Contemporary Hospitality Industry

Contemporary Hospitality Industry

Table of Contents
• INTRODUCTION
• Assessment of factors which affect development of hospitality firms
• SWOT Analysis
• Impact of external factors on hospitality firm
• Implication of current and future trends
• Ability of The Ritz London to meet current and future trends
• Impact of external factors current and future trends
• CONCLUSION
• REFRENCES

INTRODUCTION
Hospitality industry is service sector industry where most the job roles and skills of
employees are related services only. It is essential for every hotel to analyse their
internal as well as external factors and then make decisions according to that. The Ritz
London is the hotel is opened in 1906. Its owner is Abdulhadi Mana Al-Hajri. It is
located in Piccadilly, London, UK. The following report covers external and internal
factors of mentioned hotel and their impact upon decision making process and the
current trends of hospitality sectors and how the mentioned hotel will deal with these
trends.

Assessment of factors which affect
development of hospitality firms
Political factor
Brexit is the primary political factor affecting
Hospitality industry as it will influence revenue
generation ability of Hotels. The positive and
negative affect of Brexit on Ritz Hotel are
provided below:
Positive effect: There will be a minute increase in
Average daily rate of Hospitality firms.
Negative effect: Britain will experience a regional
decline of 0.6% in occupancy rate.