This presentation provides an in-depth analysis of the contemporary hospitality industry. It includes a PESTEL analysis, SWOT analysis, and explores supply and demand trends. The presentation also discusses the implications of current and potential trends in the industry.
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Contemporary Hospitality Industry
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PESTEL analysis Political factors: As conditions provided by government are favorable forFour Seasons Hotel London, it aids them to minimize entire cost of production. Appropriate regulations which are made by government will lead to reduction of taxation for Hotel Villa Lara. Economic factor: Higher interest rates as well as inflation rates leads to enhancement in entire production cost which will be responsible for decline in profitability of Four Seasons. Favorable inflation rates will assist Hotel Villa Lara to buy raw materials withinbulk through which entire productivity can be improvised.
Cont… Social: In context of Four Seasons Hotel London, they will be impacted by buying habits of people. At present scenario, people are preferring their own package rather than on the basis of day to day customers. Unfavorable conditions of certain factors lead to reduction in number of customers of Hotel Lara Villa which creates negative influence on overall profits. Technological: Four Seasons Hotel London will have a critical influence on this factor and organization will set up their services and products to customers via online medium. For implementation of technology more funds are required by Hotel Lara Villa so that productivity can be enhanced
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Cont… Environmental: It is crucial for Four Seasons Hotel London for protecting environment and usage of rare resources expeditiously as well as efficaciously. Lara Villa must take care of that when waste is released into the environment, it must be treated through which brand image among people can be increased. Legal: By avoiding complex situations within Four Seasons London, they need to adhere legal formalities in respective sector so that they they do not have to go through worse conditions. Hotel Villa Lara needs to ensure that they follow legislation in a appropriate manner through which goodwill of government customers as well as bodies can be improvised.
SWOT Analysis Strengths Four Seasons Hotel Londonaims at bringing innovations and keeps on production of new services for customers around the world. Hotel Villa Laradrives for competitive advantage is a agnostic brand within hospitality industry and they aims at reinvention of their brand by which they can remain competitive.
Cont… Weakness Four Seasons Hotel Londonis aiming at expansion of their operations within larger area of world where it will become complex for an organization to hold on standard quality. Due to this reason brand is weakened. Focus on family:Four Seasons Hotel London focusses on families as well as they are not going to alter this pattern of working. Hotel Villa Larais going through different problems and reason behind this is lack of secrecy as well as privacy concerns. They have suffered due to lack of safety of employees as well as customers.
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Cont… Opportunity Four Seasons Hotel London, alteration in trends of prevailing customers within existing business world in which they are willing to stay like luxury hotels where they have been with their families as well as friends. Therefore,it will improvise opportunities of economy. Emphasis on personalisation: Within Four Seasons Hotel London customers are highly individualised within nature. This will render them with an opportunity to offer premium prices of personalised services which are needed by customers. Hotel Lara Villahas gained attention with different sections of society and they have been supporting them. This assisted them to render special offers to couples who belong to different societies such as LGBTQ. This will assist them to make their contribution within revenue as well as sales.
Cont… Threat Four Seasons Hotel Londonexperiences a high competition from brands such as Holiday Inn, Hilton, Hyatt, etc. Hotel Villa Lara, economic recessionwill create an influence on hospitality industry in ineffective manner where various properties will be auctioned and sold within market through which revenues as well as profits cannot be generated.
SWOT Analysis of Four Season London The SWOT Analysis will assist to identify strengths, weaknesses, opportunities as well as threats by which strong points can be used in an appropriate manner thereby leads to reduction in weak points. It will also assist to formulate decisions and decrease risks of situations in operations for avoiding weak factors.
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SWOT Analysis of Hotel Villa Lara SWOT Analysis of Hotel Villa Lara will assist them to make use of their strengths for attractingmorenumberofcustomersthroughwhichprofitabilityofentire organization can be enhanced. By this organization will be able to have opportunities for enhancing operations of businessbyputtingeffortstodecreaseweaknessesaswellasthreatsfor improvisation of experience of customers along with their brand image within market.
Supply or Demand of Four Seasons Hotel London Various types of services are provided by Four Seasons Hotel London along with their interior designing of different sections to inspire customers so that they use services provided by them. People are looking forward for technological facilities by which they can easily make online transactions as well as support from customer services if they face any kind of problems.
Supply or Demand of Hotel Villa Lara With reference to Hotel Villa Lara, it has been observed that various packages have been provided to customers which possess differentiated budget through which they can grab attention of different people through which overall profitability can be increased. At present scenario, people are looking forward for innovative services and expect more within restricted budget which must be taken into consideration and plans must be formulated to accomplish demands of customers.
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Popular trends within hospitality sector The various trends which prevails within hospitality sector are elaborated below: Crucial trends have been rising at constant rate and they are ascertained is globalization Four Seasons Hotel has been sharing their technology, labor and resources between different nations which makes the business viable. The concern is related with security as well as safety which is rising and thereforeFour Seasons Hotel is taking necessary measures for ensuring workforce and customer base from different types of disaster. Apart from this, diversity plays important role withinFour Seasons Hotel as it renders opportunity for enhancing interaction with tourists from various castes, religion, cultures, etc.
Less Popular trends in Hospitality Sector Less popular trends within hospitality industry leads to minimal communication as things are carried out by online medium such as taking orders and making bookings as well as identifying various facilities provided by any specific hotel. This industry addresses feedback from employees and customers via website and renders appropriate response to them by selection of appropriate solution.
Declined Trends in Hospitality Industry These trends comprises of storing information by traditional means like on registers or files. With the growth in technology, digitization is brought inwhich is preferred by most of the Hotels at present time. This data is stored on laptops and computers so that it can be accessed whenever it is required. For enhanced security data can be stored in different forms by usage of different methods.
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Implications of current and potential trends The organizations need to carry out their operations by taking into account various current as well as potential trends which are needed by organization so that they can make alterations within working structure so that goodwill can be maintained. At present scenario, Hotel Villa Lara is making use of evolving technology and sustainability rules by which quality of services as well as products furnished by organization can be improved.