The Impact Of Service Economy On The Hotel And Hospitality Industry

Industries emitted a lot of polluted water and also released a lot of polluted air in the environment which made the environment very polluted and that gave birth to the new diseases. Whole economic face of the country was changed. At certain level living standard of people also raised because of large number of products available in the market.

The middle class probably had the biggest positive impact. Due to their small factories or businesses success, the middle class benefited and they made their way to the upper class. As this happened the middle class took advantage of newly affordable items such as furniture and clothing allowing themselves a more comfortable life.

The increasing number of factories led to more and easier jobs (doc. 4). According to document 4, due to the large amounts of machines, working was made easier. This was a positive impact because many people from the working-class got jobs working on the machines which meant people in the working class who didn't previously have jobs now could work in factories.

Economically: Boom in industry, but inflation due to paper money. Socially: Social change in gender roles: women could now be teachers, nurses, factory workers, took over family business.

Society undergoes a major transformation as a result of so many consequences. Firstly the society expanded and the population of the inhabitant increases due to migration and search for jobs from the area of low employment in areas of high employment. Hand work was changed to machine labor and this made women started working in long hours and the rise of child labor, and immigration from the west for greener pasture increased. The rapid growth of factories enables many Americans abandoned farming and went in search for factory jobs which was in demand due to the use of machines. However, this changed the style of living in the society and added a separate class of people known as the

The service sector is “the section of the economy that involves providing intangible services” (Conley, 2015, p. 554). Some examples of intangible services is restaurant work, teaching, or nursing. Intangible services are something that cannot be touched or felt, but there can be tangible proof of the actual service. An example of intangible service with tangible proof would be a teacher who teaches children, but there is proof of the education in the test scores.

The new service economy has positive and negative aspects. The United States labor was once based on agriculture, then manufacturing and has now turned into an economy based on services (Hodson & Sullivan, 2008). Over the years, Americans have gained more capital and with that capital services such as education, health and entertainment have increased. (Worldbank, n.d.) Because service jobs are not based on the use of machines like manufacturing, jobs are continuing to grow in the

This caused a much higher demand of resources and goods, leading to the need for more factory workers. Ultimately, this caused cities to urbanize quickly and populations to multiply. The Industrial Revolution also impacted society as well. Masses of people moved from urban areas to cities built around factories, and created a new middle class of the working class. Overall, industrialization affected the world both positively and negatively.

Our team chose the hotel industry in the United States for our economic analysis. The hotel business has existed since the earliest times, and has influenced the development of the economy since the founding of this country.

Innovation in agriculture, and transportation let to the Industrial Revolution which was created in the Western Europe and spread over to Japan and other regions. This was a big major to population shifts and transformed economic and social system. The had to displaced peasants migration to cities creating work force for factories. One of the most significant effects on the Industrial Revolution was the emergence of the middle class. As the goods get cheaper because of the the cheaper and efficient production of goods, people could buy more of the good, they could buy anything they needed and have money left.

During the industrial revolution there was a lot of impact. Most of that impact was put to two major groups one was the factory workers and the other were the consumers. Most of the people at this time did not get a lot of money and that ended up being a big problem because of the price of all the products from the factories.

On-the-other-hand, today’s Service Industry offers an ever-growing assortment, for instance: a dentist cleaning teeth; the busboy clearing the dishes; private school teachers; cable television linemen; the court stenographer recording your case; the ever-popular dating web sites; the doctor taking out your appendix; the water taxi in the marina and so on. In our free economy, the sale of products creates profits where services create wealth.

There is no doubt that a technological change brings about a social change. The Industrial revolution saw many people displaced from their land, finding work in crowded city factories. Serfdom was abolished and the population shifted from villages to the cities. Strong family ties, self-sufficiency and the right to occupy land were replaced with uncertain tenancy of land, dependency on trade and a weakening of the family unit.

The Hospitality Industry is an industry that relies greatly on the Experience Economy. Today, receiving the product is no longer satisfactory to customers, and they need more than just the product, and that is where the Experience Economy comes into play. In this paper, the Experience Economy will be discussed and described. The discussion includes facts such as the introduction of the Experience Economy by Pine and Gilmore. In addition, an analysis on the impact that the Experience Economy has had on the Hospitality Industry will addressed, incorporating key concepts such as modern management, soft skills, and emotional experience.

With the interference of globalization in the hotel industry, it is inevitable for the hotel companies to meet with different environmental conditions and forced them to study about different management approaches in order to sustain with competing environmental circumstances which would enable them to realize, both negative and positive effects. Since the international trade and business has expanded, there is no doubt that the international linkage is a must. (ZhenJia) Globalization is a procedure that is drawing individuals together from all countries of the world into a solitary group connected by the tremendous system of correspondence innovations. This part of globalization has likewise influenced the HRM in the business universe of today. HR directors today not have to depend in a little restricted business sector to locate the right workers expected to meet the worldwide test, yet today they can enlist the representatives from around the globe. Other than that the viable information based which is being utilized all around today likewise has made HRM a straightforward yet successful undertaking. Along these lines because of globalization to some degree HRM has turned out to be more proficient and powerful, however moderately a basic errand. The most imperative component that these associations are comprised of People, and since HRM is the arrangement of exercises which manages the general population variable present in any association, this change has