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Contemporary Hospitality Industry

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Added on  2022-11-25

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This presentation provides an overview of the contemporary hospitality industry, focusing on the PESTEL and SWOT analysis of the industry, the impact of external factors on organizational development, and current and potential trends in the industry. The presentation also explores how Marriott International Hotel adapts to these trends and develops products and services to meet customer demands.

Contemporary Hospitality Industry

   Added on 2022-11-25

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Contemporary Hospitality
Industry
Contemporary Hospitality Industry_1
Table of Content
Introduction
PESTEL analysis of hospitality business
SWOT analysis of hospitality business
Impact of external factors on development of organisation
Appraisal of implication of current and potential trends
Contemporary Hospitality Industry_2
Table of Content
Ability of hospitality business to develop products and service to meet current trends
External factors impacts on current and potential trends and development in
hospitality industry
Conclusion
References
Contemporary Hospitality Industry_3
Introduction
Hospitality industry is defined as the broad category of services
industry that includes various sectors such as food and drink
services, travel and tourism, lodging and event planning. In this
report the chosen organisation is Marriott International Hotel which
is an American multinational organisation established in 1927 by J.
Willard Marriott Alice Marriott. The headquarter of organisation is
situated in the Bethesda, Maryland, US. In this report PESTLE,
SWOT analysis and external factors are covered.
Contemporary Hospitality Industry_4
PESTEL analysis
Contemporary Hospitality Industry_5
Political factors: There are various political factors that affect
the Marriott Hotel are danger of terrorism, political climate and
international relations that impacts on the sustainability and
profitability of hotel.
Economic factors: As Marriott International Hotel operations
business functions outside the country as well so fluctuations in
the local currency impacts on the functioning of hotel. The
restrictions on spending also affect the hotel adversely (Li, 2019).
Contemporary Hospitality Industry_6

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