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ges such as regulatory issues, social concerns, competitive issues, and / or demographic and geographic issues associated with managing a restaurant operation in the State of Maryland. The Maryland government has stricter legal policies on food quality control and staffing. The Food Quality Assurance program implemented by the government poses serious threats to the successful operation of restaurant in Maryland. In addition, Maryland regulators have framed burdensome employment laws that would notably reduce the profitability of restaurant operations in the State. In order to address the regulatory issues better, it is advisable for the organization to become a member of the Restaurant Association of Maryland (RAM), which is committed to guiding its members in managing lawsuits and other regulatory concerns effectively. Today’s people are increasingly concerned about social issues like environmental pollution, global warming, climate change, and poor health. It is evident that restaurant operations contribute substantially to greenhouse gas emissions, which is a major issue contributing to ozone layer depletion thereby global warming and climate change. Since modern consumers are really aware of the significance of environmental sustainability, they would not support a restaurant business that does not focus on environmental safety. In addition, today consumers are greatly interested to know how businesses execute their corporate social responsibilities. The organization can address this challenge effectively by becoming a socially responsible corporate citizen. Considering the growing scope of hospitality and tourism industry, many new market players have started restaurant operations, and this situation in turn adds to the degree of competitive rivalry. The organization can successfully handle the issue of intense market competition by emphasizing particularly on innovation and efficiency. Finally demographic and geographic issues also raise some potential
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“Overview of the Hospitality and Tourism Industry Essay”, n.d. https://studentshare.org/tourism/1654709-overview-of-the-hospitality-and-tourism-industry.
97billion each year in England’s economy alone (Visit England, 2012). But it is worth noting that the level of profitability that a tourism company would experience does not come by accident or as a fluke (Colucci, 1998). It takes so much work that is guided by the use and inclusion of strategic marketing principles to attain such heights of profitability.
In a recent news item it was published that “the tourist industry has struggled to maintain adequate demand as people have less discretionary income to afford vacations” (Hotel Managers Group, 2011). The item continued to explain that “this has made it tough for any hotel operator to maintain their profit margins in the face of decreasing growth prospects.” Because of the changing trend in patronage, it has become necessary that hospitality owners seek proactive ways in which they can cater for the future survival of their investment.
Process and Importance of Marketing Audit 16 5. Resources of the Organisation 19 Conclusion 24 References 25 1. The Objectives of Thomas Cook Plc and the Methods Used To Accomplish Those Objectives Tourism is determined to be one of the chief industries worldwide.
The author of this essay critically evaluate the challenges faced by hospitality industry in the territory of Chicago. Also, he/she conducts an analysis of dynamics between different components and critically discuss the essential role played by technology in ensuring the survival of the fittest.
The industry broadly includes categories encompassing lodging, restaurants, theme parks, transportation and cruise line facilities among others. Its importance can also be considered with respect to the fact that the industry has major contributions to the world economy (Akaegbu, 2013).
While organizations strive for excellence, individual managers are often left to unravel the puzzle for themselves and Peacock analyses the tensions between different notions of "success" as they relate to the institutional settings in which hospitality managers work.
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'".
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
This study looks at viability of product and its marketing strategy with emphasis on establishing problems and their answers. Proposed product and its marketing strategy will be put to deliberation in order to assess whether the idea may work or not. Feasibility study is carried out in three domains: Market, Technical and Organizational Structure.
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