Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access SWOT analysis of hotel industry Essay Sample SWOT analysis of hotel industry in this regard can provide a thorough insight to whether or not the industry is contributing towards the achievement of its goals.
Obviously, there are many factors which directly affects the hotel industry. It is true that hotel industry has a primary role and affects some tourists.
The hotel industry is also referred as hospitality industry. This includes lots of features such as theme parks, additional fields, transportation, restaurants, lodging and event planning services. All of the hotel industries earn a great revenue. The hotel industry covers a significant number of organizations with a variety of services such as food services, assistance, and accommodation facilities.
The industry is divided into many sectors, and much work will be involved in it. Sectors like recreation, tourism, food, meeting, events, entertainment, gaming, food and variety beverage, and visitor details. So that is why researchers have created PESTEL analysis helping to know the external factors which affect hotel industry.
Social and environmental part play a significant role equally in strategic management. However, economic factors are divided into legal factors. The political factor refers to Government policy which helps in the economy of hotel industry.
Political Factors The political factors play a major role especially in the economy of the country. The main target of hotel industry is to attract international tourism which will host a variety of different properties.
Remember that hotel industry has a backbone of Government and it is the government support helps to sustain in a competitive world. The government charges great amount of tax on the luxury and star category of hotels.
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Political changes have a direct impact because of Government, especially on hotel industry. Any small step taken by Government will inevitably affect hotel industry. The state Government has to take huge decisions which will support the growth of industry. Take an example of Taj and Oberoi hotel Terror attack; it has substantially dropped the tourism rate.
Economic Factors Economic factors include many factors such as taxation changes, inflation, economic growth, interest rates and exchange rates.
It is best to know that economic change does leave a significant impact on the behavior of the firm. All the capital states or province of every country, own wide number of tourists arriving for the purpose of conferences, workshops, business dealing and another sole purpose.
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However, hotels worldwide try to capitalize the travelers because they bring great amount of money with them accompanied with huge expectations from five-star hotels.
In last years, many guests also pay for the extra services they demand.Hotel industry is a vast sector that is responsible for trillions of US Dollars in revenue. A SWOT analysis of hotel industry is, therefore, paramount.
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We assist organizations, educational institutes and scholars get customized quality research done for minimal costs. Course Overview. The BCS Requirements Engineering course introduces you to the techniques for uncovering the requirements which will lead to a working, cost-effective solution.
With the use of a supporting case study, this course defines the types of requirements, the people involved in the elicitation process, the techniques of requirements analysis and the ways of prioritising requirements.
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We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals. • Provides the top players in the market with their market share, profitability, segments they focus which is required for business and competitor intelligence needs • Contains a brief study of the major internal and external factors affecting Hotels in the form of a SWOT analysis as well as analysis the PEST analysis and Porters 5 force analysis to understand the criticality of the business.