Impact of External Factors & Trends on Hospitality Development
VerifiedAdded on 2023/06/17
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Presentation
AI Summary
This presentation provides an analysis of the internal and external factors affecting the development of organizations within the hospitality industry, utilizing tools such as PESTLE and SWOT analysis. It specifically examines the Royal Lancaster London Hotel as a case study, exploring the impact of political, economic, social, technological, legal, and environmental factors. The presentation assesses the hotel's strengths, weaknesses, opportunities, and threats, linking these to the decision-making process. Furthermore, it identifies current and potential trends in the hospitality sector, including sustainable hotels, digitalized guest experiences, robot staff, virtual reality, personalization, and solo travelers. The presentation concludes by evaluating the hotel's ability to adapt to these trends and emphasizes the importance of understanding external factors to remain competitive. References to relevant academic sources are also included.
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