Analysis of Contemporary Hospitality Industry: Task 3 & 4 Report

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Added on  2023/02/03

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This report provides an analysis of the contemporary hospitality industry, addressing managerial, legislative, and operational issues. It explores the current scale, scope, and diversity of the industry, examining the number of businesses, types of ownership, and their impact on the UK economy. The report discusses organizational structures, the impact of technology, and future trends in the hospitality sector, including the importance of millennials. It also examines the impact analysis for the predicted trends, and the role of the hospitality sector in UK. The report concludes with a look at the future of the industry, supported by references to relevant research and publications.
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Contemporary
Hospitality Industry
Task 3 & 4
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Content covered
Introduction
Managerial, legislative & operational issue
Current image of hospitality industry
Prediction for the development and trend
an impact analysis for the predicted trends
Conclusion
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Introduction
Management and operation are
essential elements in hospitality
industries which assist the functions
and execute the business. This report
contains the analysis, scale and
diversities of the hospitality industry.
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Managerial, legislative & operational issue
Operational issues: There are type of operational issues was faced by
Intercontinental Hotel groups at initial stage like combining and merging the
similar accommodation services, following health and safety standards, food
miles and provenance and change management, globalisation and
managerial risk like lack of professional skills and knowledge to deal with
challenges.
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Legislative issues: Legal policies and regulations remains the part of these
issues as minimum wage rate and payment policies, working hours and leave
policies and Brexit policies.
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Current image of hospitality industry
Hospitality industry is one of the booming industry in present global
accommodation and hospitality services. At present of hospitality industries
have vast opportunities to have to expand the business. It has expanded
quickly, which is favourable symptoms for hospitality sector.
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Trends and development in hospitality industry
Hospitality industry need to define strategies based on millennials
personality traits and habits because It are early adopters of technological
change, It are spontaneous and It travel a lot. Hospitality industry have to
follow the concept of technology explosion.
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Impact analysis for the predicted trends
There is a huge change found in respect of hospitality administration and
management in the UK hospitality sector. Importance of hospitality sector
increase since 10 years. Increasing trend and analysis of business
administration and management indicates towards sustainable growth and
development of hospitality industry in UK.
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References
Cooper, C., 2012. Essentials of tourism. Pearson Financial Times/Prentice
Hall.
Gin Choi, Y., Kwon, J. and Kim, W., 2013. Effects of attitudes vs
experience of workplace fun on employee behaviors: Focused on
Generation Y in the hospitality industry. International Journal of
Contemporary Hospitality Management. 25(3). pp.410-427.
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Thank You
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