Report on Contemporary Hospitality Industry: Hazev Restaurant Analysis

This report provides an in-depth analysis of the contemporary hospitality industry, with a specific focus on the Hazev restaurant. It begins with an introduction to the hospitality sector, defining its scope and highlighting the services offered. The core of the report centers on a PESTLE analysis, examining the political, economic, social, technological, legal, and environmental factors influencing the restaurant's operations. This is followed by a SWOT analysis, which evaluates the internal strengths and weaknesses of the Hazev restaurant, as well as the external opportunities and threats it faces. The report concludes with an overview of the findings, emphasizing the importance of strategic planning and adaptability within the dynamic hospitality landscape, and references relevant sources including books, journals and online resources.

Contemporary Hospitality
Industry

Table of Contents
INTRODUCTION.......................................................................................................................................3
TASK..........................................................................................................................................................3
Duties, rights and competence of directors..................................................................................................3
Committee work......................................................................................................................................5
Board structure and styles........................................................................................................................6
CONCLUSION...........................................................................................................................................8
REFERENCES............................................................................................................................................9

INTRODUCTION
The hospitality industry refers to those business organization that afre concerned with the
providing services to the customers. Mainly range of hotels and services are covered under the
list of hospitality industry. The Hazev restaurant is the a UK based restaurant which was found in
the 1999 by Mr. Onder Sahan. The present study includes a brief review of various internal
external factors having effect over the business of the restaurant. Further the study also provides
an analysis of numerous current and potential trends of the hospitality industry which may effect
the business of the overall hospitality industry.
LO 3
PESTLE analysis of the hospitality industry
PESTLE analysis helps a business in analyzing various external factors of the business
that can effect the business operations of the company. PESTLE analysis of the Hazev restaurant
is as under:
Political factors:
A restaurant business gets too much affected by the political factors of the country. The
political changes results in changing the regulations and rules applicable over the business. Due
to such changes the restaurant also needed to change its policies and procedures accordingly.
Frequent change in the policies and procedure of the business may result in reduction in the
efficiency of the business. In this regard this factor have influence over the Hazev restaurant.
Economical factors:
These factors includes the inflation rate, spending power of customers, saving rates in the
country, etc. these factors affects the sale of restaurant. In case the saving rate of the population
is high, it would result in enhancing the spending power of the customers and sales of the Hazev
restaurant as well. On the other hand the increase in the inflation will have a negative effect over
the sales and the profitability of the company.
Technological factors:
In present time, no business is being non effected by the influenced by the technological
factors. Being a restaurant, the Hazev also have majorly influenced by the technological facyors.
If the company does not innovate its business operations like taking online orders from the
customers and making them food available at their home, the business would loose its customers.
Therefore, the restaurant also needs to influence its business as per the technologicl changes in
the market.

Legal factors
The legal factors includes the rules, laws and regulations of the country. As these are
applicable over each person of the country, this factor also influence the hospitality industry. In
case, any of the activity is performed by the Hazev restaurant against the rules of the country, it
would result in attracting penal provisions towards the restaurant.
Social factors:
The social factors includes the culture of the country. The culture directly effects the taste
and preference of the population which largly effect each business organization. The Hazev
restaurant also gets effected by this factor, as it has to set its menu, interior design, types of food
provided to the customers needs to be as per the taste and preference of the customers.
Environmental factors
Environmental factors includes the weather and seasonal conditions of the country. A
hospitality industry have huge effect of this factor. for example, the Hazev restaurant needs to
add new dishes in the menu as per the season of the country. It would result in increasing the
sale, customer attraction and profitability of the business.
From the above PESTLE analysis, it can be analysed that a HAzev restaurant being
business of hospitality industry gets largly effected through various external factors. Although,
these factors can not be controlled by the restaurant, but the it can develop strong strategies as tlo
reduce or eliminate the impact of these factors over it.
SWOT analysis of hospitality industry
For the purpose of analyzing the impact over various internal factors, the business can do
SWOT analysis of its business operations. Impact of thses factors can be controlled by the
hospitality industry as these are under controlled by a business organization.
The SWOT analysis can be done as under:
Strengths : Being a part of hospitality industry, the Hazev restaurant have following strengths:
 The location chosen by the restaurant helps the restaurant in attracting a large amount of
customers towards it.
 Bing a multi cousin restaurant, it has an ability to attract each type of customers.
 The restaurant has employed professional workers through which it can provide more
better services to the customers.
 Technological advancement is the greatest strength of it.
Weakness:
 Employing numerous professional workers has increased the cost of the company.

 The restaurant has failed to maintain coordination among the employees.
 Management and forecasting of the food s not proper. It has resulted in enhancement of
mismanagement in the business.
Opportunity
 By providing a better management of the restaurant, the company can enhance its
efficiency of working.
 Being a old restaurant, it has a well established brand equity in the market.
 Technological development can also provide a huge benefit to the restaurant.
Threats
 Large amount of profit margin has enhanced the competition in the market.
 Mismanagement in the business may provide a huge loss to the company.
in this regard, it can be analysed that there are numerous strangths and weaknesses of the
Hazev restaurant along with various opportunities and threats. With the proper management
and development of strong strategies, the restaurant can gain a huge profit in the near future.
CONCLUSION
REFERENCES
Books and journals
Online