year ago and $2.33 a month earlier. This means that gas stations will have to raise their prices to compete and stay in business. Professor John Horn, an economist at the Olin Business School of Washington University in St. Louis, says that the future of inflation in the travel industry will be determined by the cost of gasoline, business travelers and hotel prices.
COVID-19 virus
The COVID-19 virus has been the cause of a global outbreak, affecting many countries, travelers, and the entire hospitality industry. Mixed political responses have also contributed to the hardships experienced by the industry, communities, and individuals. These events have shifted expectations and created new opportunities for management, including incorporating innovative ideas into their strategies.