Globalization of the Hospitality Industry

Thirdly, globalization has also effects on human socially, in their cultural and way of thinking. As countries always need to corporate with each other when they do some investment or business together, as neighbors engage in communication to determine their shared goals, and how they wish to live. Therefore globalization allows humanity to work together as a team towards noble goals rather than as individuals grasping to meet their own needs. Countries can bond to each others more closely. This way, interacting between different races and religion facilitates and we can understand

The risk that comes with globalization connects between countries, culture and businesses. In today’s society, managers have more to deal with as the idea of outsourcing and cultural differences have made things a bit complex for the parties involved. Some companies might feel going to different countries for business could become a liability. For instance, if a U.S. company goes to Japan, events like the Japanese 9.0 magnitude earthquake that killed 20,000 people could cost them. This limitation of globalization effects everyone involved. Supply chains around the world were disrupted from the manufacturing plants being shutdown. In addition to natural disasters, there are also political, economical and financial risk to consider. However, a positive aspect of globalization is that is creates jobs for the economy. For those who couldn’t work due to the lack of jobs already in their country, they can now earn money to feed their families and establish a working class.

The hospitality and leisure industry hug a variety of sectors and businesses across hotels, restaurants and restaurants, travel and tourism, gaming, sport and leisure. The sector is reliant on the consumer confidence and business sentiment and is facing rising pressure to deliver innovation, value and quality. Hospitality is that business that helps people to feel welcome, relaxed and to enjoy themselves. It is all about customer service and providing the best quality and experience possible for the customers. (Discover Hospitality, 2012)

Globalization impacts every area of American life: from the products we buy to the way we do things. One of the ways globalization affects individual communities is by making those communities more diverse. Globalization makes the migration of people, as well as products and stores, more possible. There are some negative aspects of globalization. For example, globalization makes it more likely that we will see less variety of stores. The proliferation of the same stores in every neighborhood, even throughout the world, makes for a more homogenized society. I see a Starbucks everywhere, as well as McDonalds. One impact of globalization that has both pros and cons is that English has become the predominant language. English enables people from different countries to communicate, but it also means that people in the English speaking countries have an advantage.

The Economy is also affected by Globalization both negitively and positivley with globalization in the economy companies can produce goods in the country that will produce it for the lowest fee, the downside is it can create a loss of jobs and ship them elsewhere. Another big one that Globalization affects is Politics, some use globalization to mean “the creation of a world government which regulates the relationships among governments and guarantees the rights arising from social and economic globalization”. The united states has been the lead political power in politcal globalization. Globalization can affect the world in many Different ways both negitively and positively. Terroism also affects the world today in a major way, there are many types of terroism such as state terroism, political terroism, non-polital terrroism, civil disorder,Religious terrorism ect. The most well known terrosit attack is “9/11” in which 4 terroist in 2001 ran two commercial airplanes into the Twin Towers killing hundreds even thousands of people instantly and years down the road. “9/11” is a great example of terorism that affects the world economically, politically and

Globalization also changes the way the environment and population will affect us. If someone else damages their environment or if their population becomes too large, it will increase demand (price) for resources and spread the consequences to us. A globalized economy makes it more necessary for America to get involved in other countries. I have mixed feelings about how much we should be involved in other countries and haven’t fully made up my mind on the

As we know it each country possesses its own culture, technology and production. Due to the geographic region they are located; they produce different kind of product. In the past it was difficult and costly for a country to consume and enjoy other country goods and service, but the globalization have change the situation. It bring a lot of change and advantage, and the change sometimes have negative impact on society, culture, economy, politic, technology and social life of the people of a nation.

Globalization is far reaching in this day and age. Globalization is the worldwide flow of goods, services, money, people, information, and culture. It leads to a greater interdependence and mutual awareness among the people of the world (Tischler, 2011, 2007, p. 430). One non-Western culture that has been impacted by globalization is China. An example of the impact of globalization on China is their economy. Since joining the World Trade Organization, China has transformed from a culture that relied on economic self-sufficiency and shunned the thought of globalization to an economy that is progressively more open to trade and foreign investment.

According to Dictionary.com, the definition of globalization is “to extend to other or all parts of the globe; make worldwide” (Dictionary.com, 2008). Globalization can have a huge impact on the four functions of management. In order to achieve success, a company must have a plan or goal set in action. Once a company decides to go global, it has to decide its market. For example, Disney has over 25

The other component that globalization greatly effects is culture. There is an exchange and spread of ideas such as religion, music, food, and traditions within different cultures. Globalization has increased the spread of popular culture easily and efficiently from the developed countries of the North throughout the world. Many media markets in undeveloped countries are saturated with productions from the Northern developed countries. Many have tried to silence the cultural expression, but due to the large globalization of our world the values and cultural taste are underway in the globalization process.

As is evident from the preceding discussion, globalization has greatly affected the culture of all nations worldwide. Some of these are discussed below:

Globalization offers industries many ways to increase their profits. Since businesses and corporations have access to a wider range of potential clients, they have a chance to increase profits. Global competition also

There has been a great deal of discussion in recent years about globalization, its impact has been both praised and criticized. Globalization is defined as the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications. I believe the technological advances have had a positive impact on globalization. The use of cellular/mobile phones and the internet have allowed easier access to conduct business anywhere in the world.

1).The relationship between Hospitality and Tourism: Tourism and hospitality go hand in hand, the hospitality industry offer services like accommodation, transportation, food and beverage, recreation and leisure. Tourism is the activity by the tourists where they engage in travelling to destinations where they want to experience recreational and leisure activities and most of the time avails of accommodation, food and beverage. The hospitality industry is the supplier of the services for tourism. The meaning of hospitality is providing a safe and enjoyable environment for patrons. It also means responsibly serving liquor, to ensure that patrons do not become unduly intoxicated and subsequently a problem for management, staff and the

Trade, foreign direct investment, and financial capital are three positive effects of the global economy. An example of economic globalization is, when major trades of goods are being transported from country to country. Some practices made by large transnational corporations have a negative effect. With the lowering of market costs, global scope, brand image consistency, quick and efficient use of ideas, and uniformity in marketing practices, globalization can be have a beneficial effect. In brief, the global spread of some values, beliefs and practices have negative and positive effects on the people and their cultures.