Hospitality Management: Policies and Perspectives in New York City

Running Head: HOSPITALITY MANAGEMENT 1
Hospitality Management

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Table of Contents
Introduction.................................................................................................................................................3
About the Policies........................................................................................................................................4
Environmental Perspective......................................................................................................................5
Economic Perspective..............................................................................................................................5
Socio-cultural Perspective.......................................................................................................................7
About Theory (Butler’s Curve).....................................................................................................................8
Exploration..............................................................................................................................................9
Involvement.............................................................................................................................................9
Development...........................................................................................................................................9
Consolidation...........................................................................................................................................9
Stagnation...............................................................................................................................................9
Decline or Rejuvenation........................................................................................................................10
Recommendations.....................................................................................................................................10
Policies...................................................................................................................................................10
Agenda..................................................................................................................................................10
Conclusion.................................................................................................................................................11
References.................................................................................................................................................12

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Introduction
Nowadays, tourism and leisure places are having very much priority everyday across the world.
As the finance and people are getting mobile in tourism and leisure industry, strategic planning is
becoming very important for the development of tourist places. Today, tourism is one of the
major wheels of country’s economy. The countries are shifting from traditional processes like
firms, factories and industry; they are giving preferences to non-industrial places and activities.
This is the reason that tourism and leisure is considered as the most significant sector. For this
discussion, New York City is chosen as a tourist place. New York City (The City of New York)
is the most populous city in the United States of America. This is known as global power city
that can be described exclusively as financial, media and cultural capital of the world. It
exercises a huge impact on entertainment, research, education, commerce, technology, art,
tourism, sports, fashion and politics. It is the part of UN WTO (United Nations World Tourism
Organization) (Maitland and Newman, 2014).
New York City is important in the development of American tourism as it is one of the greatest
cities all over the world. It is always a whirlwind of activity with popular places at every turn. In
the year 2017, this city received an 8th successive yearly record of around 62.8 million tourists.
The major reason behind this is that there are various famous destinations like Statue of Liberty,
Empire State Building, Coney Island, Times Square, Central Park, Broadway theater
productions, Ellis Island, the Financial District, sports stadiums, museums, premium shopping
along Madison and Fifth Avenues and different events like Tribeca Film Festival and
performances in Central Park at Delacorte Theater and Summer-stage (Law, 2018). The
economy of this county is highly dependent on the travel and tourism activities. It is under the
top five tourist destinations all over the world.

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Figure 1: 3 Year Forecast of Top 5 Tourist Destinations
(Source: Maitland and Newman, 2014)
It is a growing and substantial component of this state’s economy in US. In the city, an
international visitor spends about $1600 per trip in comparison to just $400 spent by the
Americans. Recently, tourism spending in New York has increased by 5.4% to $62.5 billion (The
Weissman Centre for International Business, 2018). The data shows that New York’s economy is
highly dependent on travel and tourism. The current scene of state’s tourism is that it has
generated nations for foreign visitors to New York City were Brazil, United Kingdom, China,
Canada, Australia, Germany, France, Mexico, Japan and Spain. It has social, economic and
environmental impact in the area.
About the Policies
In New York City, there is a significant growth in the travel and tourism as there is an increase in
the number of visitors from international countries. This state is continuously attracting travellers
from United States and across the world. As a foundation of New York’s economy, tourism
directs assists over 914,000 jobs and produces billions of dollars spending across the county
every year. The UNWTO has created and implemented various policies and programs to sustain
and grow tourism in the county (Jarvis, Stoeckl and Liu, 2016). These policies can be divided in
three perspectives which are given below: