Marriott International: External Analysis Report, Business Development
VerifiedAdded on 2022/08/17
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Report
AI Summary
This report presents an external analysis of Marriott International, examining the economic, political, social, technological, and legal factors impacting the company. The analysis employs the PESTLE framework to assess the macro-environmental factors. Key findings include the impact of economic factors, such as the relationship between expenditure and revenue. Political factors like Brexit and terrorism, technological influences such as the Internet of Things and cloud technology, and social factors like consumer preferences are also discussed. The report highlights the importance of licenses for food and beverage services and examines key competitors like Wyndham Worldwide and Choice Hotels International. References to relevant academic sources are provided to support the analysis. The report also touches upon the effects of climate change and the need for businesses to adapt to changing circumstances. The report concludes by stating the importance of the company to be aware of all these factors.
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