Contemporary Hospitality Industries Assignment

Added on - 11 Jan 2021

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CONTEMPORARY HOSPITALITYINDUSTRIES
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3Business Planning Report...............................................................................................................31. PESTLE Analysis affecting the development of hospitality Industries..................................32. SWOT Analysis of hospitality industry..................................................................................6Market Research Report..................................................................................................................71. Trend Analysis of Hospitality industry...................................................................................72. Ability of selected hotel chain to develop product and service to meet current trends...........8CONCLUSION................................................................................................................................9REFERENCES................................................................................................................................9
INTRODUCTIONStrategic reports of Hospitality Industries provide extensive information regardingcustomers' demands, trends in market, competitors capabilities and other internal assessments.According to the statistics, the booking rate of the industries has been reached to$1.6 trillion in2017. Also, the revenue of the hotels in US have been reached to$200 billion in 2018(Kuo andet.al., 2016).This study will contain the strategic documentation of the Ned Hotel, London which is afive-star International hotel. It will also include PESTEL and SWOT analysis of hotel.BUSINESS PLANNING REPORT1. PESTLE Analysis affecting the development of hospitality IndustriesPestle Analysis supports the organization to accumulate information regarding itsexternal barriers that can be in terms of Political, economic, social, technological, legal andenvironmental conditions.Illustration1:Pestle AnalysisSource: (PESTLE-ANALYSIS: 6 core variables, 2016)
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