Contemporary Hospitality Industry: Task 3 & 4 Report Analysis

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Added on  2023/02/07

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This report provides an in-depth analysis of the contemporary hospitality industry, focusing on operational, managerial, and legislative issues. It examines the scale, scope, and diversity of the industry, including its contribution to the UK economy and the impact of various trends and developments. The report highlights challenges such as managing change and skill shortages, as well as legislative concerns like minimum wage. It also explores the current image of the hospitality sector, its contribution to the GDP, and the potential trends and predictions for the future, including the impact of technology and changing consumer preferences, such as the rise of millennial clientele. The report uses the example of Hotel Football to illustrate key concepts and concludes by summarizing the rapid growth and importance of the hospitality sector in the UK, emphasizing the role of professional bodies in monitoring operations.
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Contemporary Hospitality
Industry
Task 3&4
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Table of Content
Introduction
Operational, Managerial And Legislative Issues Due To Recent Developments
Current Image Of Hospitality Industry
Presenting Potential Trends And Prediction In Hospitality Industry
Impact Of Trends And Development On Businesses
Conclusion
References
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Introduction
Hospitality is one of the most important industry which is known for
delivering range of services specially for the tourism sector. It delivers
lodging food and beverages and other related facilities which are used
by people who travel. Hotel football is an upscale football themed hotel
overlooking old Trafford. It was started in 2015 and since than known
for its unique services. The following report will talk about the scale and
operations that are carried out under this group which will further assist
in understanding the hospitality sector in more detail.
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Operational, Managerial And Legislative Issues
Due To Recent Developments
Operational issues: The managing of change in an
organisation can be considered as the primary challenge
to a business operating in the hospitality sector.
Managerial issues: The managerial issues to which this
industry is exposed is skill shortages.
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Cont..
Legislative issues: The minimum wages can be referred to be as
legislative problem which is being encountered by management.
The minimum wage which has been set by the government is not
sufficient to lead an ideal life however there have been instances
where the hospitality institution have violated the minimum wage
legislation and are hiring employees with salaries less than the
minimum prescribed income by the government.
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Current Image Of Hospitality Industry
The contribution of this industry in the GDP of the country stood at 4%
which is exceptional. Out of which 17% is being contributed by the
hotels and accommodation which is highest in this industry.
It can be said that hospitality industry have been sustainable and is
successful in absorbing political shocks which has been attained in
the form of Britain exiting from the European Union. This sector
have been able to provide significant contribution in terms of finance
and infrastructure to the economy of the United Kingdom.
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Presenting Potential Trends And Prediction In Hospitality
Industry
It has been observed that millennials will emerge as the
biggest section of clientele of an organisation as they are
continuously looking to avail transformational
experiences.
The technology will be a major contributor to success and
failure of an organisation. The guests will be preferring
technologies oriented services and amenities which are
to be opted by an organisation.
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Impact Of Trends And Development On
Businesses
Considering the trends and preferences, it can be said that
Football will be availing ample of opportunities to
increase its sales revenue and profits at the same time.
However a business have to keep track of development
which are being taking place in the market in the form of
street food and gourmet restaurants which are causing a
major threat to business.
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Conclusion
As per the above report it has been summarized that
hospitality sector is one of the rapid growing industry in
UK that assist in economy development and growth. On
hospitality organizations, major control has been derived
by some professional bodies to monitor operations and
working approaches in effective manner.
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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.
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