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Hospitality Industry - Essay Example

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The international society of hospitality consultants (ISHC) have discussed over 100 issues to find out the top ten issues of the hospitality industry. Ultimately, the following Top Ten Issues were identified as ones that can be expected to potentially have the greatest impact on the industry in 2007…
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Hospitality Industry Essay
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Hospitality Industry

Download file to see previous pages... Hotel Line Special Report 2006).
As the time changes, even the hospitality industry has changed a lot for the better. While many of the issues have been effectively dealt with, a number of new asking issues have come to the scenario. A person lacking in a skill is likely to be less productive than someone who possesses such a skill (Frogner 2002). The problem of creating and maintaining a loyal and skillful work load is always a challenge for all the business owners around the world.
It has been anticipated that all the aspects of construction and renovation cost will continue to keep on increasing. 'It was mainly because steel prices experienced a 48.8-percent increase in 2004, which was preceded by significant increases in scrap iron and steel prices in 2002 and 2003. Steel prices held steady in 2005 but jumped again in 2006 through 2009. They are expected to increase again in 2010 and beyond as demand for steel from construction projects in China and India increases. Scrap iron and steel prices have increased approximately 20 percent in the past twelve months' (Hotel Line Special Report 2006).
Hospitality management systems have evolved into sophisticated, well integrated, multi- discipline tools capable of helping properties of all types and sizes attract more guests, generate more revenue and reach much-improved levels of efficiency. But still, in the certain areas of the world the main technological factors of the hospitality industry completely have to depend on outsourcing facilities which at times turns out to be more complex operations. This phenomenon is mainly ...Download file to see next pagesRead More
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