And jointly enjoy economic dividends. At the present stage, the world has more than tens of thousands kinds of sharing economic companies. They affect people's lives and consumption patterns in various industries. Among them, the largest representative is the transportation industry Uber, and hospitality industry Airbnb. Airbnb, as sharing economy representative of the hotel industry, it is to subvert the traditional hotel industry.
Hotels are a place which accommodation is provided overnight, and other services such as, food, beverage, concierge could be provided as part of the hotel experience. Scale The scale of the hotel industry is incredibly large with over “45,000” hotels and an annual turnover of “£40bn” (www.hotel-industry.co.uk, 2011). After the Olympics this number increased considerably especially within the London and surrounding areas, due to the influx of tourists coming to the United Kingdom. The size of the industry means that there is a lot of opportunities as the industry will continue to grow and flourish. This growth also means that the amount of staff required in hotels will also need to increase in order to keep up with the increasing demand.
Literature review: Hotels today are much more than just a place to sleep or take a rest. Many travelers see them as an integral part of a gateway experience with the recent boom in luxury hotels, travelers can choose a hotel that is much a selling point as the destination itself. The hotel industry alone is a multibillion dollar sector, its driving enough for people to work in different areas of interest and still be employed within the hotel industry. Nowadays hotels are providing great services to their customers or guests. Some researchers have defined “hotel” as a place where an establishment providing accommodation, services, facilities, meals and others for tourists and travelers.
Threat of Substitutes The emerging and upcoming trend of Air BNB in Makati. Air BNB is the world’s biggest accommodation website which let people to offer or rent their house, apartments or rooms to guests. AirBNB become a threat to BMP Hotel as it offer living at local home experience to guests with very reasonable price. Bargaining Power of Customer The bargaining power of customer is quite high for BMP Hotel. This is due to many competitors at the same location as BMP Hotel.
This issue is in high interest of hotel managers because of the direct and indirect financial costs when losing and/or replacing staff (Jang and George, 2012). Turnover is costly to an organization because of having to replace employees and their skill set as well as the effort for bringing in new individuals, i.e. advertising and interviewing, and having
E.g., The Airbus 380, the world’s largest passenger aircraft, this is the point when they are applying the market expansion growth strategy by offering current products and in a new market. This attracts the imagination of so many customers everywhere. Furthermore, these airplanes could carry more loads for those businessmen who are heavily trading in and out of Dubai. Moreover, as Dubai boomed Business-wise, it also boomed as a luxurious and sight seeing city with some of the best in infrastructure, fine dinning, nightlife and world class boutiques that a lot of people wanted to come visit. The city helped attract businessmen, entrepreneurs, adventurers and pleasure seekers.
From 1982 to 2002 the firm experienced hostile growth in Asia pacific area particularly concentrate on Chinese market. Throughout development in Asia has a quick financial development and increasing need of the deluxe resort for company vacationers and worldwide travelers ' demands in Asian. The business is expanding quickly as well as conserve even more funds for future development. The firm is the biggest deluxe resort chain in landmass China. From 2002, the firm gradually expanding of it’s brand name around the world with a solid and fantastic credibility in Asia.
For domestic airlines, they can have challenging for developing their system, but there are many international airlines are threatening the development of Malaysia Airline. In particular, Air France is the airline company is expanding routes to South East Asia and are highly service and quality, as well as providing exclusive personalized service at the airport to help passengers comfortable while fly processing. (asie_2015.01-en.pdf). Barging Power of Suppliers (High) Fuel prices are ever increasing affecting the cost so the supplier power is high. Indicates that Fuel and Oil cost is the largest cost in Malaysia Airlines and it can have a strong effect on the profit of the company (Figure 1).
Problem discussion Hotel industry is one of the part of all services, and the trend depict that is still growing all over the world. The information can be support by the fact that the value of the GDP is almost 2/3 globally (Lovelock & Wirtz, 2010). Services are economic activities offered by one party to another in exchange of money, time and effort. (Lovelock & Wirtz, 2010). Hotel industry is developing in some trends and it is accompanied by the theme and process.
The visitors are pouring in from all over the world. • Finally, the tourism industry generates substantial economic benefits to both Indian economy and tourist’s home countries. Future potential of Tourism industry in India: Tourism is expected to grow further over the next few years due to the changes that take place on the demand and supply sides. The factors responsible for the growth of tourism in Ondia are, • Change in standards of living • More disposable income • Better education • Long leisure time • Aging population Owing to growth of tourism sector, infrastructure will improve, competition will increase, new products will enter the market and better services will be