Premium Essay

Tourism Industry Overview Paper

In:

Submitted By goodgrades
Words 2164
Pages 9
In recent years, a few large national hotel chains such as Marriott, Best Western, and Hilton have dominated the hotel industry. Travelers are familiar with establishments that exemplify dependability and quality at reasonable rates. Many hotels recognize the importance of brand loyalty to guests. In doing so, they have expanded their lodging options that are under one corporate name which includes a variety of hotels from limited service, affordable type hotels, and luxury inns. To help understand the tourism industry and the impact it has on the economy, this paper will cover a brief history with an overview, a SWOTT analysis of the Marriott Hotel, defining and addressing the impact of the real GDP, unemployment rate, inflation rate, consumer confidence, foreign exchange rate, and oil and gas prices.
Brief History & Industry Overview People travel for numerous of reasons such as for family vacations, business seminars, weddings, or just for a spontaneous getaway. A majority of them rely on hotels to accommodate them while their out of town. Hotels are considered more than just a place to stay, but a destination that offers a diverseness of activities to keep travelers occupied during their stay. Hotels differ as the many family and business travelers they accommodate. They range from 5-star hotels, bed and breakfast inn, to youth hostels. The main objective is simply providing a place to spend the night. However, if one chooses to stay longer a hotel can accommodate for extended stays with different types of dining, concierges to plan any type of activity or service that one may desire, and business centers to meet one’s needs.
SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) Analysis Marriott International, Inc. the world’s #3-hotel operator is a leading worldwide hospitality company. Their portfolio consists of nearly 3,000 lodging

Similar Documents

Free Essay

Htm 100 Assignment 2 Overview of the Hospitality and Tourism Industry

...HTM 100 Assignment 2 Overview of the Hospitality and Tourism Industry http://homeworkfy.com/downloads/htm-100-assignment-2-overview-of-the-hospitality-and-tourism-industry/ To Get this Tutorial Copy & Paste above URL Into Your Browser Hit Us Email for Any Inquiry at: Homeworkfy@gmail.com Visit our Site for More Tutorials: (http://homeworkfy.com/ ) HTM 100 Assignment 2 “Overview of the Hospitality and Tourism Industry” Due Week 8 and worth 250 points Write a five to six (5-6) page paper in which you: 1. Determine the challenges involved in managing a restaurant operation that are specific to your state, as well as how you would address those challenges. Such challenges to the restaurant industry may include regulatory issues, social concerns, competitive issues, and / or demographic and geographic issues. 2. Determine the impact of computerization on food service and lodging operations in your state, particularly in the areas of reservations, accounting, personnel management, and the recording of sales transactions. Consider the quality of technology infrastructure in your state and the degree of technology usage by potential customers visiting or using these services within your state. 3. Analyze the interdependence of food service, lodging, and meeting segments of the hospitality industry and make two (2) recommendations for how the synergy between the three (3) could be improved, using examples from your state to illustrate your case. 4....

Words: 493 - Pages: 2

Premium Essay

Thought It Was Safer Than His Own Business

...Assignment 4: Toward Sustainability? Tourism in the Republic of Cyprus Due Week 10 and worth 200 points Tourism has both a positive and negative impact on the local community. Many communities look toward tourism to bring strong economic growth and stability; however, often times, communities overlook the potential negative social, political, and environmental impact. For this assignment, refer to the case study titled “Towards Sustainability: Tourism in the Republic of Cyprus,” found in the Harris, L.C, & Husbands, W 1996 case book. Write a six to eight (6-8) page paper in which you: 1. Provide an overview of the tourism activities in Cyprus prior to the contemporary development and planning of tourism. 2. Assess the economic, social, political, and environmental impact of tourism prior to the contemporary development and planning of tourism. State why proper tourism planning and development was needed. 3. Summarize the contemporary tourism planning process the government of Cyprus, the Cyprus Tourism Organization (CTO), and the World Tourism Organization (WTO) conducted and the effects of the plan. Critique the plan’s effectiveness and recommend what could have been done differently. 4. Recommend three (3) strategies for moving Cyprus toward sustainability with its tourism industry. 5. Conduct a financial analysis of the tourism industry in Cyprus today and a future projection of tourism demand for Cyprus. 6. Compare and contrast another coastal tourism destination with Cyprus and differentiate...

