The Contemporary Hospitality Industry

THE CONTEMPORARY HOSPITALITY INDUSTRY

Table of content
 Introduction
 Assessment of the political, economic, social, technological, legislative
and environmental factors
 Impacts of external factors on the development of organisations
operating within the hospitality industry
 SWOT analysis for The Ritz Hotel, London
 Implications of current and potential trends in the hospitality industry
 Ability of The Ritz Hotel, London to develop products and services
 Conclusion
 References

Introduction
 Hospitality industry is inclusive of different operations such as event
planning, food and beverage, lodging, travel and tourism etc. This industry
is playing important role not only in terms offering high quality facility to
consumers but also in enhancing economic growth of a country.
 Present report is conducted on The Ritz Hotel, London which was opened
in the 1906 and offer high quality Services and facilities to consumers.

Assessment of the political, economic, social, technological, legislative
and environmental factors
 Political factor:
Political system and risk have major impact upon business operations and the manner in which
company undertake. The Ritz Hotel, London is performing its operations in the provinces of London with
stable government.
 Economic factors:
The Ritz Hotel, London is operating in United Kingdom with effective and strong economic market
which encourage creativity and uniqueness.

Cont....
 Social factors:
In this factor behaviour, lifestyle, trend, values, demographic, education level and income of consumers
impact upon business operations and decisions. The Ritz Hotel, London while operating in the provinces of United
Kingdom measure higher education and high-income level of consumers which helped them to perform their
business efficiently.

Cont....
 Technological factors:
Technology is significantly changing in every industrial sector around the world. In this it is essential for
company emphasize upon implementing high tech technology and equipment’s and offer feasible options to
consumers such as self-check in and check out with online payment options in effective manner.