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Hospitality (Hotel) Industry Swot Analysis

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Hospitality (Hotel) Industry SWOT Analysis
Terri Harris
Critical Thinking and Decision Making in Business/PHL320
April 13, 2015
Aileen Smith

Hospitality (Hotel) Industry SWOT Analysis One of the main reasons in preforming a SWOT analysis on or in any industry is to help form a well-built and secure business approach. A well-built approach depends on knowing the strength and weaknesses of the industry and find a way to turn those weaknesses into strengths. Also it is good to look at the opportunities and threats that come from external things. In determining the strengths, weaknesses, opportunities and threats in the industry one has to remember that the industry is considered short-term lodging and one has to look at the worldwide scope of the industry and how the area is affected by this.
The following is a form of displaying the SWOT analysis of the industry.

Strengths * Location * Safety * Feeds Local Economy | Weaknesses * High Employee Turnover * Capital Needs * Taxes | Opportunities * Specific Attractions * Seasonal * Websites | Threats * Competition * Changing Economy * Local Conditions |

What Are the Strengths of the Hotel Industry? Location is going is a major factor in the strength of the industry. Either it on a long stretch of road where people need to stop and sleep for the night or at a great tourist location. Both of these ideas bring money into the business. Safety is a top priority when traveling away from. A person likes to know that they can be safe and also have their proper that is with them be safe also. The local economy will get a boost also from the location of the industry.
What Are the Weaknesses of the Hotel Industry? In the Hospitality industry there is always a very high turnover rate in the employees. For most employees it is just a temporary job until something else comes

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