Contemporary Hospitality Industry

Contemporary Hospitality
Industry

Table of Content
• Introduction
• Explain how external factors affect the development of organisations which are operating within hospitality
industry
• SWOT analysis
• Impact of external factors on the development of organisations within the sector
• Assess the implications of current and potential trends with the help of some examples
• Ability of the organisation of the development of products and services which will meet current trends
• How external factors impact on current and potential trends and development in hospitality industry
• Conclusion
• References

Introduction
Hospitality industry refers to that industry
which provides different types of services to
people and that service includes
accommodation, hotel, travel and tourism
and many other. The hospitality refers in
building good relations with the people who
wants to take the services from any
hospitality sector.

PESTEL analysis
•Political factors- The political factors are related
with the government and they have the power for the
establishment of the hospitality industry. If they
provide full support to this industry then the
development of the organisations becomes easy.

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•Economic factors- The first factor can include the foreign exchange
rates of the currency which can affect the travellers to go to another
country.

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•Social factors- To provide the services which
meet the demand of people should be the main
priority of the organisations