Factors Affecting Development of Crowne Plaza in Hospitality Industry
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This presentation covers the factors affecting the development of Crowne Plaza in the hospitality industry, SWOT analysis, current and potential trends, and external factors' impact on the industry.
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The Contemporary Hospitality Industry
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Content Introduction Factors affecting development of Crowne Plaza Evaluation of the impacts of external factors on the development of organisations SWOT analysis for a hospitality business Implications of current and potential trends in the hospitality industry Ability of Crowne Plaza to develop products and services that will meet current trends Critical evaluation of how external factors impact on current and potential trends and developments in the hospitality industry Conclusion References
Introduction The presentation includes the factors that affects the development of organisation operating within hospitality industry and also include the SWOT analysis for hospitality industry. This presentation also covers the implications of current and potential trends in hospitality industry. The chosen hospitality business for this presentation is Crowne Plaza.
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Factors affecting development of Crowne Plaza Political Factors: Brexit has influences the operational activities and performance of Crowne Plaza as UK and European Union get separated due to which it become difficult for hotel to enhance the profitability of business. Economic Factors: The financial crisis in UK can impact the hotel badly but also the high demand in hotels and restaurant increases the profitability and growth of Crowne plaza.
Continue.. Social factors: People are demanding organic and healthy food in UK, the new trend can influence the performance of Crowne Plaza. Technological factors: The new technologies such as robots, Wi-Fi services, intercoms and manyothertechnologiesarebecomingpopularwhichalsocreateanimpactonthe operational activities of Crowne Plaza.
Continue.. Legal factors: It is important for Crowne Plaza to follow the guidelines and legislation of country in which they are operating business so that they remain away from any legal disputes and conflicts. Environmental factors: Hotels generally put increased pressure on environment due to the need for fuel, water, lighting, etc. It is necessary for Crowne Plaza to reduce the negative impact on environment also implement environment friendly practices in order to create healthy and safe environment for customer.
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Evaluation of the impacts of external factors on the development of organisations The external factors play an important role in influencing the performance and profitability of Crowne Plaza. It is important for the hotel to identify the external factors in order to overcome the challenges and reduce the negative impact on organisation. These factors create a great impact on the profitability and growth of business due to which hotel cannot achieve competitive advantage in Market.
SWOT analysis for a hospitality business Strength: The strength of Crowne Plaza is that it has wide geographical presence having focus on priority market.
Continue.. Weakness: The weakness of Crowne plaza is that they have no economic hotelbrandandalsohavepoor information security system.
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Continue.. Opportunity: The opportunity which can be grab by CrownePlazaistoincrease internationaltouristtravelandalso facilitate technological bookings.
Continue.. Threats: The threat for the Crowne Plaza is sharing economy in hotel industry and alsoincreaseddependencieson intermediaries.
Continue.. Through SWOT analysis, Crowne plaza can take effective decision by using their strength to capture the market and focusing on improving their weakness in order to gain competitive edge.
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Implications of current and potential trends in the hospitality industry Current trends Contactlessservice:Forexample,Crowneplaza provide contact less service in order to prevent their customer from disease.
Continue.. Current trends Uniqueexperiences:Crowneplazaoffers mobile check-in and checkout services to its customer.
Continue.. Potential trends Robot staff:In future, Robots will welcome the staff, for example, they will help to carry luggage, help to automate check-in and check-out and also acts as a concierge.
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Continue.. Potential trends Sustainable Hotels:Society is becoming more concern about the environment, Crowne plaza must look for eco-friendly construction and waste management practices.
Ability of Crowne Plaza to develop products and services that will meet current trends Crowne plaza must focus on implement latest technology in order to attract more and more customer towards the brand. Through updates technology, the profitability and growth of business increases.
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Critical evaluation of how external factors impact on current and potential trends and developments in the hospitality industry The advancement in technology can affect the performance of Crowne Plaza, it is important for hotel to run with the current and future trend. If Crowne plaza implements latest technology they can enhance their performance and profitability. The positive impact of external factors is that they bring new technology in hotel. Negative impact of eternal factors is that it creates a huge impact if technology is not implemented successfully.
Conclusion From the above information it is being concluded that there is a huge impact of external environment on the performance and profitability of hotel. It is important to identify the externa factors and overcome the challenges associated with these factors.
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References Bowen, J. and Morosan, C., 2018. Beware hospitality industry: the robots are coming. Worldwide Hospitality and Tourism Themes. Konovalova, E.E., Yudina, E.V., Ukhina, T.V., Lagusev, Y.M. and Zvyagintseva, O.P., 2018. Methodological approaches to development strategies for the tourism and hospitality industry enterprises. International Journal of Engineering and Technology (UAE), 7(4.38), pp.277-280.