Globalization of the hospitality industry jennifer bratton university of phoenix globalization of the hospitality industry introduction the hospitality industry strives from consumers wanting to get away from everyday stresses these consumers want to relax and enjoy time away from everyday life. How does globalization affect hospitality industry how does globalization affect hospitality industry introduction in this paper, we will discuss the effects of training in the new era of globalization in the world's hospitality industry, particularly in the tourism industry. 3 challenges brought by globalization globalization is, in one way or another, related to or has relevance for the many challenges world is facing today and the discontents experienced by its population. The competitiveness of the international hospitality industry in the context of globalization is impacted by different factors one of these factors includes the globalization drivers, which are mainly, cost, market, government, and competitive drivers market drivers for globalization are very much. Statistics & facts on the hotel and lodging industry the global hotel industry was forecasted to generate 550 billion us dollars in revenue in 2016.
So, with the advent of globalization, there are a lot of more jobs available for people within the hospitality industry due to globalization more people move around, the tourism needs to grow as well, so hospitality can boosts the travel industry. Impacts of globalization on hotel industry search search upload sign in join home saved books impacts of globalisation on hotel industry globalization is a very debatable topic as it has goods and the bad to the people this has increased the market for the hospitality industry, which gets its major income is from international. The hospitality industry faces labor and human resource challenges including the compression or shrinking of the labor force, union issues and escalating health care and benefit costs among others. The article discusses the hospitality industry, globalization and tourism, influence of weather, economic factors, cultural differences, expansion and diversity, human resource management, barriers, and globalization and success understanding globalization is important to any business but in the hospitality industry it is crucial to survival.
The hospitality industry has some prominent time periods in which it has taken a new challenge every time to serve the nations and the global travel community while it is easy to assume that hospitality as a norm always existed, what we discussed in this post is the establishment and growth of what we know as the hospitality industry of today. Published: mon, 5 dec 2016 globalisation is a key issue for the hospitality industry identify and critique up to three impacts of globalisation on the hospitality industry and discuss strategies that hotel companies may implement to address globalisation. Discussions at the global dialogue forum on new developments and challenges in the hospitality and tourism sector and their impact on employment, human resources development and industrial relations. A service is an activity which has some element of intangibility associated with it, which involves some interaction with customer the service is unique component in hospitality which is a universal component with the distinct requirements even in new york or new delhi.
The globalization of the hospitality and tourism industry has accelerated under the pressures of advances in technology, communication and transportation as well as the deregulation of the industry and the elimination of political barriers. The hospitality industry relies heavily on tourism and is the driving force behind sectors such as food and beverage as well as the hotel industry it is imperative that all of these industries work in a cohesive fashion because if one fails, so goes the others. Globalization and the tourism industry the current global recession is impacting the tourist industry worldwide and few places are immune countries, such as the uae, which boasted about its immunity in april 2008, saw massive lay-offs in construction in its capital dubai, only a few months later due to fewer tourist dollars. Globalization and hospitality industry the hospitality industry is by nature an international one as international trade and business expand, there is little question but that international linkage will become even more important for the industry in such competitive business environment. Journal of hospitality application & research, bit mesra, ranchi hospitality industry: an overview of strategy, structure and globalization tahir sufi director, pcte institute of hotel management, ludhiana abstract: hospitality industry is booming like never before.
As globalization provides both an opportunity and a threat for the tourism industry, the hospitality sector’s response to issues such as global crises, environmental concerns, global competition, market trends and product development will be explored. 1: educating workers around the world: due to globalization, managers and employees of hospitality industry are able to learn about the different cultures, people, religions and other different prospects of life. Globalization in the hospitality industry essay sample tourism is an industry that gives people the opportunity to explore and discover different cultures and many different countries people are able to view attractions, dabble in local cuisine and experience life in a different country. Globalization is becoming more important for the hospitality industry now a days due to globalization it is hard to identify a product or service that is not influenced by a cross border transaction (parker, 2005.
The hospitality industry continues to play an integral and robust role in the global economy in 2016, key themes in the sector included innovation, globalization, technology and consolidation. Impact of globalization on hospitality industry one of the main importances of hospitality industry that a globalization impact on them is effective human resource management the people that works in these kind of organization needs to have extra attention to customer satisfaction. Question- critically analyse the relevance and utility of globalization for the international hospitality industry in the recent years hospitality industry over the years has expanded their business all around the world. In the 21st century, with the increasing levels of globalization in hospitality industry, hotel companies will need to learn different management approaches to survive and develop in environmental circumstances with high levels of uncertainty as well as understand the implication of future impacts, both positive and negative, of the changing environment in which they operate.