Table of content •Introduction •Analyse of issues affecting hospitality industry •Current image of the hospitality industry •Justified predictions for potential trends and development •Impact analyses for the predicted trends •Conclusion •References
Introduction In this presentation, various issues which impact hospitality industry are discussed along with current image of this sector in United Kingdom. The aim of this presentation is to predict future trends and developments along with their impacts.
Analyse of issues affecting hospitality industry Hospitalityindustryisagrowingsectorwhichattracts numerous new businesses due to which there are various issues which can affect functioning of this industry. These issues are widely categorised into three classes which are: Operational issues Managerial issues Legislative issues
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Current image of the hospitality industry Hospitalityindustryincludesseveralservicessuchas accommodations,foodservices,leisureserviceswhichare providedbyvariousorganisationssuchashotels,bars, restaurants,eventmanagementorganisationetc.Hospitality industry has a overall dynamic and powerful image, it has thousands of hotels and restaurants which as annual turnover of 55billionpounds.Thisindustryisemploying1.7million employees and generates hundreds of jobs every year.
Justified predictions for potential trends and development Hospitality sector is a growing industry, which is expected to gain a steady growth. This organisation is expected to be have a great level of investments,Introduction of five stars hotels Development of conferencing and banqueting unit of hospitality. Increase in the wages of hospitality employees along with proper training sessions. Usage of advanced technological tools such as motion sensors, bio metrics etc.
Impact analyses for the predicted trends Thetrendsanddevelopmentswhicharepredictedabovehas various impact on the functioning on hospitality industry. Various impacts for these trends are: Organisations can successfully fulfil needs and demands of their customers. Hospitality industry can bring innovation in their business operations along with rendering quality services.
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Conclusion From the above presentation, it has been concluded that hospitality industry is affected by various issues such as operational and legislative. Current image of this industry is quite impressive as the potential trend predictions shows that this sector can attain highest growth rate.
References Yoo,M.,Lee,S.andBai,B., 2011.Hospitalitymarketing research from 2000 to 2009: topics, methods, and trends. InternationalJournalofContemporaryHospitality Management,23(4). pp.517-532. Zhang, Z., Ye, Q. and Law, R., 2011. Determinants of hotel room price:Anexplorationoftravelers'hierarchyof accommodationneeds.InternationalJournalof Contemporary Hospitality Management,23(7). pp.972-981.