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Author: Caroline Mutuku
Publisher: GRIN Verlag
ISBN: 3668746435
Category : Business & Economics
Languages : en
Pages : 5
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Book Description
Essay from the year 2018 in the subject Tourism, grade: 1.4, , language: English, abstract: Today, the hospitality industry is experiencing immense challenges and opportunities, and this is attributable to the phenomenon of globalization. It is worth noting that globalization has facilitated market integration in the modern society. It is perceived that the forces of globalization and the new scenario of market integration are likely to persist into the 21st century and beyond. Over the years, the hospitality industry has undergone transient revolution due to the impact of globalization, in order to maintain its role and function in the modern society. It seems that there is creation of a universal lifestyle in the industry (Dubcová, Petrikovič & Šolcová 2011). This phenomenon has also been witnessed in other sectors. However, it is worth noting that different sectors have been influenced by globalization differently. Currently, business dynamics in the hospitality industry seem to have been transformed through market integration. For instance, interactions within the hospitality industry, as well as with other related sectors have changed significantly to open new opportunities (Munoz 2006). These changes are attributable to trade liberalization, emergence of new technologies which have reduced communication and lowered transportation costs, and created opportunities beyond borders. From an analytical perspective, the transformation of business dynamics has contributed to competitive activities and economic growth worldwide. On the other hand, the new wave of globalization has enhanced political and economic interdependencies through accelerating capital flows, and this has led to policy changes and governance in the hospitality industry. As a result, the hospitality industry has been forced to re-evaluate its role and function to meet the rapidly changing market place. Therefore, this paper will describe and analyze how the hospitality industry has evolved under the forces of globalization to remain relevant to the modern society.
Author: Caroline Mutuku
Publisher: GRIN Verlag
ISBN: 3668746435
Category : Business & Economics
Languages : en
Pages : 5
Get Book Here
Book Description
Essay from the year 2018 in the subject Tourism, grade: 1.4, , language: English, abstract: Today, the hospitality industry is experiencing immense challenges and opportunities, and this is attributable to the phenomenon of globalization. It is worth noting that globalization has facilitated market integration in the modern society. It is perceived that the forces of globalization and the new scenario of market integration are likely to persist into the 21st century and beyond. Over the years, the hospitality industry has undergone transient revolution due to the impact of globalization, in order to maintain its role and function in the modern society. It seems that there is creation of a universal lifestyle in the industry (Dubcová, Petrikovič & Šolcová 2011). This phenomenon has also been witnessed in other sectors. However, it is worth noting that different sectors have been influenced by globalization differently. Currently, business dynamics in the hospitality industry seem to have been transformed through market integration. For instance, interactions within the hospitality industry, as well as with other related sectors have changed significantly to open new opportunities (Munoz 2006). These changes are attributable to trade liberalization, emergence of new technologies which have reduced communication and lowered transportation costs, and created opportunities beyond borders. From an analytical perspective, the transformation of business dynamics has contributed to competitive activities and economic growth worldwide. On the other hand, the new wave of globalization has enhanced political and economic interdependencies through accelerating capital flows, and this has led to policy changes and governance in the hospitality industry. As a result, the hospitality industry has been forced to re-evaluate its role and function to meet the rapidly changing market place. Therefore, this paper will describe and analyze how the hospitality industry has evolved under the forces of globalization to remain relevant to the modern society.
Author: Anderson Brians
Publisher: GRIN Verlag
ISBN: 3656404879
Category : Business & Economics
Languages : en
Pages : 15
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Book Description
Seminar paper from the year 2011 in the subject Business economics - Miscellaneous, grade: B, University of Cambridge, language: English, abstract: The rapid development of international economic integration and globalization has led to significant changes in hospitality industry. Therefore, it is necessary to dwell on various aspects of globalization as the process influencing the current and future developments in hospitality industry. This research will be based on the assumption of a generally beneficial impact of globalization on the industry’s development, and the analysis presented here will seek to substantiate this claim. For the purposes of this discussion, globalization shall be defined as the “ever-tightening network of connections which cut across national boundaries, integrating communities in new space-time combinations” (Hall 1992, p.299). While this definition may seem excessively broad, it is likely to better encapsulate the essence of globalization than the explicitly economy-oriented ones. This paper shall deal with the various expressions of globalization influences in modern hospitality industry. Given the extremely important role of the multinational corporations (MNCs) in contemporary tourism and hotel sectors, a case study of Hilton Hotels Corp. as the paragon of the globalized hotel chain will be integrated in this research. Further, a Business Performance Management (BPM) theoretical model shall be employed to evaluate the comparative performance of the prominent global hotel chains. Proceeding from the latter, a preliminary conclusion on the present state of the market may be formulated. Similarly, the problems of labour market and technological innovations shall be integrated into the study’s research framework. Finally, the issue of business strategies shall be raised, with several examples thereof being subjected to comparative analysis.
