This presentation explores the current issues and potential trends in the hospitality industry, with a focus on Hilton hotel and its expansion into the Asian market. It includes a PESTLE analysis, SWOT analysis, evaluation of external factors, and implications for the company's development.
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The Contemporary Hospitality Industry Scenario 2
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INTRODUCTION •Internal and external factors have wide impact on the hospitality industry paradigms which are vastly going under huge transformation, for connecting onto new competitive determinants. •The presentation explains relation to the current issues faced by the hospitality industry where Hilton hotel wants to build on wider competent place and further report discusses the current and wider potential trends within future scenario
PESTLE ANALYSIS •Political factors: Asian countries have high political stability factors which will enable Hilton hotel to build strong impactful position into wider audience and also work with wide consumer market as Asia welcomes millions of travellers every year. •Economic factors: Asian countries have good economy levels at all scenario where Hilton hotel, will be able to bring on new advanced potentiality and to bring on stable business services to all customers. •Social factors: Asian countries also have wide social factors which are working onto new rational goals to bring on diversified culture and wide hospitality factors within industries.
SWOT ANALYSIS •STRENGTHS: •High brand name and goodwill •Large capital availability •WEAKNESS: •High completion within hospitality industry •Changing external factors
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Impact of external factors on development of company •External factors such as demand of continuous innovation amongservicesandhigherconsumerfunctionallevel demands have been working on with wide new synergy of innovation where there are various new competitive global companies coming up which are given high completion to Hilton hotel. •The impact of external factors on development of company canbeunderstoodashighlycrucialwhereitcanbe understoodthathigherrationalfocusisgiventohuge changing vivid dynamics when external factors are promoted with strong synergy of innovation.
Appraisal of implications of current and potential trends within hospitality industry •Implicationsofcurrentandpotentialtrendsin hospitality industry where Hilton hotel will aim to bring on newadvancedlevelofresourcesandfasterchanging dynamics through which innovation is actively explored onto higher levels where there are wider working opportunities.
Evaluation of abilities within company business •TheHiltonhotelhaswidefuture abilities within hospitality business to develop productsandservicesforcateringtowide consumerdemandswhichhavebeenrapidly moving onto higher functional levels for bringing on new synergy of best services.
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Evaluation of how external factors impact potential trends and development •The external factors have widely impacted future potential trends and development where Hilton hotel can use wide digital media platforms where evocative use of social media marketing will enable to bring on new levels of competitive governance. •The presentation explains relation to the current issues faced by the hospitality industry where Hilton hotel wants tobuildonwidercompetentplaceandfurtherreport discusses the current and wider potential trends within future scenario
CONCLUSION •Presentation concludes various external and internalfactorswhichareimpacting hospitality industry where Hilton hotel aims to bring on new services and factors for programmingitsfutureexpansioninto Asian market.
REFRENCES •Filimonau, V. and Naumova, E., 2020. The blockchain technology and the scope of its application in hospitality operations.International Journal of Hospitality Management,87, p.102383. •Ivanov, S., Webster, C., Stoilova, E. and Slobodskoy, D., 2020. Biosecurity, automation technologies and economic resilience of travel, tourism and hospitality companies. •Song, H.J., Yoon, Y.N. and Kang, K.H., 2020. The relationship between board diversity and firm performance in the lodging industry: The moderating role of internationalization.International Journal of Hospitality Management,86, p.102461. •Tracey, B. and Swart, M.P.N., 2020. Training and development research in tourism and hospitality: a perspective paper.Tourism Review.
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