PESTEL/ PESTLE/ PEST Analysis of hospitality industry Traditionally PESTEL analysis was known as the PEST analysis and only in the modern times did the use of the word PESTLE came into being. Social part of the PEST is split into environmental factors too as those have a significant role in the strategic management these days. Along with that economic factors are split into legal factors for the same previously mentioned reason. Political Environment “These refer to government policy such as
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8. three main types of hospitality operation: Johnston has proposed the concept of three main types of hospitality (industry) operations based on the hospitality exchange process: product processing operations‚ customer processing operations and information processing operations. Most activities are a combination of all three‚ albeit in different proportions. An accommodation operation is for example predominantly a customer processing operation‚ with very little product and information processing
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PREVAILING CONTEMPORARY THEMES IN HOSPITALITY AND THE UPCOMING FOUR SEASONS HOTELS EXPANSION BY FELIX L. H. MURILLO Glion Online MBA Abstract This paper identifies contemporary themes in the Hospitality Industry and why these are emerging or currently pursued. The themes selected are themes directly related with the expansion of hospitality businesses and in particular as they have an effect in the upcoming growth of Four Seasons Hotels. Although Four Seasons already pursues these contemporary
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The hotel industry in India is going through an interesting phase. One of the major reasons for the increase in demand for hotel rooms in the country is the boom in the overall Economy and high growth in sectors like information technology‚ telecom‚ retail and real estate. Rising stock market and new business opportunities are also attracting hordes of foreign investors and international corporate travellers to look for business opportunities in the country. Hotel industry is also inextricably
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INDUSTRY ANALYSIS: A CASE STUDY OF THE UK HOTEL INDUSTRY INTRODUCTION The hotel industry‚ (despite its importance to the UK economy) has not received the attention that it deserves from the central government at Downing Street. A report by the British Hospitality Association in 2010 showed that it has grown over the years to contribute 45 billion pounds to the UK economy. The hotel industry also employs about 3.64 million people both directly and indirectly making it the fifth largest industry in
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Service jobs now account for around three quarters of all jobs in the UK‚ with retail and hospitality alone providing nearly five million jobs (Hospitality Training Foundation‚ 2003; University of Warwick‚ 2004). Organization in the hospitality industry vary enormously‚ ranging from first class and luxury hotels providing extravagant‚ full 24-hour service to the more homely comforts of a bed and breakfast establishment; from fast food restaurants to Michelin starred restaurant. In turn‚ the jobs
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GROWTH OF HOTEL INDUSTRIES IN INDIA Over the last decade and half the mad rush to India for business opportunities has intensified and elevated room rates and occupancy levels in India. Even budget hotels are charging USD 250 per day. The successful growth story of ’Hotel Industry in India’ seconds only to China in Asia Pacific. ’Hotels in India’ have supply of 110‚000 rooms. According to the tourism ministry‚ 4.4 million tourists visited India last year and at current trend‚ demand will soar
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Impact of Global Financial Crisis on Hospitality Sector Based in Mumbai Region Oshma Rosette Pinto Assistant Professor‚ Pillai Institute of Management Studies and Research‚ New Panvel Navi Mumbai E-mail: pinto.rosette@gmail.com ABSTRACT The Global financial crisis from 2005 to the present is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It was triggered by a liquidity shortfall in the United States Banking system which resulted in the
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management is a complex social system which cannot be explained in terms of a simple cause and effect relationship. In a relatively unique position‚ hospitality organisations attempt to bridge the gap between the domestic and commercial worlds which according to Lashley (2001) is an attempt to “square circles” as employees while delivering some level of hospitality must balance it with the requirement to be efficient and profitable. Components associated with accommodation management - the type of building
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Throughout the United States‚ history‚ and the hospitality industry overall; The Jungle is perhaps a standout amongst the most accredited book of 1906. Sinclair’s novel has produced global eminence and it has accomplished a lot of open mindfulness. Sinclair’s intentions compressed into the novel were composed to depict the brutal conditions and abused existences of him‚ and other workers. Although pursuers didn’t disregard his existing motive‚ his introduction of wellbeing infringement and unhealthful
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