Words: 263 - Pages: 2

Premium Essay

Marketing

...THE SWOT ANALYSIS OF TOURISM DEVELOPMENT IN BANGLADESH [pic] Based on a Study of MARKETING MANAGEMENT TERM PAPER ON THE SWOT ANALYSIS OF TOURISM DEVELOPMENT IN BANGLADESH |SUBMITTED TO | |MD. ABDULLAH | |Assistant Professor | |Department of Marketing | |Comilla University | |SUBMITTED BY | |MD. SHAHADAT HOSSAIN SUNNY | |Exam Roll No: 01 001 | |Registration No: MKT 07 322 | |MBA, 1st Semester | |Department of Marketing | |Comilla University ...

Words: 1864 - Pages: 8

Premium Essay

Http: //Www.Termpaperwarehouse.Com/Essay-on/Swot-Anaylsis/151736

...f:+49 69 9754 4900 e:deinfo@datamonitor.com t:+852 2520 1177 f:+852 2520 1165 e:hkinfo@datamonitor.com Genting Bhd ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and pricing, competitors and products. Our experts then interpret this data to produce detailed forecasts and actionable recommendations, helping you create new business opportunities and ideas. Our series of company, industry and country profiles complements our premium products, providing top-level information on 10,000 companies, 2,500 industries and 50 countries. While...

Words: 2141 - Pages: 9

Free Essay

Hostel Reviews

...NAKO TASKOV, PhD, Associate Professor, Faculty of Tourism and Business logistics, Goce Delcev University, Stip NIKOLA V. DIMITROV, PhD, Associate Professor, Faculty of Tourism and Business logistics, Goce Delcev University, Stip DEJAN METODIJESKI, PhD, Assistant Professor, Faculty of Tourism and Business logistics, Goce Delcev University, Stip A REVIEW OF THE HOSTEL SECTOR IN THE REPUBLIC OF MACEDONIA Definition and historical development of hostels The hostel can be defined as a facility that provides clean, neat, affordable accommodation for young people who travel in their own country or abroad, individually or in groups, for educational purposes or vacation (Bhatia, 2002). These are places where young people from a different social status and nationality meet, places for recreation and friendship. In the hostel, guests often pay for a single bed rather than a room, share a common bathroom, living room and kitchen. It is intended for particular segments of the tourism market, such as young people (Medlik, 2003). Hostels can offer additional services such as food, information, etc. They are mainly located in city centers or near train stations and public transport facilities (Heyns et.al, 2000). The hostel industry, as we know it today, began to develop in 1907, when Richard Schirrmann, a teacher from the small town of Altena in Germany, decided to adapt one of the empty classrooms for an accommodation and overnight stay for students. This idea was not entirely unique, as inns...

