Analysis of Ritz London and Contemporary Hospitality Industry Trends

This report offers a comprehensive analysis of Ritz London within the contemporary hospitality industry. It begins with an introduction to the hospitality sector, emphasizing its service-oriented nature and importance. The main body of the report delves into both the internal and external environments affecting the organization. External factors are evaluated using the PESTLE framework, examining political, economic, social, technological, environmental, and legal influences on Ritz London's development. Internal factors are assessed through a SWOT analysis, identifying strengths, weaknesses, opportunities, and threats. The report further evaluates the impact of external factors like globalization and economic trends, and discusses the implications of current and potential trends, such as solo travel and contactless technology, within the industry. The report concludes by summarizing the key findings and emphasizing the interplay of internal and external factors in shaping business development within the hospitality sector. References from various academic sources are provided to support the analysis.

Contemporary
Hospitality
Industry

Table of Content
• INTRODUCTION
• MAIN BODY
• CONCLUSION
• REFERENCES

Introduction
Hospitality sector refers to service providing sector which
includes accommodation, travelling and tourism, event planning,
transportation etc. It is a big project business which is based on
accessibility of time and income. It is highly developing industry within
market. In this report, there is discussion about internal and external
environment analysis of the organization.

Environmental factors affecting organizational development within
hospitality industry. For determining environmental factor which having
impact over development of Ritz London. To analyse the environmental
factors, there is a framework which is highly able to evaluate and
analyse the environmental external factor.
Environmental factor

PESTLE analysis
PESTLE analysis is the framework
which is able to analyse the external
environment of the organization.
PESTLE includes political,
economical, social, environmental,
technological and legal factors.
These all factors are going to be
discussed further for providing
enough information which is able to
impact the business organization
from development.

Political
This is one of the main factor which is able to influence the
development of organization within hospitality sector. This includes political
involvement, political stability, different laws and regulation on current basis,
future legislation, import and export duties, International pressure groups etc.
Through these included factor are highly able to influence the development of
an organization within hospitality industry. This is able to highly impact the
develeopment of business. This impact the overall business of the organization
within hospitality industry. This have directly impact on the tourist which is
due to change in laws and regulations and future legislation. Due to instability
of political environment create a highly difficult to an organization to develop.
This create instability in the political environment and create a decrease
business and decrease development of the organization.

Economical factor
In this analysis, this is the factor which includes economic trends,
recesation, general taxation, minimum wages and interest and
exchange rates. It can highly associated with economy of the country.
When any country economy is good, it can provide enough opportunity
for the organization to develop under hospitality sector. This is the one
which is directly impact in the business organization to develop and Ritz
London is directly impacted due to this economic factor. This is the one
which provide opportunity for the development within organization.

Social factor
This is the factor which is able to analyse the social environment
of the country that can directly impact the development of organization
within hospitality sector. This factor includes media views, demographic
change, Lifestyle Trends, ethical factors, advertising and publicity,
health consciousness, customer attitude and opinion towards the
hospitality factors and many more. This provide the opportunity for Ritz
London for development of the organization in effective manner.

Technological factors
This is the factor which can directly impact the development of
organization. Technology have the higher role in increasing demand of
hospitality sector. This is the one through which different work has
been done within the organization. There is use of different advanced
technology like payment method, ordering system and different other
applications which can highly applicable for the development of the
organization. Technology factors includes POS systems, Computer
technology development, licensing. technology access, global
Communications etc.

Environmental factor
In this present time, people get attracted towards the environment
due to which environmental factor plays an important role in the
development of business within a hospitality sector. Environmental factor
includes food packaging, wasting of foods, exhaust fumes, sustainable
Sourcing and governmental policies and climate change. These are the
factor which comes under environmental factor which directly impact
the environment and can help in better development of the organization
within hospitality sector. People get attracted due to effective handling of
environment by the organization and like to visit and consume their
services which increases profitability of the organization.

Legal factor
Legal factor plays an important role and directly able to influence
the hospitality sector. This is the one through which there can change in
different laws and regulations which can impact the business
organization within hospitality sector. This includes employment lawsm
Consumer Protection law, discrimination law, food and safety acts,
automatic pavement, health and safety at workplace. These are some
of the laws which need to be organization. Ritz London follows these
laws and is able to attract a large number of customer base due to trust
and help to development of the organization within the hospitality
sector.

SWOT ANALYSIS
SWOT analysis is a
Framework for analyzing
organizational strength,
opportunity, weakness, and
threats. This is the one which is
able to analyse internal
environment of the organization.