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Affect of Brexit on Hotel Industry: Research Project

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Added on  2020-05-03

Affect of Brexit on Hotel Industry: Research Project

   Added on 2020-05-03

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Running Head: The affect of Brexit on hotel industry 1 Research ProjectThe affect of Brexit on hotel industry of Britain
Affect of Brexit on Hotel Industry: Research Project_1
The affect of Brexit on hotel industry 2Task 11.1 (a) Aim and objective of the researchThe main aim of this research is to identify the issues on the Britain hotel industry due to Brexit. The objective of this research is to search out the reason of the influence of Brexit on the tourism industry.(b) Research questionsThe research question of this research is mentioned below:What are the major impacts of Brexit over the Britain hotel industry?In what manner the bad influence can be reduced to increase the demand of hotel industry in Britain?
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The affect of Brexit on hotel industry 31.2 justificationThe research focuses on the evaluation of the impact of Brexit ion the Britain hotel industry. An analysis has been carried out to evaluate the various factors which may the reason of trouble in the travelling of the tourist to Britain.
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The affect of Brexit on hotel industry 41.3 introduction and literature reviewIntroductionBrexit is considered as the popular term for the perspective exit of United Kingdom from the European Union. The impact of Brexit is heavy over the hotel industry of Britain because the policies and rule are changed for the Britain which was same as other countries that is part of the European Unions (González, 2016). This section will be able to give clear information regarding the influence of Brexit on the Britain hotel industry. The literature review will be reflecting with concise information and affect of Brexit.Literature reviewThe scenario for the hotel industry is almost mirrored. The influence of Brexit on hotels couldbe influenced by a more restrictive policy decreasing the flow of workforce. It is hard to calculate the even estimated cost of the hotel industry as an entire as it hugely reliable on the deal that is fulfilled between UK and the EU. The employees of the hotel industry are being force to leave the job due to amendments in the legislations (Yukins and Bowsher, 2016). It has been evaluated that in 2015 the contributions of EU country was 48% of the entire UK inflow of Foreign Direct Investment. As per the report of PWC, the investments of hotel in the term of ending 2016 were down 75% by reason of the uncertainty following the Brexit referendum. There are some key deals are existed in the hotel industry that initiated at the endof 2015 which have been delayed or incomplete due to the uncertainty of the Brexit. It consistGrosvenor House Hotel, Birmingham and London Hilton Metropole hotels and the collection of Shiva hotels. It has been analyzed that there were major issue has been arisen due to uncertainty but the deflation of pound has enhanced the level of interest in inbound investment from regions like Asia (Lathan, Green and Chagani, 2017). It has been discussed
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