Words: 3315 - Pages: 14

Free Essay

Ict in Tourism Industry

...Information and Communication Technologies in Tourism Agenda 1. 1.1 ICT and tourism – introduction Tourism as information business 1.2 2. 2.1 2.2 2.3 2.4 2.5 eTourism – ICT usage in tourism ICT usage in tourism – overview and case studies Tourism stakeholders and interfaces Tourism suppliers and eTourism Intermediaries and eTourism Destination organisations and eTourism Tourism management and eTourism 3. 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 Trends and future applications Social Media & Web 2.0 Website optimisation Interoperability and semantic web Software agents Recommender systems Dynamic packaging Mobile services & ambient intelligence Online auctions in tourism 2 ICT in Tourism © copyright IFITT 1.2 eTourism – ICT usage in tourism Definition and history of eTourism Facts & trends Reasons, advantages and implications of ICT usage ECCA – eTourism Competence Center Austria 3 ICT in Tourism © copyright IFITT 1.2 eTourism – ICT usage in tourism Definition and history of eTourism Facts & trends Reasons, advantages and implications of ICT usage ECCA – eTourism Competence Center Austria 4 ICT in Tourism © copyright IFITT Introduction - ICT ICT - Information and Communication Technologies Umbrella term for technological developments for the Production, analysis, storage, search, distribution and use of information ICT includes a combination of hardware software telecommunications netware groupware humanware ICT enables effective data processing & communication...

Words: 2278 - Pages: 10

Premium Essay

Overview of the Hospitality and Tourism Industry

...Overview of the Hospitality and Tourism Industry HTM100 05/28/13 Abstract The Hospitality and Tourism industry changes over the years like people of the world change clothes. Within this paper we are going to look at the overview of those changes and just exactly what makes this industry tic. We will discuss the challenges involved in managing restaurant operations that are specific to my state, as well as how I would address those challenges. Such challenges to the restaurant industry may include regulatory issues, social concerns, competitive issues, and / or demographic and geographic issues. I am also going to determine the impact of computerization on food service and lodging operations within my state, particularly in the areas of reservations, accounting, personnel management, and the recording of sales transactions, I’m also going to consider the quality of technology infrastructure in my state and the degree of technology usage by potential customers visiting or using these services within my state. I will be giving my opinion on all of these topics plus I will also analyze the interdependence of food service, lodging, and meeting segments of the hospitality industry and make two (2) recommendations for how the synergy between the three (3) could be improved, using examples from my state to illustrate my case. I will also explain how I believe these segments can improve their relationships between one another and how they can combine their services in order to be...

Words: 1884 - Pages: 8

Premium Essay

Hospitality

...Hospitality and Tourism Education and Training A Case Study of Scotland. Geno Trapaidze The Department of Hospitality and Tourism Management University of Strathclyde A thesis submitted in part of the requirements for the degree of MSc in International Hospitality Management September, 2007. ABSTRACT 1 The purpose of this study is to examine the role of education and training and its impact on labour supply to the Scotland hospitality and tourism industry; what are the current issues are there? And how those issues can be minimised? Its also seeks to identify the relation between the customer satisfaction and the service employees via service quality for maintain the growth of the hospitality and tourism industry. It also tries to identify the current labour market issues of the hospitality and tourism sector in Scotland, and how these issues can be minimised. Research will be conducted through five individual interviews. This research should help the hospitality and tourism managers/employers understand the importance of retaining staff. Also it will aim to make educational institutions aware of the gap between the content and the design of their hospitality and tourism courses/degree programmes in relation to industry demand, as highlighted in relation to current labour market issues such as staff turnover rate, retention problems, and the image of the hospitality and tourism industry in Scotland. Key words: Service quality, staff turnover, poor image...

Words: 16899 - Pages: 68

Free Essay

Understanding India, Globalisation and Health Care Systems

...Bisht et al. Globalization and Health 2012, 8:32 http://www.globalizationandhealth.com/content/8/1/32 REVIEW Open Access Understanding India, globalisation and health care systems: a mapping of research in the social sciences Ramila Bisht1*, Emma Pitchforth2 and Susan F Murray3 Abstract National and transnational health care systems are rapidly evolving with current processes of globalisation. What is the contribution of the social sciences to an understanding of this field? A structured scoping exercise was conducted to identify relevant literature using the lens of India – a ‘rising power’ with a rapidly expanding healthcare economy. A five step search and analysis method was employed in order to capture as wide a range of material as possible. Documents published in English that met criteria for a social science contribution were included for review. Via electronic bibliographic databases, websites and hand searches conducted in India, 113 relevant articles, books and reports were identified. These were classified according to topic area, publication date, disciplinary perspective, genre, and theoretical and methodological approaches. Topic areas were identified initially through an inductive approach, then rationalised into seven broad themes. Transnational consumption of health services; the transnational healthcare workforce; the production, consumption and trade in specific health-related commodities, and transnational diffusion of ideas and knowledge...

