This article explores the impact of crowd sourcing on the hospitality industry and its benefits. It discusses the different sectors in the hospitality industry and the role of crowd voting, crowd funding, and crowd creation. It also delves into the regulations and ethics involved in crowd sourcing.
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Running head: Crowd Sourcing and Hospitality0 Crowd Sourcing and Hospitality Industry 2019
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Crowd Sourcing and Hospitality industry1 Table of Contents Introduction.................................................................................................................................................2 Hospitality Industry.....................................................................................................................................3 Impact of Crowd funding and Entertainment Industry................................................................................5 Impact of Crowd Creation on Tourism........................................................................................................5 Brainstorming..............................................................................................................................................5 Regulation and Ethics..................................................................................................................................6 Conclusion...................................................................................................................................................7 References...................................................................................................................................................8
Crowd Sourcing and Hospitality industry2 Introduction With the growing IT industry and advancement in technologies transforms life style of not only individual but also changed performance of every industry. There re lot of techniques or ideas are introduced to develop industries smartly and for achieving good profit or results. In this project we will deal with the effect and benefit of crowd sourcing on hospitality industry. What is Crowdsourcing? This is an act in which group of people are engage in order to complete any specific task it may include innovations, resolving concerns etc. This method is totally based on social networking sites and web 2.0 as these platforms have taken that vast form so to make connectivity and to contribute efforts in combined form is now not difficult task. This complete phenomenon is well known as Crowd sourcing (Brown, 2019). Image Source:(Introduction to Crowd sourcing , 2019)
Crowd Sourcing and Hospitality industry3 The phenomenon of crowd sourcing introduces new directions for organizations to grow in better way, engagement with customers, getting creative ideas, reducing production costs. Due to use of internet organizations and its stakeholders get a connectivity to communicate and implementing their values together. Image Source:(Process of Crowd sourcing , 2019) Advantage of Crowdsourcing: Crowdsourcing helps organization in reducing costs, efficiency and speed of the output. If a work is done by one person in one week the same work when divided into segments and conducted by a bunch of people than the same work will be get done with in some hours. With the introduction of Digitalization crowdsourcing is getting much easier to implement with these platforms with business. Platform of social networks provides a transparent way to get communicate with co- workers(Sigala, Haller, 2019). Crowd source is categorized in four types which are mentioned below: i.Crowd Wisdom ii.Crowd Creation iii.Crowd Voting iv.Crowd funding Hospitality Industry The industry which works on principal of customer satisfaction and relaxation of customers is known as hospitality industry. The sectors which are divided in the hospitality industry are mentioned below:
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Crowd Sourcing and Hospitality industry4 The sectors in which hospitality industry is divided are as follow(Hospitality Inudstry , 2019): a.Accommodation b.Food and Drinks c.Travelling d.Entertainment Industry e.Time sharing Image Source:(Hospitality Industry , 2019) Impact of Crowding Voting on Hotel industry: Crowd Voting:It is a process and part of crowd sourcing technology in which the group of people or a community give their votes, feedback about their preferred brand or service, it helpsthatparticularbusinesstoimproveortodeveloptheirworkingprocess.This communication builds a trust between the customer and company. Hotel Industry:The main focus of Hotel is to provide accommodation to travelers or to people who are far from their own house. The accommodation includes with the shelter, food service, refreshment etc. Hotels are furnished commercially to attract customers also they provide their service to arrange family functions, business ceremonies, political headquarters etc.
