Impact of External Factors on Hotel Hilton: A PESTLE Analysis
Added on 2023-01-17
9 Pages2645 Words49 Views
HNHM301: The
Contemporary
Hospitality Industry
Contemporary
Hospitality Industry
Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY ..................................................................................................................................4
Evaluation of the impact of external factors such as political, economic, social, technological,
legal and environmental by using the PESTLE Analysis- ..........................................................4
Political Factors-..........................................................................................................................4
SWOT Analysis for the chosen hospitality industry and reviewing that how this can inform
process of decision-making-........................................................................................................6
Analysation of factors which impact on supply and demand of products and services -............7
Evaluation of implications of current and potential trend which can affect the hospitality
industry in UK-............................................................................................................................7
Evaluating the response and ability of the hotel Hilton to current and potential trends-.............8
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................9
INTRODUCTION...........................................................................................................................4
MAIN BODY ..................................................................................................................................4
Evaluation of the impact of external factors such as political, economic, social, technological,
legal and environmental by using the PESTLE Analysis- ..........................................................4
Political Factors-..........................................................................................................................4
SWOT Analysis for the chosen hospitality industry and reviewing that how this can inform
process of decision-making-........................................................................................................6
Analysation of factors which impact on supply and demand of products and services -............7
Evaluation of implications of current and potential trend which can affect the hospitality
industry in UK-............................................................................................................................7
Evaluating the response and ability of the hotel Hilton to current and potential trends-.............8
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................9
INTRODUCTION
Contemporary hospitality industry consists of wide category of fields among service
industry which can includes the restaurant, lodging, theme parks, cruise lines, transportation, and
many other additional things which are included in the hospitality industry (Jones, Hillier and
Comfort, 2016).
Hotel Hilton was established by Conrad Hilton. There are 586 hotel & resorts properties
which contains 215,623 rooms across the 85 countries and territories among 6 continents. It was
founded in 1919. The above report includes the evaluation of impact of external factors which
can be political, economic, social, technological, legal and environmental on the hotel Hilton
with the help of PESTLE Analysis. SWOT Analysis for hotel Hilton is to be done. The report
further carried forward with the different factors which impacts supply and demand op products
and services of hotel Hilton. Report ends with the evaluation of implication of current and
potential trends which affects hospitality industry in the United Kingdom.
MAIN BODY
Evaluation of the impact of external factors such as political, economic, social,
technological, legal and environmental by using the PESTLE Analysis-
PESTLE Analysis is tool used by the marketers for analysing and monitoring macro
environmental factors which can impact the company. This is described below-
Political Factors-
Political stability is necessarily required by any industries and it can be applicable to the
hotel industry. The political approaches can affect the number of visitors that can be business
travellers and tourists which are visiting to nation (Radojevic, Stanisic and Stanic, 2015). People
who are travelling to Ireland can face the critical political situation there. In July 7, 2005, which
have created a set of risk for the tourist so the number of visitors to London has been decreased
which have affected the Hotel Hilton business. The Situation of Brexit is also the major issue
which has been faced by Hotel adversely and thus the number of visitors affected much.
Economic Factors-
Due to the Brexit situation hospitality industry has adversely affected as the value of
pound has been declined significantly. Individual doesn't have that much amount that they can
spend amount on their leisures. So the tourist attraction has been reduced in the United Kingdom
which had affected the business of Hotel Hilton.
Contemporary hospitality industry consists of wide category of fields among service
industry which can includes the restaurant, lodging, theme parks, cruise lines, transportation, and
many other additional things which are included in the hospitality industry (Jones, Hillier and
Comfort, 2016).
Hotel Hilton was established by Conrad Hilton. There are 586 hotel & resorts properties
which contains 215,623 rooms across the 85 countries and territories among 6 continents. It was
founded in 1919. The above report includes the evaluation of impact of external factors which
can be political, economic, social, technological, legal and environmental on the hotel Hilton
with the help of PESTLE Analysis. SWOT Analysis for hotel Hilton is to be done. The report
further carried forward with the different factors which impacts supply and demand op products
and services of hotel Hilton. Report ends with the evaluation of implication of current and
potential trends which affects hospitality industry in the United Kingdom.
MAIN BODY
Evaluation of the impact of external factors such as political, economic, social,
technological, legal and environmental by using the PESTLE Analysis-
PESTLE Analysis is tool used by the marketers for analysing and monitoring macro
environmental factors which can impact the company. This is described below-
Political Factors-
Political stability is necessarily required by any industries and it can be applicable to the
hotel industry. The political approaches can affect the number of visitors that can be business
travellers and tourists which are visiting to nation (Radojevic, Stanisic and Stanic, 2015). People
who are travelling to Ireland can face the critical political situation there. In July 7, 2005, which
have created a set of risk for the tourist so the number of visitors to London has been decreased
which have affected the Hotel Hilton business. The Situation of Brexit is also the major issue
which has been faced by Hotel adversely and thus the number of visitors affected much.
Economic Factors-
Due to the Brexit situation hospitality industry has adversely affected as the value of
pound has been declined significantly. Individual doesn't have that much amount that they can
spend amount on their leisures. So the tourist attraction has been reduced in the United Kingdom
which had affected the business of Hotel Hilton.
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