Words: 11974 - Pages: 48

Premium Essay

Wns Hand Book123

...Student Handbook 2012 WELCOME TO WAIKATO Welcome to the University of Waikato. I hope you make the most of your time here and the opportunities that will present themselves during the course of your study. You have come to an excellent university that is ranked top in 10 subjects under the Government’s Performance Based Research Fund. We are also internationally connected; we have research connections and student exchanges with some of the world’s top universities. I urge you to consider taking part in these while you are with us. Here at the University of Waikato, you will be taught by lecturers who are leaders in their fields of research and who win national teaching awards. We are proud of our academic quality and the fact that we turn out sought-after graduates who go on to take up important roles in all parts of the world. You will already have noticed our beautiful campus which is set in 68 hectares of gardens, green space and lakes. At the heart of it all is the new Student Centre, which was completed in 2011. With its accessible areas, Library services and multitude of facilities, it is a place for students to study or just gather together and we are very proud of this building. In 2011 we celebrated 10 years of another important building, the Gallagher Academy of Performing Arts. This world-class facility was the vision of a group of driven Waikato people. It quickly became a focal point in the campus and continues to be an important venue for the performing...

Words: 126279 - Pages: 506

Free Essay

South Africa a Development and Economic Overview

...South Africa A Development and Economic Overview Introduction I chose South Africa as the topic for this research paper. I have always wanted to visit South Africa but have never had the opportunity to travel there. My involvement in international development has given me an interest in this country, as it has many ties to the developing world and the history of developing countries through colonialism. South Africa is influenced by all levels of economic activity including the primary, secondary, tertiary, quaternary and quinary sectors which determine if South Africa’s commercial economy. These economic levels, along with the indicators of development, show whether or not South Africa is a developed nation and if so, how developed they are. This paper will present an overview of the economic activities in South Africa and analyze its state of development. Major Economic Activity in South Africa South Africa has a lot of influence throughout multiple levels of economic activity; from primary production to quinary services. Regarding the primary level of economic activity, they have a agriculture sector that covers both subsistence farms and commercial farms. Subsistence farms by definition consume what they produce in order to survive, whereas commercial farms produce a good in excess in order to sell it in a market for the purpose of gaining a profit (Doberstein, 2011). Through the influence of modern innovation and technology, South African farms are able...

Words: 2383 - Pages: 10

Premium Essay

Foreign Direct Investment

... 2.2 Related literature: The role of FDI in economic development 3 2.2.1 The radical view of FDI 3 2.2.2 The positive view of FDI impact 4 2.3 The impact of economic development 5 3. Case of study: the impact of FDI in garment industry and automobile industry in Viet Nam 7 3.1 Overview of FDI in Vietnam 7 3.2 Garment industry 8 3.3 Tourism Industry 9 3.4 Assess the impact of FDI in Vietnamese economic development 10 4. Conclusion 11 References 14 Appendices 17 1. Introduction to the study Foreign direct investment (FDI) is a concept that has emerged in recent decades. It was born with the trend of globalization and become an interesting topic for economic researchers. The evidence is that there are a large number of studies on this field, including case studies in specific country and cross-country analyses, single-dimensional and multi-dimensional studies, examinations in single-sector and multi-sector. However, until now there are still some debates about the issues related to this concept. One of the noticeable discussions is the relationship between foreign direct investment and economic development. This paper, to some extent, will review these studies about the relationship between foreign direct investment and economic development. In specific, it aims to answer the question: Is foreign direct investment necessary for economic development? Or how foreign direct investment...

