Moreover, the hospitality industry is not concerned by only one sector of activity of a business but is concerned by, nearly, all the businesses which are focused on customer expectations and answering the need of the customer. Whereas, this industry has a huge target audience thanks to the wideness the hospitality industry. However, it could be suffering of a lower purchasing power of customer. That means that kind of hospitality is including costly hotels, so, most of the time the customers have to spare money to access to this universe. And, if the purchase power slump the middle-class customers could not spend their money in this industry only wealthiest could do
It helps in most of the concerns of customers, improving and maximizing customer satisfaction, and gain customer loyalty, which will lead to the growth of the industry and more profit. The airline industry thought of coming up with a strategy that helps in finding information about the availability and cost of the flight, booking flights online, checking-in online, collecting information about each customer’s preferences, finding out which customers are most profitable, building customer loyalty by rewarding them, and increasing sales. Nowadays, almost everyone around the world is using the internet for personal use and for business use. That is why many industries are using applications that open on smart phones and tablets to make it easier, faster, and more convenient for the customers. Moreover, airlines are using e-business applications and Customer relationship management strategy, such as e-CRM which helps in managing customer relationship through the Internet, and many airlines are doing this as a separate plan to their e-business
On the contrary, the firm continues to grow and hire more employees. Their motto is to become the top rated day spa in their region. Meaning, the CEO must do what is right for the continued success of the organization even if it means hiring additional personnel. The business must always put the interest of the employees first to continue generating profitable revenue. The first reason to hire a compensation professional is to take off additional responsibilities from other individuals.
• Ensure that the time accrued by current employees and ensuring that the “legacy” employees are compensated as of the time the new policy took effect. • Require all locations to have a backup /cross training plan in place for employees/floaters. 4. Findings and discussion It was determined that one of the top benefits of attracting a new candidate and/or retaining a current employee is the benefits in which a company offers. On an average, the increase in turnover rates in the residential vs. the retail/commercial industry is higher than anticipated, mainly due to a tight housing market and reduced compensation.
It should also mean profitably providing value at any price level, while demon starting your own unique points of distinction. Hospitality, travel, and tourism are the fastest-growing industry in the world, governed by powerful corporate and political influences. Many companies are using technology to improve productivity and reduce labor costs. Moreover, this customer segment is interested in utilizing technology to do things that many others have become accustomed to doing manually: checking in at hotels, paying their restaurant and bar bills and looking up places to eat, shop and play to name a few. Potential Trends and Developments in Hospitality Industry The hospitality industry is part of a huge group of companies known as travel and tourism industry, which provides the necessary or desirable goods and services to travelers.
airline), and on accommodation during their stay. They may also spend money on public and private transport such as bus, train or car hire, food and beverages, and gifts shops. This helps to create and maintain jobs within accommodation organisations and transport, it also generates money and employment within hospitality and retail business within the
Lancaster : According to Justin, hospitality firms big and small are looking at ways to keep costs low and to become more efficient just to stay afloat in this very challenging economy. Cutting costs in labour has been a popular topic in all industries during times of economic downturn. This is a particularly slippery slope in the hospitality industry where service may be compromised through cutting costs. Quality service is scrutinized by the customer in hospitality more than ever due to the fact that customers are fewer and are spending less. In areas of resort saturation like Las Vegas, the customer has so many options; they simply will not tolerate poor service like they may have in the past.
TASK 5 Analysis of a Travel Agency and Tour Guiding Operations Planning your own holiday can be stressful, complicated and time consuming therefore travel agents can take control of planning your holiday according to what you want and need and also according to the budget you set as customer . Travel agents are an important source of distribution in the tourism industry because they work directly with the public and target markets. Travel agents are an outlet where you can buy holidays and other tourism travel related needs . The simplicity of having travel agents has made traveling much more easily . They help customers choose, arrange and plan their ideal holiday.
The idea, “The customer is always right,” has become a general knowledge. In today’s world, this thinking has become obsolete. The hospitality industry has come to adopt that the customer comes first. That is why in terms of developing the hospitality product, the industry has been built to cater to the needs and wants of the customer. Tourism is considered as one of the main trade and industry activities in the world that contributes to economic, cultural and political advancement of various regions (Krippendorf, 1989).
Every airline, railway company or travel agency emphasize a strong customer service as to those who get service are more likely to return for their future travel arrangements. If tourists get good service in a well-known hotel then they will consider that hotel chain first whenever they will travel again and would recommend it to others within their social circle. Poor customer service can ruin the reputation of that hotel, restaurant, airline or a travel agency. If customer gets bad experience then neither he will use that supplier again nor will he advise anyone to use it again. So directly that supplier will lose that customer revenue in future and indirectly he will lose the prospective client which could get them a lot of business in the future.