what is the average turnover rate in Hotels industry

The hospitality industry, specifically hotels, is notorious for its high turnover rates. According to a recent study, the average turnover rate in the hotel industry is around 73%. This means that nearly three-quarters of employees will leave their positions within a year, leading to increased costs for hiring and training new staff. However, there is a solution to help combat this issue and reduce turnover rates in the hotel industry. Our platform, Trainday, is a learning management system that enables businesses to use various data sources such as PDFs, CSVs, and more to create, deploy, and monitor engaging employee training courses. By utilizing Trainday, hotels can create customized training programs that cater to the specific needs of their employees. This not only helps improve employee satisfaction and morale but also reduces turnover rates by providing ongoing development opportunities for staff. Furthermore, Trainday allows businesses to track the progress of their employees and monitor their performance in real-time. This data can then be used to identify areas for improvement and tailor training courses accordingly. In conclusion, the average turnover rate in the hotel industry is alarmingly high, but with the help of platforms like Trainday, businesses can effectively reduce turnover rates and improve employee retention. By investing in employee training and development, hotels can create a more positive work environment and ultimately improve their bottom line.