Words: 3815 - Pages: 16

Premium Essay

Emerging Sales and Marketing Challenges in the Global Hospitality Industry

...Emerging sales and marketing challenges in the global hospitality industry Author: Rishi, Meghna; Gaur, Sanjaya S Abstract: Purpose - This paper attempts to identify the emerging themes that can shed light on the sales and marketing issues and challenges being faced by global hospitality organizations. Design/methodology/approach - The paper utilizes a multi-method approach for data collection. A thorough literature review, a focus group and personal interviews were conducted to explore the themes and construct a tentative thematic web. Publicly accessible secondary data in the form of customer reviews were drawn from world's leading web site - Tripadvisor.com. A total of 702 reviews of the customers of luxury hotels from the world's top two tourist destinations - France and USA - were analyzed, using thematic analysis. Customers' perspective is juxtaposed with industry's perspective to offer insights on the sales and marketing issues and challenges being faced by hospitality organizations globally. Findings - Marketing challenges, namely personalization/customization of services, service management, creating a strong parent brand, under-utilization of the social media and diverting tourists from heritage properties, are identified as some of the key emerging sales and marketing issues and challenges faced by the global hospitality industry. Practical implications - Analytically identified themes in this research paper provide valuable insights on issues and challenges related...

Words: 489 - Pages: 2

Premium Essay

European Union Influence over Tourism Employment. Tourism

...final version see: Andriotis, K. (2004). European Union Influence Over Tourism Employment. Tourism - An International Interdisciplinary Journal, 52(3): 277-284. ABSTRACT This paper examines the role of the European Union (EU) in influencing employment in the tourism industry of its member states. Tourism in EU accounts for about 5% of GDP and approximately 7.4 million persons are directly employed in tourism. The figure of persons directly employed in tourism varies from 1.7 to 7.8 depending on the member state. Due to the potential of EU tourism for generating jobs in this paper undertakes a review over the problems related to tourism employment in member states and analyses the formation and development of EU policies and initiatives towards tourism employment. Finally, this paper discusses the implications of the findings for tourism employment in EU and provides the conclusions of the study. Keywords: Tourism, employment, European Union, policies. INTRODUCTION The greatest diversity and density of tourist attractions has made Europe the most visited destination worldwide and tourism among the leading growth industries in the European Union (EU). Tourism in EU accounts for about 5% of GDP and approximately 7.4 million persons are employed in enterprises such as hotels, catering establishments, travel agencies, car rentals, and various tourist attractions and leisure outlets. However, tourism employment patterns vary considerably between the different member states...

Words: 4605 - Pages: 19

Free Essay

Literature Review

...Chapter 2 Literature review This chapter reviews related literatures on overview of International and Thai tourists, general information about Phuket, current situation of tourist industry, attractions and activities, concept of tourist behavior and tourist perception, marketing concept, as well as previous research. Its purpose is to provide general knowledge and overall concept regarding the theories and previous research related to this research. 2.1 Overview of International and Thai tourists According to Tourism Authority of Thailand (2011), the international tourist arrivals to Thailand figure for 2011 reached 19.09 million, an increase of 19.84%. The number of tourists had shown an accumulative growth rate over the first ten months. The flooding crisis late in the year, however, slowed down the growth in the number of tourist arrivals in October, and caused shrinkage of 18% in November 2011. Fortunately, all market groups still retained an increasing growth at the good level, including East Asia at a 32.30% increase, ASEAN at a 21.96% increase, the Americas at a 12.85% increase, Europe at an 11.40% increase, Africa at a 6.73% increase, and the Middle East at a 5.95% increase. Domestic tourism by Thais in 2011 was estimated at 98 million tourists/trips, generating an income of 407.6 million Baht which was less than the target of 421.1 million Baht. The purchasing power dramatically shrank in the second-half year due to the flooding crisis, which abruptly halted...

Words: 2887 - Pages: 12