Assignment on Trends In Hospitality

Trends In Hospitality 1
TRENDS IN HOSPITALITY
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TRENDS IN HOSPITALITY INDUSTRY
Introduction

Trends In Hospitality 2
Hospitality industry is the social services performed via offering the lodging rooms as
well as other luxury services. It remains a massive industry because of the variety of businesses
it holds. In the global economy, the contribution of hospitality industy is more than eight trillion
dollars along with supporting approximately three hundred million occupations across the
Universe. To thrive in this business of hospitality it remains essential for us to keep up with the
contemporary trends in the hospitality industry. One of the main hospitality property business
selected in this paper is the Hotel Industry. The two contemporary trends selected include
globalization and Sustainability in Hotel.
1) Sustainability in Hotels
Over the past few years, hoteliers have shifted their focus to the significance of
sustainability in the industry of hospitality as it relates to hotel operations and development,
including the environmental, social and economic impact. Sustainability remains one of the most
essential issues presently facing our universe.
It is true that this sector has historically had a dramatic environmental impact via energy
as well as water consumption, as well as use of durable and consumable goods (Kim, Kim, Choi
and Phetvaroon 2019). It is true that hotels consume energy for fuel, lighting as well as other
power needs. H2O is use for bathrooms, Landry, and other general operations (cleaning,
irrigation and maintenance). Waste is produced by the disposal of batteries, paper, furniture,
bulbs, appliances, and equipment (Novacka, Pícha, Navratil, Topaloglu and Švec 2019).
Economically, myths take into consideration that green operations remains more expensive and
most of the customers are not interested in this issue of sustainability. To me, the reverse remains
true for both. Many researchers argue that the hospitality industry remains joining the
unprecedented mobilization all over the world in mitigating adverse environmental impact

Trends In Hospitality 3
(Boateng 2019). Today hoteliers start to realize that they may offer enhanced guest experience
mainly by integrating natural elements into the business (Agarwal and Das 2019). For instance,
numerous key hotel brands have included some level of sustainability into the definition of
brand. This allows them to attract money customers into the business. According to some
researchers, some of the major eco-friendly hotel industry trends include: conserving energy,
eliminating plastic, creating a paperless hotel, minimizing the use of water, and incorporating
sustainability into hotel architecture (Talib, Ariff, Hanafiah and Hasim 2019). Thus, It is true
that there is a lot of work that need to be done to make this industry (hospitality industry) an
economically sustainable sector.
2) Globalization
The strategies and trends have had huge impacts on the hotel industry. Globalization
performs the role of incorporating all people as well as groups from various parts of the universe
in the WEG (World Economic Growth). Globalization entails the integration of cultures,
societies, and regional economies via a global system. Some of the key drivers of globalization
are economic, social, cultural, technological, and political factors, because they remain known to
impact the economy in different ways (Zhang, Wang and Cheng 2020). It is true that diversity
has reached to a point that many hotels remain earning over sixty of their incomes mainly from
internal branches (Aji, Okoro and Managwu 2019). When people are moving to other nations,
either for tourism, business purpose, international organizations meetings, education and
training: the individuals moving have to search for places to reside in; this remains an increased
business in this industry.
Globalization has initiated the development of economic integration (EI) that has
encouraged corporation among countries, when there is corporation; international hotels may