Friday, December 20, 2019
Globalization in the Hospitality Industry - 1167 Words
Tourism is an industry that gives people the opportunity to explore and discover different cultures and many different countries. People are able to view attractions, dabble in local cuisine and experience life in a different country. Tourism is an industry that is rapidly growing as more and more people are traveling abroad. People have a genuine interest in learning about new cultures and experiencing all that a country has to offer. More countries are moving closer to globalization and this in turn is beginning to blend many cultures together. Developing countries are expanding their role in the tourism industry as countries are discovering that this is one of the quickest ways to earn revenue. Tourism blends many countries together inâ⬠¦show more contentâ⬠¦Additionally, hotel employees are represented by many different cultures and backgrounds so it is important that hotel organizations implement different management skills and policies and procedures in order to effectively manage its personnel. Global issues such as communication, geography, language are all issues that an effective hotel manager will need to address. These factors are vital in forming the appropriate global affiliations. A number of hospitality organizations are looking for ways to form such affiliations in order to gain entry into markets that are new to them. It is difficult for them to go it alone as doing so creates somewhat of a risk for them. By forming these alliances with local and regional partners, they are able to gain the necessary wisdom and insight in order to potentially conquer that particular market. Hospitality organizations that dont form these alliances find that it is difficult to establish a presence in unfamiliar markets. Forming these alliances allow hospitality organizations to seize upon the strong suits of larger multinational corporations while benefiting from their own success. Customers in the hospitality industry are looking for services that enable them to move about freely around the world. The lifestyle of the global traveler has somewhat shaped globalization and how hospitality companies operate. The opportunity to implement single brands in a global market is something that is achievable byShow MoreRelatedGlobalization of the Hospitality Industry1087 Words à |à 5 PagesGlobalization of the Hospitality Industry Jennifer Bratton University of Phoenix Globalization of the Hospitality Industry Introduction The hospitality industry strives from consumers wanting to get away from everyday stresses. These consumers want to relax and enjoy time away from everyday life. When a person is traveling they need a place to stay, a place to eat, somewhere to visit, and someone to make the arrangements for the travel. Hospitality is known for servicing the guests and makingRead MoreImportance of Globalization in Hospitality1346 Words à |à 6 PagesQuestion- Critically analyse the relevance and utility of globalization for the international hospitality industry. In the recent years hospitality industry over the years has expanded their business all around the world. Big hotel chains such as Marriottââ¬â¢s and Accor group are opening their hotels in developing countries such as India, Singapore etc. The process of globalization has played a major role in expanding their profits and laying their business across their own boundaries. Majority countriesRead MoreImpact Of Globalization On The Hotel Industry Essay1299 Words à |à 6 Pagesthe interference of globalization in the hotel industry, it is inevitable for the hotel companies to meet with different environmental conditions and forced them to study about different management approaches in order to sustain with competing environmental circumstances which would enable them to realize, both negative and positive effects. Since the international trade and business has expanded, there is no doubt that the international linkage is a must. (ZhenJia) Globalization is a procedure thatRead MoreC urrent Issues For The Tourism And Hospitality Industry935 Words à |à 4 PagesII. Current issues for the tourism and hospitality industry 1. Introduction Tourism is known as the largest and fastest growing industry which generate a massive revenue for the economy all over the world (Chon, 2010). 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Indeed, diversity brings out many positive effects towards oneââ¬â¢s organization, but itRead MoreLodging1094 Words à |à 5 Pagesï » ¿The Travel and Tourism Industry in Perspective NAME: DATE: 1. Which of the following would be internal (ââ¬Å"pushâ⬠) factors in terms of influencing peopleââ¬â¢s decisions to travel? a. climate and collectibles b. health needs c. geography and wildlife d. entertainment and cuisine 2. People traveling to India to visit the countryââ¬â¢s cultural and historical centers are likely to be attracted by __________ factors affecting their decisions to travel. a. push b. pull c. give d. take Read MoreI Am An Plan Of The Next Year During My Master Of Business Management Program1612 Words à |à 7 Pagesendeavours to finish my studies. The Big Picture The hospitality industry is growing rapidly in this world. The hospitality business is one of the quickest developing organizations everywhere throughout the world that creates billions of cash and offers a lot of new profession and occupation chances to individuals with different foundations. The friendliness business is a major business everywhere throughout the world. India hospitality industry deals are relied upon to achieve a record $537 billion-inRead MoreExternal Trends1214 Words à |à 5 Pagesdecisions; discuss what these environmental forces are and how they would impact on the decisions made by strategic management on the future viability of the business. As well as this, do a brief analysis of the 5 forces driving competition in the hospitality industry using Porters model as the basis of your analysis. If there is a question: â⬠What must be considered for managers in the first stage of business decision making?â⬠, one of the component elements included in the right answer definitely is analysingRead MoreThe Hospitality Industry Is A Complex Of Businesses And The Economy1696 Words à |à 7 PagesThe hospitality industry today is a complex of businesses and the economy, serving to meet the needs of people who travels. The main components of the hospitality industry are lodging, food service, tourism, meeting and event planning, and the cruise line. The hotel industry is rapidly developing and aims to make a profit. Any tourist or visitor pays for the comfort that it provides, each hotel the company is committed to the highest level of service and comfort. This segment have a wide range ofRead MoreImpact Of Globalisation On Food And Service Sector1548 Words à |à 7 Pagesstructure and improve the quality or functionality of their product offering. The rapid development of international economic integration and globalization has led to significant changes in hospitality industry. Therefore, it is necessary to dwell on different aspects of globalization as the process influencing the current and future developments in hospitality industry. This essay will be critically evaluating how globalisation impacts food and service sector. Followed by discussing the globalisation
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