External Factors Impacting Chesterfield Mayfair Hotel Development

This report provides a comprehensive analysis of the Chesterfield Mayfair Hotel, focusing on its business environment and strategic positioning. It begins with an introduction to the hospitality industry and the hotel itself, followed by a detailed PESTLE analysis, examining political, economic, social, technological, environmental, and legal factors influencing the hotel's operations. A SWOT analysis is then presented, identifying the hotel's strengths, weaknesses, opportunities, and threats. The report further explores the impact of external factors on the hotel's development, discussing current and potential trends, such as sustainability, healthy food options, and technological advancements. An evaluation of the hotel's ability to develop products and services is included, along with an assessment of how external factors affect these trends. The report concludes with a summary of the key findings and a list of cited references.

TABLE OF CONTENT
INTRODUCTION
MAIN BODY
PESTLE Analysis
SWOT analysis
Impact of external factors on development of organizations
Implications of current and potential trends
Evaluation of ability of hospitality business to develop
products and services
How external factors impact on current and potential trends
and developments
CONCLUSION
REFERENCES

CHESTERFIELD MAYFAIR HOTEL

INTRODUCTION
The term hospitality industry determines that they
should provide better services to their customers with
enjoyable experiences.

PESTLE ANALYSIS
 Political
 Economic factors
 Social factor
 Environmental
 Technological
 Legal

Political: With context to Chesterfield Mayfair hotel,
It is largely dependent upon government regulation
of nations.
Economic factors Foreign exchange rate are other
factor of economy which will affect capability of
foreign travelers to improve hotel services.
Social factors Social media platforms are able to
exchange experience and skills that should be
create a pressure to travel.

Technological This factor consist of Chesterfield
Mayfair hotel provide security and other features
to make their guests make so comfortable such as
Wi-Fi services, lifts, intercoms are most common
services (Zhang, Kim and Goodsir, 2019)
Environmental Weather condition of hotel have a
difficult thing that technology can affect their
environmental effects but also lack of demand due
to inability of travelers to survive conditions
(Kandampully, Zhang and Jaakkola, 2018).
Legal: This factor should be considered that there
is crucial growth of this hotel industry.

SWOT ANALYSIS
 Strength
 Weakness
 Opportunities
 Threats

STRENGTH:
Safe and comfortable atmosphere: Chesterfield
Mayfair hotel of rooms with all facilities should be
provided by blanket, electricity, washroom, bed, sofas
and so on so that customer can feel like home.
WEAKNESS:
High taxes: The tax rate of Chesterfield Mayfair hotel
are vary from nation to nation but impose their high
tax rate in hotels and restaurant.

OPPORTUNITIES:
Uniqueness: Chesterfield Mayfair hotel is a very
competitive industry and provides a unique
experience with customers that they can attract
more customers and interact more customers.
THREAT:
Pandemic situation : Due to lockdown all
hotels and restaurants are closed so there is no
choice but to stay at home.

IMPACT OF EXTERNAL FACTORS ON
DEVELOPMENT OF ORGANIZATIONS
There are many external factors which can determine
hospitality industries and it is crucial for person to
person to identify those factors which can be
accomplished their goals and objectives (Kottas,
2020). It will be difficult that sustainable competitive
advantage is determined to accomplish their goals
and objectives in an efficient manner.