This presentation discusses the operational, managerial, and legislative issues in the contemporary hospitality industry. It also explores the current image of the industry, potential trends, and their impact on businesses. References are provided for further reading.
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Contemporary Hospitality Industry Task 3&4
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Table of Content •Introduction •Operational, Managerial And Legislative Issues Due To Recent Developments •Current Image Of Hospitality Industry •Presenting Potential Trends And Prediction In Hospitality Industry •Impact Of Trends And Development On Businesses •Conclusion •References
Introduction Hospitality is one of the most important industry which is known for delivering range of services specially for the tourism sector. It delivers lodging food and beverages and other related facilities which are used by people who travel. Hotel football is an upscale football themed hotel overlooking old Trafford. It was started in 2015 and since than known for its unique services. The following report will talk about the scale and operations that are carried out under this group which will further assist in understanding the hospitality sector in more detail.
Operational, Managerial And Legislative Issues Due To Recent Developments Operational issues: The managing of change in an organisation can be considered as the primary challenge to a business operating in the hospitality sector. Managerial issues: The managerial issues to which this industry is exposed is skill shortages.
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Cont.. Legislative issues: The minimum wages can be referred to be as legislative problem which is being encountered by management. The minimum wage which has been set by the government is not sufficient to lead an ideal life however there have been instances where the hospitality institution have violated the minimum wage legislation and are hiring employees with salaries less than the minimum prescribed income by the government.
Current Image Of Hospitality Industry The contribution of this industry in the GDP of the country stood at 4% which is exceptional. Out of which 17% is being contributed by the hotels and accommodation which is highest in this industry. It can be said that hospitality industry have been sustainable and is successful in absorbing political shocks which has been attained in the form of Britain exiting from the European Union. This sector have been able to provide significant contribution in terms of finance and infrastructure to the economy of the United Kingdom.
Presenting Potential Trends And Prediction In Hospitality Industry It has been observed that millennials will emerge as the biggest section of clientele of an organisation as they are continuously looking to avail transformational experiences. The technology will be a major contributor to success and failure of an organisation. The guests will be preferring technologies oriented services and amenities which are to be opted by an organisation.
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Impact Of Trends And Development On Businesses Considering the trends and preferences, it can be said that Football will be availing ample of opportunities to increase its sales revenue and profits at the same time. However a business have to keep track of development which are being taking place in the market in the form of street food and gourmet restaurants which are causing a major threat to business.
Conclusion As per the above report it has been summarized that hospitality sector is one of the rapid growing industry in UK that assist in economy development and growth. On hospitality organizations, major control has been derived by some professional bodies to monitor operations and working approaches in effective manner.
References Jones, P., and et. al., 2016. Sustainability in the hospitality industry: some personal reflections on corporate challenges and research agendas.International Journal of Contemporary Hospitality Management. 28(1). pp.36-67. CG Davidson, M., McPhail, R. and Barry, S., 2011. Hospitality HRM: past, present and the future.International Journal of Contemporary Hospitality Management.23(4). pp.498-516.
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