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The Contemporary Hospitality Industry: Assignment

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Added on  2020-10-23

The Contemporary Hospitality Industry: Assignment

   Added on 2020-10-23

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The Contemporary HospitalityIndustry
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The Contemporary Hospitality Industry: Assignment_2
INTRODUCTIONHospitality is one of the biggest industry in UK. It includes hotel, pubs, restaurants, leisurecompanies etc. It produces around 4% of GDP of UK. It helps in overall financial rise in localeconomy, regional economy, national economy. Hospitality industry have many segments like foodand beverage, accommodation, lodging, travel and tourism etc. The Milestone hotel is a 5 star ratedhotel at London, UK.Originally built as a house in 1884 and converted into the hotel in 1922. Thisfile will consider internal and external analysis of the hotel and how it helps in decision makingprocess, current trend in hospitality industry etc.(Edema, Iheanacho and Ekpe, 2017). MAIN BODYPESTLE Analysis It includes the factors of external factors which affects the execution of busienss. It includesfollowing factors-Political- Political factors affected on whole hospitality industry in direct way. Changes ingovernment and their policies impacting the hospitality industry.The many things include inpolitical factor such as war, terrorism, election and governmental policies make impact on thewhole industry through change in policies(Hotel and et.al., 2017).Economical factor-It considers points like international trade, inflation, seasonality, taxation etc.This all impact on hospitality industry in wide range. In past few years, the industry is making bigIllustration 1: PESTLE Analysis(Source: PESTLE Analysis,2016)
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