Contemporary Hospitality Industry Report: Analysis and Recommendations

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Added on  2023/02/03

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This report provides an in-depth analysis of the contemporary hospitality industry, examining its current scale, scope, and diversity, including the number of businesses, types of ownership, and their impact on the UK economy. It explores the organizational structures of different hospitality organizations, discussing operational, managerial, and legislative issues. The report highlights the impact of technology, sustainability, and future trends such as increasing millennials, leveraging technology, focusing on health and well-being, and social media promotion. The report concludes by summarizing the impact of these trends and the challenges faced by the hospitality industry, referencing relevant research to support its findings. It also discusses the importance of adapting to future trends and emphasizes the importance of considering the impact of these factors on the organization and its success.
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Contemporary
Hospitality Industry
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INTRODUCTION
Hospitality industry is considered as a wide area of businesses
which focuses on providing services to customers and ensure that
they are been satisfied from the experience they have with the
hospitality sector.
Restaurants, amusement parks, hotels, event planning,
transportation, etc., are all included in the Hospitality industry
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3.1 Various issues affecting
hospitality industry
Operational Issues
Managerial Issues
Legislative Issue
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Cont..
Operational issues:
Food miles
Change management
Globalisation
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Cont..
Legislative issues:
Brexit
Minimum wages
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3.2 Hospitality industry's
current image
Electronic and technology
Mobile enabled front desk management
Sustainability rules
Real time damage control
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4.1 Future trends in hospitality
Increasing Millennials
Capitalise on tech
More emphasize on health and well- being
Green living
More Focus on Social media promotion
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4.2 Impact of future trend and
developments
Impact of increasing millennials
Impact of capitalise on tech
Impact of emphasizing on health and well being
Impact of social media promotion
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CONCLUSION
There are various issues that would affect the organisation.
Current and future trends in Hospitality business have a great
impact on the organisations functioning and profit or
success.
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References
Claveria, O., Monte, E. and Torra, S., 2015. A new forecasting
approach for the hospitality industry. International Journal of
Contemporary Hospitality Management, 27(7), pp.1520-1538.
Jauhari, V. and Bharwani, S., 2017. An exploratory study of
competencies required to cocreate memorable customer experiences
in the hospitality industry. In Hospitality Marketing and Consumer
Behavior (pp. 159-185). Apple Academic Press.
Jones, P., Hillier, D. and Comfort, D., 2016. Sustainability in the
hospitality industry: Some personal reflections on corporate
challenges and research agendas. International Journal of
Contemporary Hospitality Management, 28(1), pp.36-67.
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