We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Hospitality Industry Swott - Essay Example

Comments (0)
Summary
Hospitality industry SWOTT Dear Customer, Ignore the introduction if it is not needed in your requirement. Thank you Introduction Presently, a number of factors including the uneven recovery from the global economic crisis and diversion of national development agenda from tourism has resulted in a situation whereby the rapid growth that was previously associated with the hospitality industry seem to be dwindling…
Download full paper
GRAB THE BEST PAPER
Hospitality Industry Swott
Read TextPreview

Extract of sample
Hospitality Industry Swott

Download file to see previous pages... One of the ways is having a reflection at the SWOT analysis of individual hospitality destinations and basing on the analysis for make informed and forecasting decisions for the future. I. Future As noted in the introduction, the agenda for which a lot of people travelled has now changed (Hotel Managers Group, 2011). Today, people travel for business purposes more than for leisure and holiday. As a way of meeting the future challenge and this new changing trend, hospitality agencies has to open itself up more to target major companies who would need their facility for business meetings. If this should happen, the implication to hospitality agencies for the future is that their traditional role of accommodating visitors overnight would have to change. Though the giving out of conference rooms and other facilities for meetings was originally part of the traditional role of hospitality companies, the latter would now have to take the fore front in commanding income and revenue. In order to utilize this changing trend well, managers are admonished to focus more attention on making their meeting outlets, receptions and services more improved and advanced. Even though people travel less for tourism purposes of late, patronage of leisure activities such as the use of casinos keep rising (McCain, 2008). Because of this, hotel managers are advised to consider as future innovation, the need to incorporate the operation of casinos into their services. This is because once casinos are added there will not be the need to attract only foreign visitors but domestic users as well. It would also make the overall functionality of the hospitality facilities expanded (Knowles, 2009). Knowing what the future would hold for their company if they invested more in casinos, it was reported that “Asia’s third largest casino company is paying $236 million for the 14 acres of waterfront land surrounding The Miami Herald” (Miami Herald, 2011). Other hospitality companies are admonished to make such moves for the future of their businesses. II. SWOT Strength A major strength for the hospitality industry is that it represents a very large portion of the American labor force. For instance there are figures like 12.7 employed workers in restaurants, 50,000 operating hotels, over 4.6 million hotel rooms and 1.8 millions employees in lodging industry (NDSU Fact sheet index, 2011). The implication of these statistics to insiders of the hospitality industry is that they can always have readily available human resources to take up duties. It is recommended that as rapidly as possible, the human resources be given needed training and upgrading that will make advanced human capital for the merging markets of tomorrow. Weakness Ironically, the weakness of the hospitality industry is directly associated with its strength. Unfortunately, even though the industry employs a lot of human resource, the pay for the industry is relatively low. This situation creates employee turnover, which eventually affects the successful management of businesses. There is however a way out to this. It is ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
BUS 475Strategic Plan, Part II: SWOTT Analysis
HBR is immensely dedicated to providing its customers with the highest quality of wellness and beauty services. Health and Beauty Rejuvenate consists of individuals who uphold quality rather than quantity, thereby providing customers with quality services.
6 Pages(1500 words)Essay
Career in Hospitality Industry
Out of all the areas of the hospitality industry, amusement parks are one of the most popular among the people, irrespective of the age group. Amusement parks or Theme parks contain many entertainment attractions including a collection of rides. Even though most of the amusement parks are run in a fixed location throughout the year, there are still few temporary ones.
4 Pages(1000 words)Essay
Hospitality Industry and ITC
The results after application of IT has also discussed. The development of Internet and Intranet in context with the hospitality industry is also an issue. The case studies of different hotels are also showing the application of IT.
6 Pages(1500 words)Essay
Hospitality and Tourism Industry
According to Smith (2003) "there is wide acceptance that sustainability is one of the most important issues faced by the tourism industry. This acceptance is reflected in the proliferation of publications attempting to define the principles and practice of 'sustainable tourism' and to relate them to the concerns of 'sustainable development'".
8 Pages(2000 words)Essay
Hospitality Industry Essay
Growing shortage of skilled and qualified employees along with escalation of construction and renovation cost were two of the major issues discussed in ISHC. Followed by were the difficulty to keep up with the rapidly changing technology, Changing demographic and their impact on travel trends, considering the future of Hotel profits with balancing escalating expenses with the need to increase rates, Mitigating consumer confusion over brand proliferation and investor concerns over cross brand impact, Keeping up with rapidly changing playing field, And their impact on the travel industry, the changing travel patterns, issues in capital availability are the other aspects in the top ten issues (
12 Pages(3000 words)Essay
The Contemporary Hospitality Industry
However, we generally think of the hospitality industry as including accommodations, restaurants, entertainment, tour and transportation services. In the UK this industry has become extremely important, topping a billion pounds sterling this year, and the
16 Pages(4000 words)Essay
Hospitality/Lodging/Tourism Industry
In general, there is a strong correlation between having a good economic performance and the increase in the revenue of hospitality, lodging, and tourism industry. Since there has been an increased in the market
7 Pages(1750 words)Essay
Hospitality Industry Management
Substitutes deal with the RFM (customer value) analysis that attempts to comprehend how customers react to new products (Wearne and Morrison, 2011, 111). This is supported by the bargaining leverage that
2 Pages(500 words)Essay
Hospitality industry
This equates to 2.9% of total GDP as a direct contribution. Moreover, the tourism sector employed over 100,900,000 individuals, which translates to 3.4% of total
4 Pages(1000 words)Assignment
Hospitality industry
It can also be defined as the business of providing entertainment, restaurants and hotels, etc. for persons travelling. Inbound tourism is the act of not - residents travelling in a different country that is not their
4 Pages(1000 words)Essay
Let us find you another Essay on topic Hospitality Industry Swott for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us