This includes lots of features such as theme parks, additional fields, transportation, restaurants, lodging and event planning services. This would include factors like inflation, interest rates, economic growth, the unemployment rate and policies, and the business cycle followed in the country.
All these technological developments have their impact in the functioning and growth of the hospitality industry globally. So, overall these are positive signs for the hospitality industry. Many customers and business people utilize technologically integrated hotels because it is a way of achieving customer satisfaction quickly.
For instance, select any doughnut shape chart of PowerPoint in last slide. Undoubtedly, technology is an enabler of tourism. The technological factors have emerged to be the facilitators of demand for the tourism industry in the 21st century. The situation of demand is healthy and the hotel brands would be able to benefit from the current situation.
Political Factors The political factors play a major role especially in the economy of the country.
Environmental Factors Environmental and weather changes have a direct impact on many hotel industries. The exact opposite happens when economic activity is higher. All of the hotel industries earn a great revenue. The exact opposite happens when economic activity is higher. Staff training has also become more and more important to prevent any legal hassles.
The industry analysis template is ideal for MBA students who need quick PowerPoint slides for their numerous presentations. More guests accommodate in hotel, more services they demand and obviously they pay more which means industry will grow.
Technological What are current technology imperatives, changes and innovations? For international tourists, arrival is between September and March, while most national tourists prefer to wait until school holidays, which are during the summer months.
It gives three customization options of elements, styles and filters. Obviously, there are many factors which directly affects the hotel industry. The condition of the global economy is an important factor that affects the state of tourism industry.
Natural factors such as an earth quake, or natural factor directly affect the hotel sales. Societal attitudes to education, particularly in relation to government directives and employment opportunities.
Natural factors such as an earth quake, or natural factor directly affect the hotel sales. This will enable the hotels to concentrate on foreign travelers allowing the local market to get relief to Indian Hotel industry. Moreover, the shapes, charts, icons, color themes and effects are also changeable.
Political stability is always good for the hospitality industry.PESTEL Analysis of Hotel Industry by adamkasi | May 13, | Industries | 0 comments Hotels provide great and important services to not only tourists but also to the travelers of a particular country.
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Hotel industry Industry Analysis - Hotels, Motels, And Other Lodging Places The purpose of this study is to analyze the premium segment of the hotel industry. In this regard, we used primary data to focus on two hotels within the groups discussed to understand the relative importance of the strategic dimensions.
Hospitality/Tourism Industry Pestel Analysis If any of the industries is really too susceptible to the environmental factors then it is the hospitality industry. From changing weather to changing governments, all these factors can impact it deeply.Download