The Contemporary Hospitality Industry

THE CONTEMPORARY
HOSPITALITY INDUSTRY

Table of Contents
INTRODUCTION
MAIN BODY
An assessment of the political, economic, social, technological and legislative environmental factor that affects the development or organizations in hospitality industry
An example of swot analysis of hospitality business of hotel Shankly and review decision making process
An evaluation of the impacts of external factor of the development of hotel Shankly operating within the hospitality industry
An implication of current and potential trends in the hospitality industry
An evaluation of the ability of hotel Shankly to develop products and services to meet current needs
A critical evaluation of how external factors impact on current potential trends and development of industry
CONCLUSION
REFERENCES

INTRODUCTION
◦ The hospitality industry is one of the most revenue generator of for development of economies of
various industry. This is really important element for travel and tourism sector. However, the
hospitality industry in itself a crucial independent industry

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◦ This will be understood by the fact that in UK there are approximately 180,000 of hospitality and leisure of
establishment which provides employment more than 2 million peoples of UK. The Hospitality industry, is must
include pubs, restaurant, food, lodging, in terms of economy also, the hospitality industry having the major
contribution in raising the economy of UK industry.

The political, economic, social, technological and legislative
environmental factor that affects the development of organizations
◦ The assessment of political, economic, social technological factors that effects the development is as follows-
◦ Political factor- The government has the strong hold on industry for instance of the political party sets for banned
the travelling. This can be hurtful for tourism as well as hotel industry immediately. All these takes are related to one
decision as well as country can loses its vast majority in relation of their economy. The government is focused to
control the taxes reforms in which the hotel owners can pay the lower taxes.

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◦ Economic factor- The company strength and weakness can boost the affect and attractiveness of the
vacation spot as for example- if the international currency is stronger than any of the dollar that people will
use outside of their country.