The Positive And Negative Effects Of Globalization In The Hotel Industry

Everybody can travel around the world because of transportation, such as planes, ships, buses, and trains, and lots of accommodation, such as hotels, resorts, motels, and casino hotels. However, the importance of the casino hotels is growing because tourists can enjoy most activities in the casino hotels. The casino hotel which offers almost everything is the Cosmopolitan of Las Vegas. Many tourists who love gambling and shopping usually visit Las Vegas, so the market place and the economic impact of Las Vegas’ hotels on hospitality industry in the U.S. is significant. “The U.S. can expect 6-8 percent average annual growth in tourism over the next five

Tourism is one of the most international industries. Globalisation is the gradual forging of links between groups and societies until they finally reach around the globe in several directions (Smith, D,2006). Globalization is one of the serious challenges facing managers today. It is critical to develop services that are able to satisfy a highly diverse customer base (Ueltschy et al., 2007) Now to keep up with the rising levels of globalization in the hotel industry, there’s a need to understand not only the positive, but also the negative impacts of globalisation. I’ll also talk about the growth and rise of one of the most respected brands in the hospitality industry - the Hilton Hotels. Throughout the evolution of this famous organization, the Hilton has

Hotel is a diverse workplace, that means it will bring different people all work together. People have different ethnic backgrounds and cultures work with each other into a productive group. Diversity in a company provides different perspectives in decision making, and have more client base. Furthermore, the best hospitality organizations have a quality culture, and a great leader in hospitality always focus on seeking the best way to creating an equitable work environment for employees, which combining professional workplace from a range of culture and different backgrounds can work together by welcoming. Diverse teams in the hotel industry by pulling all the culture element together, business success become unavoidable.

One of the core tenents to running a business is for a business to make money and to increase in size. As a result of that engaging in activities that increase a businesses capability to make money and increase its size is of great importance. Furthermore, as a result of that focus on increasing the sizes of businesses, globalization has furthered the spread of business. Globalization influences the world economically,

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.

Nations Hotel Corporation is one of the reputed USA based hotel company, with an international presence in 15 countries worldwide. Hospitality industries are quiet competitive in nature and today’s success rule of hospitality includes knowledge, customer satisfaction and operational efficiency which provides pleasure of stay and departure to their guests. Any addition or subtraction in these components can increase or decrease the rating of any organization. Nations Hotel with 98% brand awareness and 72% as customer satisfaction ratio were still far from the race of preferred choice amongst the customers. Hence there, arose a need to

Weaknesses – Changing targeted guests is the biggest weakness and affecting the company in my opinion. 2006 has seen complaints from frequent business guests as the hotel targeted the vacation traveller. Even though the window of opportunity was there due to the travel industry being sluggish those guests that were frequent guests have now gone to another company. Furthermore, the challenges from leading companies have more rooms and properties in the U.S with a great reputation.

The hotel industry is a very hard industry to enter into, due to one of the biggest obstacles, which is brand recognition. Right now there are a few large hotel chains that make a large footprint in the market. It is hard for a new entrant to come into the industry and compete with these large hotel chains without bringing something new to the table. Many large chains in the industry dominate the industry due to economies of scale due to franchising.

Mr Donald Trump is set to become the 45th president of the USA in January 2017 and his views on travel industry have become an intriguing talking point among travelers from across the globe. His rhetoric during the presidential campaign about his non-openness to welcome part of the global population, building a wall across the US- Mexican border, making tougher immigration policies, planing to reverse the historical Cuban travel deals, a total ban on Muslims are few of the things he's poised to accomplish. It surprises me that Mr Trump himself being part of the hospitality industry embraces this type of position. The impact of such methods to the USA tourism has mixed reviews.

a) One of the trends that are occurring in the hotel industry is the increase in construction in certain pipelines and areas. The Spanish influenced countries of Latin America and South America are seeing the largest increase. The increased interest in the Hispanic culture by society is driving many consumers to want to escape to the sandy beaches and the tropical oasis. The other trend is the decrease in the African and the Middle Eastern Pipelines. Much of this can be contributed to the political unrest in these countries that is covered by the media. While many still want to go on vacations to their holy lands for religious purposes or visit many ancient areas of art and documented

Globalization has immense effects on our diverse economy. It is a controversial issue; some say it may mean development and prosperity for our country as it has led to faster access to technology, improved communication and innovation. Others say it has led to the destruction, misuse and overall end to individual cultures due to immigrants and tourism.

The world is moving away from self-contained national economies toward an independent, integrated global economic system. Globalisation refers to the shift toward a more integrated and interdependent world economy (Dutta, 2012). There are two key facets of globalisation which are the globalisation of markets and the globalisation of production. The globalisation of market means that the expansion and access of businesses to all over the world to reach the needs of the customers internationally. And the globalisation of production means firms source goods and services from locations around the globe to capitalise national differences in the cost and quality of factors of production like land, labour, and capital. In which companies can lower their overall cost structure and improve the quality or functionality of their product offering. The rapid development of international economic integration and globalization has led to significant changes in hospitality industry. Therefore, it is necessary to dwell on different aspects of globalization as the process influencing the current and future developments in hospitality industry.

Hotel business should undergo necessary changes periodically to sustain in the dynamic business market environment. In this change Process for any organization human aspect i.e. employees play a vital role. It implemented change in process to adopt modern day business culture for being competitive in the market.

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

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