Author: Christoph Müller
Publisher: GRIN Verlag
ISBN: 3640897439
Category : Business & Economics
Languages : en
Pages : 20
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Book Description
Essay from the year 2011 in the subject Tourism - Hotel Industry / Catering, grade: A, The University of Surrey, language: English, abstract: This paper deals with the impact of the internet and social media on the hotel industry. In particular, it points out how the rules of the game have changed in today’s dynamic and global environment and how hotels need to operate if they are to succeed from a long-term perspective. Likewise, it outlines how activities on both the buy-side and sell-side can be enhanced through the implementation of internet-enabled technologies. Furthermore, the paper highlights barriers that might inhibit further development of e-business. Practical examples are used throughout the paper and an industry analysis using Michael Porter’s Five Forces model and a case study are provided in the appendices in order to promote understanding.
Author: Frank M. Go
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 444
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Book Description
Author: Jorge Marques
Publisher: Springer Nature
ISBN: 3031316827
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
The hotel industry has gone through important transformations, not only in terms of management and operation but also in terms of interaction with consumers. Technological development and adaptation to the digital era have been one of the greatest challenges for hotels. This book aims to fill the gap in the literature in this specific area of the tourism sector and contribute to a better understanding of trends and challenges in the hotel industry on a global scale.
Author: Ahmed Hassanien
Publisher: Routledge
ISBN: 1351033689
Category : Business & Economics
Languages : en
Pages : 287
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Book Description
Hospitality Business Development analyses and evaluates the different aspects of business growth routes and development processes in the international hospitality industry. It considers the essential features of the strategic business context, in which any hospitality organisation operates. Since the first edition, the hospitality industry has evolved significantly with the emergence of new entrants, new technologies and evolved global market structures. This new edition has been updated to reflect these developments in the field and includes the following: New contemporary topics such as social enterprises, business models, social capital, value proposition, co-creation and the sharing economy. Examples and case studies on hospitality organisations from across the world to demonstrate the globalisation of the hospitality business. A new up-to-date standard for explaining the hospitality business development concept, scope and process. This book equips students and aspiring hospitality managers with the necessary knowledge, expertise and skills in business development. It is a must-read for anyone studying or working in the hospitality industry.
Author: Amy Hurd
Publisher: Jones & Bartlett Learning
ISBN: 1284249441
Category : Sports & Recreation
Languages : en
Pages : 376
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Book Description
Kraus' Recreation and Leisure in Modern Society provides a detailed introduction to the history, developments, and current trends in leisure studies. The Twelfth Edition focuses on the challenges and opportunities impacting the profession—including dramatic demographic changes, new technologies, and innovations in marketing—through an array of pedagogical features, including engaging sidebars and case studies addressing contemporary issues. Focusing on ten different types of organizations—ranging from nonprofit community organizations and armed forces recreation to sports management and travel and tourism sponsors—the Twelfth Edition is an invaluable resource for students considering a career in the recreation and leisure industry
Author: Mclean
Publisher: Jones & Bartlett Learning
ISBN: 1284106810
Category : Medical
Languages : en
Pages : 329
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Book Description
The Eleventh Edition of Kraus' Recreation and Leisure in Modern Society provides a detailed introduction to the history, developments, and current trends in leisure studies. It addresses contemporary issues facing the recreation and leisure profession and focuses on challenges and opportunities that impact the profession now as well as years from now. Extensive research into emerging trends helps support the text and provide insights into the future.
Author: Bindi Varghese
Publisher: CRC Press
ISBN: 1351593897
Category : Business & Economics
Languages : en
Pages : 524
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Book Description
This volume highlights a broad selection of valuable research work by renowned professionals and scientists from academia and the travel industry, bridging academic perspectives and research with practical applications. It provides a wide-ranging vision of a multitude of trends in the global travel and tourism industry today and in the future. Adopting an integrated and interdisciplinary approach, the contributors examine a diverse selection of topics and share their research and exploratory investigations to frame their implications and outcomes. The volume reflects upon the wide-ranging conceptual approaches to the subject of tourism and includes varying paradigms and perspectives on the core elements of the tourism sector. The overall thrust of the book is to provide a required critical depth to tourism studies and to guide the reader through the fundamental themes of tourism, destination marketing, branding, and management.
Author: Katherine Doggrell
Publisher: Bloomsbury Publishing
ISBN: 1472968719
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
Is it time for traditional hotels to check out? As one of the world's most established industries, the hotel sector has remained relatively unchanged and unchallenged for decades. Yet traditional hotels have recently come under increasing pressure on two major fronts: from disruptors in the sharing economy such as Airbnb, and by a rising wave of modern consumers who have become re-educated by social media and hotel comparison websites. Can this traditionally slow-moving sector reinvent itself or will it become increasingly marginalized? Is it time for traditional hotels to check out? Increasing numbers of hoteliers believe that traditional hotels are on the brink of a resurgence in popularity. Global hotel chains are catching up to modern trends – adding technologized curation and personalisation to their offerings. In Checking Out, Katherine Doggrell interviews key figures in the hotel industry and draws upon various case studies to explore the ways in which this traditionalist industry can remain relevant in the 21st century. The hotel 'experience' has been redefined, as guests now value fast Wi-Fi and mobile check-ins over room service and mini-fridges. Checking Out is an engaging investigation into the unprecedented challenges that face the hotel sector in the digital era and the strategies that are being employed by its leaders and innovators.
