Hospitality and Tourism Business | Introduction

Added on - 17 Dec 2019

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HOSPITALITY ANDTOURISM
Table of ContentsINTRODUCTION...........................................................................................................................3Compare the importance of H&T in Australia and Vietnamese.................................................3Top two brands of H&T in Vietnamese......................................................................................4Investment in business and reason..............................................................................................4Difficulties in marketing.............................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................6
INTRODUCTIONHospitality and tourism business is a field of business where the services are beingprovided with reference to travelling services and accommodation. However, these sectors canhelp in generating good revenues for the economy. The present report is based on the twodefined destinations i.e. Australia and Vietnames. The stated document is prepared with apurpose to compare the tourism aspects of the two economies. In addition to this, it is also goingto define the major difficulties which can be faced by an organization at the time of marketing(Marija, 2014).Compare the importance of H&T in Australia and VietnameseIn Australia, tourism plays an essential role for this economy as this sector contributes3.0% in the GDP. There are different destinations in Australia which attracts the local andinternational tourists. But the H&T sector of this economy is mainly based on local and nationaltravellers. In order to increase and improve these services, the Australian government is activelyseeking for the opportunities. In this economy, hospitality industry plays a crucial role. Incontext to this, tourism also plays an essential role in the development of this economy. Thereare unique attractions in which creates the interest of the country(Robinson, 2014).On otherhand, Vietnam's economy also has a contribution of 3.7 % H&T sector in the GDP of thiseconomy. The stated sector helps the Vietnamese economy to provide different opportunities interms of job and other economic development. For this economy, H&T sector is responsible forthe development and global growth. In Asia, Vietnam is leading country in terms of tourismsector. The government is consistently trying to improve their services to the travellers so that itcan further increase the share in GDP. As per the statistics, in the year 2011 in millions theinternational travellers visited this economy. This has resulted in increasing the revenue of thiseconomy(Normann, 2013).In context to above, there are certain reasons due to which the market segment of the twoeconomies have changed. However, social factors, technological factors and other factors canresult in changing nature of the market segment. For an instance, if the taste and preferences ofthe customers get changed then it will have an impact on the two economies. However, it iscrucial for the economies to analyse these factors so that it can attain the consumer demands andneeds(Normann, 2013).
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