Premier Inn: Evaluating Trends & Impacts on Hospitality Industry

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Added on  2023/06/15

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AI Summary
This report examines the internal and external environmental factors influencing the hospitality industry, focusing on Premier Inn. It utilizes PESTLE analysis to assess political, economic, social, technological, legal, and environmental factors affecting Premier Inn's profitability, including government regulations, taxation policies, online booking facilities, and legal compliance. A SWOT analysis identifies Premier Inn's strengths, weaknesses, opportunities, and threats, noting its large UK presence and high occupancy rates, but also its limited international reach and vulnerability to competitors and events like the COVID-19 pandemic. Current trends, such as increased hygiene measures and provision of fast internet, are also discussed. The report concludes by emphasizing the importance of analyzing these factors to develop strategies for mitigating risks and enhancing profitability. Desklib offers similar solved assignments for students.
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THE
CONTEMPORARY
HOSPITALITY
INDUSTRY
PREMIER INN
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INTRODUCTION
The report illustrates factors influencing the
internal and external environment that impact the
hospitality industry
the current and potential trends that affects the
hospitality industry.
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INTERNAL AND EXTERNAL IMPACTS
PESTLE ANALYSIS
PESTLE analysis examines the macro factors that
impacts the profitability of the Premier Inn.
these factors include political, economic, technological,
legal and environmental factors.
Government regulations, taxation policies a preservation
of the cultural and historic monuments affects the growth
of the hotel.
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COUNTINUE
Online booking facilities are also provided by the hotel.
Government are offering tax deductions in the hotel industry
for the growth of the economy.
Premier Inn hotel have to follow the provisions of the laws and
terms of the hotels are made strict regarding the identification
of the tourists.
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COUNTINUE
SWOT analysis
SWOT analysis helps to examine
the strength and weaknesses of the
Premier Inn.
also to exploit the opportunities
and focus on the threats which can
damage the image of the hotel. It is
the British hotel chain and is the
largest hotel in UK.
The occupancy rate of the Premier
Inn of more than 76.3% and has a
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COUNTINUE
Premier Inn operates in very limited
countries and does not have wider present
The hotels have 28 hotels in Germany and
seeks for more growth opportunities in the
future.
The competitors of the Premier Inn can be a
threat that has same budget in the country.
Due to the COVID-19, many businesses has
been affected and Premier Inn has also
incurred huge loss due to lockdown.
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Current trends affecting the development
Due to the pandemic Premier Inn is
now highly focusing on hygiene
safety of the tourist and measures
have been taken like mask has been
made mandatory, use of hand
sanitizers and regularly checking the
cleanliness of the rooms and
restaurants.
The hotel is providing the facility of
fast internet connections through Wi-
Fi facility.
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CONCLUSION
It can be summarized from the above report that various factors
impacts the profitability
profitability of the hotel industry. Premier Inn focused on
analysing all the factors and threats and make strategies in
order to reduce the effects of pandemic on the hotel.
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REFERENCES
Atherton, J., 2019. Social media strategy: A
practical guide to social media marketing and
customer engagement. Kogan Page Publishers.
Nwokah, N.G. and Briggs, J.T., 2017. Internal
marketing and marketing effectiveness of hotel
industry in Rivers state. Journal of Human
Resource and Sustainability Studies 5(04) p.238
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