The Contemporary Hospitality Industry

The Contemporary Hospitality
Industry

• Introduction
• Environmental components that affect the development of company
• SWOT analysis for a hospitality business
• The implications of current and potential trends in hospitality industry
• Conclusion
• References
Table of content

Introduction
Hospitality industry refers to the incorporation of several services such as event
planning, accommodation, travelling & tourism, transportation and many more. It is wide
as well as fast growing sector along with this play important role in development of
economy.

To determine these environmental factors and their impact over the development of
Rosewood, the administration of respective firm can use PESTEL analysis. This framework
used by business venture to determine their impact on environmental factors. Explanation of
respective framework in relation of Rosewood are as follows:
Political- It include different elements such as national authorities policies and laws,
taxation policy, political stability and instability, foreign trade, trade restrictions and many
more.
Environmental components that affect the
development of company