| | AUGUST 20258Whenever we talk about a vacation the first thing comes to our mind is the staycation or the place for staying, during the vacation. Hotel industry is one of the luxurious and profitable businesses of all the time with recent profit percentage of 25-40 percent EBITDA margins. With the passing time there has been a sea change in the concept of hotels, as hotel industry is mainly service oriented industry so customer satisfaction is the top most priority in the list. Hoteliers have to work round the clock to maintain their position in the business.As new technologies are booming every now and then, hotels have to cope-up with the new trends otherwise their graph will show a downward path. After the thrashing effect of the pandemic this industry came to a standstill as everybody was celebrating quarantine sticking to their dwellings.After 2021 people started moving around and from then the graph of the hotel industry started shinning.In this corporate world where people needs to sit long hours in their offices, they always desire for an escape from this time-poor life and take the best use of their vacation staying in luxurious hotels which is idyllic in nature having all the facilities one needs for a lavish stay. Where the luxury comes with exclusiveness being in the lap of nature nobody asks for more. Here the concept of boutique hotels comes into play. Boutique hotels are the one-stop solution for your gateway to the kingdom of utmost comfort with lavish life.Historical BackgroundThe concept of boutique hotels appeared back in 1980s in the paramount of European and American cities like London, New York, San Francisco, and Italy. Eminent hotelier Ian By Sreejita Talukdar, Content Writer, Homes IndiaBoutique Hotels: Uplifting the Standards of Architecture
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