Crowd Sourcing and Hospitality industry5 Impact of Crowd funding and Entertainment Industry Crowd Funding:A part of crowd sourcing technology in which the funding or small amount is raised by the large number or group of people; that fund or amount is used to start a new business, this phenomenon is known as crowd funding(Medina-Molina, Rey-Moreno, FelÃcio, & Paguillo, 2019). Entertainment Industry:An activity which maintains concentration or attention of people or crowd for providing them relaxation and joy is known as entertainment and the business comes under this sector are called entertainment industry. This industry has expanded its roots everywhere now there are lots of websites or applications are in the markets which are now converted in brand (Hennig-Thurau,& Houston, 2019) Impact of Crowd Creation on Tourism Crowd Creation:It is the most common process of crowd sourcing in which the solution is provide by the discussion with the people and feedback of the customer is taken and according to those feedback or suggestions changes are made on the particular service. These feedback are taken to eliminate the dilemma arise in the people or the management of any company related with the service. Tourism Industry:The activity which is performed in order to achieve either pleasure or it is performed for the business purposes to touring some different place or location. It may be include both the national or international tourism. From past few years there is revolutionary change is observed in the tourism industry and there are multiple reasons behind this change (Altin, Koseoglu, Riasi, 2018). 1.Defer Judgment 2.Reach for Quantity Brainstorming 1.Impact on the customer relationship: By the implementation of the technology in hospitality industry affect company in many ways in which the customer relationship is very important and dominant fact. For every industry customers are source of income of
Crowd Sourcing and Hospitality industry6 their business and for that to earn the trust of customer is very mandatory. After implementations of technology the industries are growing in better way, the way to communicate with the customers are now updated due to which the wait for resolving concerns is no more hectic thing. 2.Impact on management: Technology connects the employee with the higher authorities of company. Each and every details of the employee related with the shifts, payroll, and attendance can be access easily, also employees can communicate about their concern with the authorities. 3.Impactonproductionandgrowth:Hospitalityindustryismuchaffectedbythe technology, their production rate is improved. The annual income of the industry is changed in the way that this industry becomes one of the most efficient and fastest growing industries globally. Technology connects the countries together for the spreading business and which is the reason that this industry is acting globally(Elshaer, Abdelaal, Amir, Arous, & Khan 2019). Regulation and Ethics Crowd voting and Ethics: This form of technology can be related with the ethics in very perfect manner the four factors which describe the term are mentioned below: i.Privacy: There should be privacy with the personal details that should be only accessed by the responsible authority of the organization so no any customer or voter face any kind of issue. ii.Respect: Every customer is valuable for any organization so feedback of every customer is also valuable with the service if it is good then there are no any issue but if feedback is negative than that should be focused because that particular individual might face some challenge with the service and that customer is most valuable his/her feedback will help the organization to make change or to improve in the mistake iii.Communication: There should be proper communication with the employees and customer as this will help the organization to know the concern, about the trend, and many factors which act as favorable term for the organization also the trust between them remains the same and the issue of switching brand, company will reduced.
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Crowd Sourcing and Hospitality industry7 iv.Decision making: The crowd voting will provide a platform or results on which the management has to take actions sometimes results by any observation are not easy they put the management in dilemma but if it is in favor of the company and customers the management should act on the same(Rajput, Sarirete, & Desouky, 2019). Conclusion In this report study about the crowd sourcing is mentioned which include its parts and its role in any business. Further the discussion was made on Hospitality industry including the categories in of this industry. The final discussion was made on the impact of the process o crowd sourcing when get implement in the hospitality industry. References Brown,T.(2019).AnEvaluationofCrowdsourcingasaToolforMarketing
Crowd Sourcing and Hospitality industry8 Activities(Doctoral dissertation, Luleå University of Technology). Altin, M., Koseoglu, M. A., Yu, X., & Riasi, A. (2018). Performance measurement and management research in the hospitality and tourism industry.International Journal of Contemporary Hospitality Management,30(2), 1172-1189. Chatterjee, A., Borokhovich, M., Varshney, L. R., Vishwanath, S., Varshney, L. R., Chatterjee, A., ... & Borokhovich, M. (2018). Efficient and flexible crowdsourcing of specialized tasks with precedence constraints.IEEE/ACM Transactions on Networking (TON),26(2), 879-892. Rajput, A. E., Sarirete, A., & Desouky, T. F. (2019). Using Crowdsourcing to Identify a Proxy of Socio-Economic status.arXiv preprint arXiv:1902.06914. Hennig-Thurau, T., & Houston, M. B. (2019). Entertainment Product Decisions, Episode 1: The QualityoftheEntertainmentExperience.InEntertainmentScience(pp.295-312). Springer, Cham.. Kohler, T., & Chesbrough, H. (2019). From collaborative community to competitive market: the quest to build a crowdsourcing platform for social innovation.R&D Management. Kothari, R., & Krishnaswamy, D. (2018).U.S. Patent Application No. 10/085,205. Elshaer, A. M., Abdelaal, E., El Amir, J., Arous, S., & Khan, M. A. (2019). A FRAMEWORK FORSPC-BASEDEMERGENCYMANAGEMENTINHOSPITALITY INDUSTRY.International Journal on Recent Trends in Business and Tourism,3(1), 22- 32. Sigala, M., & Haller, C. (2019). The Impact of Social Media on the Behavior of Wine Tourists: ATypologyofPowerSources.InManagementandMarketingofWineTourism Business(pp. 139-154). Palgrave Macmillan, Cham. Whitla, P. (2009). Crowdsourcing and its application in marketing activities.Contemporary Management Research,5(1).