Report on Contemporary Hospitality Industry: Task 3 & 4 Analysis

This report provides a comprehensive overview of the contemporary hospitality industry, focusing on operational, managerial, and legislative issues. It examines the current image of the industry, considering factors such as rising operational costs and workforce shortages, and the impact of Brexit. The report analyzes predicted trends and developments, including increased travel due to higher disposable incomes and the rise of technology, and assesses their impact on the industry, particularly on organizations like IHG and the competition from street food vendors. It concludes by emphasizing the hospitality sector's significant contribution to the UK economy and its reliance on a diverse workforce. The report also includes references to relevant academic literature.

Contemporary
Hospitality
Industry
(Task 3 & 4)

Cover Content
Introduction
Operational, managerial and legislative issues
Current image of hospitality industry
Prediction and potential trends and developments
Impact analysis for predicted trends and developments
Conclusion
References

Introduction
Hospitality industry can be mentioned to be one of crucial segments of
the economy which is known to provide services relating to
accommodation and F&B services. The services by such institution are
catered to citizens of the country along with outside visitors to the nation.

Operational, Managerial and Legislative
issues
The analysis of major issues which arises from recent developments are
as follows:
 Operational issues: The major issues in terms of operations for a
hospitality organization is rising operating costs. It is one of the
major problem which has arises due to the changes which are being
carried out within an institution.

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 Managerial issues: The primary challenge which has been
encountered by the management is shortage of capable and skilled
employees for the organization.
 Legislative issues: The shortages in terms of workforce is further
heightened by the Britain opting out of European Union.

Current image of Hospitality Industry
The current image of hospitality industry can be best defined through
the annual reports which have been presented through British Hospitality
Association.
 The hospitality sector of the United Kingdom has played a pivotal
role in making sure that Brexit is a success as this industry have
provided with infrastructure and financial assistance which is
essential in catering the blows in the economy.

Prediction and Potential trends and
Developments
It has been identified that demand for hospitality industry is being
influenced by economic factors and consumer trends to a major extent.
The major predictions and trends in the hospitality sector are mentioned
below:
 Increase in the disposable of people have persuaded them to travel
and explore the world which has been profitable for this industry at a
world wide level.

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 The growth of people ageing above 60 years of age are more
inclined towards traveling and undertaken numerous multi-
purpose trips more often.
 The rise in technology have helped people in planning trips along
with carry out conveyance and accommodation booking through
mobiles.

Impact analysis for Predicted trends and
Developments
It can be said that these emerging trends and prediction have been
beneficial for hospitality industry. Primarily it can be said that the
healthy spending by the consumers have been economically beneficial
for the organization. The economies which are strong in nature
automatically invite business travelers leading to better economic
outputs.

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The performance of organizations such as IHG is stronger and
sustainable and will be able to retain its 5-6% of annual growth. The
restaurants will be facing a stiff competition from the street food seller as
they are now more convenient and cost friendly. Therefore it is essential
for institutions in mega corporations to lower down their prices and focus
on factors which can enhance customer re-visit.

Conclusion
It can be concluded from the above report that hospitality sector is one of
the major drivers for economy in the United Kingdom. This sector have
been performing on the large scale and has been employing ranging from
neighbor European nations. This organization undertaken use of
geographical division in organizational structure so that it is able to
manage its operations in the distinct nations.

References
Jones, P., and et. al., 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.
CG Davidson, M., McPhail, R. and Barry, S., 2011. Hospitality HRM:
past, present and the future. International Journal of Contemporary
Hospitality Management. 23(4). pp.498-516.