Factors Affecting The Hospitality Industry

(FRENT, C. (2016)) While tourism can positively impact economically speaking, there can also be a negative economic impact. Prices will inevitably inflate. The cost of food will rise which unfortunately negatively affects the people who live in that community. The resources that the hotel requires will be taking away from other things that could have used those resources. For example, governmental support for the infrastructure could take away resources from more important areas such as health and education. (UNEP, 2016b, FRENT, C. (2016)) The California Area School District should not suffer over a new hotel that is not needed in the first place. An important factor to think about is that people do not want to depend on tourism to keep their community economically stable. (FRENT, C. (2016)) The main reason for this being, the tourism industry is not fully reliable. In order to have a tourism industry, tourists are needed to fill hotel rooms. Many factors affect this such as the income of the traveler. When pay cuts, lay offs, and unemployment affect people, they simply will not have the extra cash to take a vacation and put their money into tourism. It is said that relying on agriculture is the safer bet because people will always have the need to eat. (FRENT, C. (2016)) The median household income in 1999 in

This assignment will be a critical review of a journal titled: “Do your internal branding efforts measure up? Consumers’ response to brand supporting behaviours of hospitality employees". In order to critically review this journal, the text will be analysed to gain a further understanding of the purpose of the article, what methods the author has used to address the issues, the outcomes of the research and finally the strengths and limitations of the article; specifically, in comparison to other articles that are centred around the topic of branding in regards to the hospitality industry.

Over the years, the lodging industry has seen its share of tough times.There were many tragic events all over the world. Some tragics were 9/11 terrorist attack,Hurricane Katrina, Great Recession,Gulf of Mexico oil spill, Earthquake in Haiti,Tsunami in Japan,Boston Marathon bombing, Ebola,the Paris attack,Zika virus,Madrid bombing,London Olympic bombing and many more. Those tragic events had a huge impact on the financial performances of hospitality and tourism business.One tragic event that effected the hospitlaty and toursim buisness was The Great Recession. The Great Recession which officially lasted from December 2007 to June 20.It began with the bursting of an 8 trillion dollar housing bubble.During the recession the hotels has been

Changes in the macro-environment today that could have effects on the Hotels, Casinos, and Resorts industry would be political things with the recent election of Donald Trump as president. This could have a somewhat negative effect on the industry because of the economic factors that come into play after an election. We saw that during the election, there was a big drop in the stock market, which is somewhat expected, but also a sign of fear. People are starting to fear that another housing bubble is in the making and when this bubble occurred and burst from 2007 to 2009, we faced a major economic recession that greatly affected the Resorts industry. After the recession, we saw a revitalization of the Resorts industry and it once again became a booming industry, especially in Las Vegas. As for now, things continue to be normal and nothing at this very moment seems to be taking place in the macro-environment that is making big positive or negative impacts on this industry.

Over the last few years, unemployment rates in hospitality industry in south east Spain has continued to grow despite the industry registering increase in the number of tourists arriving in that region. This has resulted in socioeconomic problems that cause stress to the economy and the country at large.

Kusluvan (2003) in his study on “Managing employee attitudes and behaviors in the tourism and hospitality Industry” advices-

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

Tourism and hospitality industry is the leading service industry worldwide in terms of gross revenue and foreign exchange earnings. Also it is one of the among major employment generators across globe.

I had chosen Hospitality Management because every time you go to work you’re making someone's day

Tourism is a massive industry in New Zealand. It has a major consequence on the rest of the economy from the employment it provides to a major percentage of the workforce (9.6% of the total workforce in New Zealand), thereby contributing to the Gross Domestic Product (GDP).

Hospitality jobs, which include hotel jobs, resort jobs, restaurant jobs and other food service jobs, require constant positive interaction between individual employees and guests in order to establish a connection that will keep the business thriving (Wang, Y. (2010). New trends in management have swept through the international hospitality industry in recent years and some have left without a trace while others have shown more staying power. Whether it be total quality management, employee empowerment, or re-engineering, each new management shares a common element. The main yet rapidly changing role of the manager in implementing change, facilitating employee performance, building effective teams, and assuring delivery of quality goods and services to the public(Wang, Y. (2010). The hospitality industry 's employment base is the largest of any industry in the private sector in the USA. It surpasses the agriculture sector and the auto, electronics, steel, and textile industries combined in number of people employed. The hospitality industry worldwide employs over 255 million people. Within the USA, the hospitality industry employs over 13.9 million people, or 11 per cent of the working population. Hotel employee turnover is a well-documented problem in the hospitality industry with reported turnover rates ranging from 31 percent to 43 percent to 58.8 percent in the U.S. (Ziegler, H. (2015). Turnover in the hospitality industry is reported to be "nearly twice the average

With globalization and increasing interconnectedness between countries, today’s organizations operate in a rapidly changing environment which is fraught with complexity and uncertainty. Factors such as increasing diversity among culture, people and nations is impacting global organizations.

As a student, technology is an excellent source of information. This research gives us knowledge about the advantages and disadvantages of technology in hospitality management, this helps me in my other subjects especially I’m a student of Hospitality Management course. I learned from my research that technology doesn’t always have positive effect but it also have it’s negative effects, technology is suitable for hospitality management because it is the easiest way to socialize through internet. I think this will further enhance the hospitality management few years from now.

Hospitality industry is very important in the world. It provides services and as well as demonstrating consistent excellence quality. The hospitality industry includes the hotel and motel, or lodging, food services, recreation services, and tourism. Consequently, hospitality industry prepares variety of job vacancies for people to work in different areas of interest, such as restaurant and bar, accommodations (hotel, motel, resort…) or theme park and others. This day, the development trend of tourism is very fast and it is a multibillion-dollar industry that depends on the availability of leisure time and disposable income. So, the hospitality industry brings a lot of foreign exchange to a country. Therefore, a country has more

The paper presents an analysis of the different factors influencing the restaurant industry and how these factors increase or decrease the demand for such services. The hypothesis that will be examined is that the performance of restaurants is mostly based on the type of food chosen by customers when they decide to go out for dinner, lunch, breakfast, or simply for a snack. What type of food refers mainly the nationality or concept of the food, (traditional American, Italian, Indian, Latin, or from any other type of culture). This factor is important because when customers go out to for dinner; they decide what to eat before deciding where to eat. That is why this factor is considerably important according to the hypothesis.