The Contemporary Hospitality Industry: An In-Depth Analysis Report

This report delves into the contemporary hospitality industry, using the Fairmount Hotel as a case study. It examines the influence of political, technological, economic, social, legislative, and environmental factors on the industry's performance. The report includes a SWOT analysis to aid decision-making, explores the impact of external forces on growth, and analyzes current and potential trends, such as catering to millennials and the tech explosion. It also assesses the organization's ability to adapt its products and services to meet these trends and how external factors influence them. The conclusion highlights the hotel's role in contributing to the country's economy through its diverse service offerings, supported by various references.

THE CONTEMPORARY
HOSPITALITY INDUSTRY

TABLE OF CONTENTS
 The contemporary hospitality industry
 INTRODUCTION
 MAIN BODY
 Examining political, technological, economical, social, technological, legislative and environment
factor that affect industry
 SWOT analysis in order to conduct review decision making
 Impact of external forces upon growth
 Implication current and potential trends
 Ability of organisation business to develop its product and service range to meet current trends
 How external factors influence upon current and potential trends
 CONCLUSION
 REFERENCES

INTRODUCTION
 In report Fairmount hotel industry is taken and whole concept related with hospitality industry is
discussing about.

CONTINUE…
 In detail it covers Examining political, technological, economical, social, technological, legislative and environment
factor that affect industry, SWOT analysis in order to conduct review decision making, Impact of external forces
upon growth, Implication current and potential trends, Ability of organisation business to develop its product and
service range to meet current trends, How external factors influence upon current and potential trends.

EXAMINING POLITICAL, TECHNOLOGICAL, ECONOMICAL, SOCIAL,
TECHNOLOGICAL, LEGISLATIVE AND ENVIRONMENT FACTOR THAT
AFFECT INDUSTRY
 Actual assessment towards political, technological, social, economical, environment and legislative that is mention below-
 Political factor-The factor of political has it stronger presence over the industry through reference of political party so that
it can banned many travelling activity. This has major influence upon tourism activity. This will impact upon country
specific activity of economy or impact upon overall decision making that is taken by the government. They will restrict
overall tax form control upon the reforms of hotel owner while paying tax range.

CONTINUE…
 Economic factor-The hotel focus upon strength and weakness in order to increase overall
attractiveness in respect of hotel due to vacation spot. Example- The industry of international consist
of high form of currency so that more foreign currency visit when dollar consumer went for vacation.

CONTINUE
 Sociocultural factor-The hotel will perform well in its leading and emergent season as that time
everyone in search of highly recognised hotel that can many diversifies services that contain something
valuable content as per preference of socioculture factor so that most of issue gets resolved during time
of leading seasons where room are not that much vacant.

CONTINUE..
 Technological factor –Traditional media of technological factor days of respective hotel as it can
apply proper media form of internet user that is essential to be consider in social media such as
Instagram, Facebook etc. The owner of Fairmount must focus upon more use of social media app.

CONTINUE….
 Legal factor-Potential consumer expect from hotel that their safety must be on priority by fulfilment of all laws executed
by the government. All laws must be activated with keeping in mind of welfare and safety concern with people.

CONTINUE…
 Environmental factor-It is much concern with hotel consumer as several of reason so that most of the
people gets visited, The gets highly influenced with surrounding area of weather that act as choosing factor
while selecting appropriate hotel.

SWOT ANALYSIS IN ORDER TO CONDUCT REVIEW DECISION
MAKING
 Establish the hotel aim-The analysis of SWOT is mainly determine working consideration of hotel in
order to examine accurate time face or the amount of money is essential. In this industry SWOT analysis is
utilise by the strategic in order to take strategic step for introducing property that can be refurbishment in
branding hotel. Here all the decision making covers by industry for the better utilisation.

CONTINUE….
 Plot the strength – This will considered as positive type of traits, that is associated with tangible
and intangible process of decision associated with hotel. The hotel combines of various elements
related with operational process so that it can be easily recognised in competitive environment.