ipl-logo

Key Success Factors In The Hotel Industry

939 Words4 Pages

The historical growth rate: The hotel industry’s growth rate is 8.0% from 2012 to 2016, with a value of sales of $58.6 billion. Due to the development of the domestic tourism industry, the sales increased 9.9% in 2012 set a value of $43.9 billion. The decrease of international tourist, the tightening of the government spending and the economic slowdown affected the industry revenue growth, decreasing by 2.5% in 2013 compared with the previous year. In 2015, the number of international tourists increased by 3.5% in comparison with 2014. Industry sales increased 7.4% to $54.7 billion.

The expected growth rate: According to ACMR-IBISWorld, the revenue for the Hotel industry in China is predicted to continue growing at the steady rate, at an annualised rate of 6.0% over the period.

The trend of the industry: The share market of three-and four-star hotels will increase over the period as changes in the industry structure. The giant hotels are moving into the lower-star rated segments. Many foreign hotel management companies have started developing hotels with four-and three star ratings to adapt the larger customers and strengthen market positions.

The key success factors: The key success factors in the Hotels industry include economies of scale. It can be seen that the companies increase their network construction, the number of hotels and are located in major cities across the country. Also the companies in the industry have to understand the needs of customers; it is a

Show More
Related

  • Summary Of Book Cheap Accommodation In Australia's Holiday

    710 Words  | 3 Pages

    According to a study conducted by the Australian Government, at the end of the year 2014, the tourism statistics showed an increase in the Australian Tourism. Here you can see the main statistics of this study, so that you can see how they look like: - Visitors – 6.4 million, which represents an increase of eight percent as compared to the previous year. - Nights – 223 million, which represents an increase of three percent in comparison to the previous year - Expenditure - $31.1 billion, which represents an increase of seven percent from the previous year.

    Read More

  • Premier Inn Swot Analysis

    1718 Words  | 7 Pages

    Weaknesses: 1. The high seasonal dependency for most of the hotel facilities. 2. The imbalanced market coverage and business portfolio. 3.

    Read More

  • Essay On Value Proposition

    1041 Words  | 5 Pages

    But that does not mean that their industry is on the decline. Recently I traveled to a nearby city to catch a flight and discovered that a local hotel offered long term airport parking at a discount compared to the local parking lots with a free shuttle to the airport terminal. Innovative amenities like this can really add value by providing a needed service that has little to do with the traditional hotel services. If they continue to look for services travelers need, hotels will surely continue the long history all successful industries have surmounted in the past, identify and provide innovative, value-based products and

    Read More

  • Intercontinental Hotel Strategic Analysis

    1603 Words  | 7 Pages

    There are different strategies that must be considered by the organisations operating in hospitality industry. The contributions made by the firm donate towards the performance and achievement of the company. The purpose of this paper is to analyse the strategies of the hotel, which serves as the basis of success. This paper is divided into five different tasks each of which is focusing on various aspects of the hotels performance. The organisation that is selected in order to answer the tasks is InterContinental Hotel Group.

    Read More

  • Case Study: Marriott Hotel

    712 Words  | 3 Pages

    METHODOLOGY Both quantitiave and subjective strategies were utilized to see in respect to why employee maintenance happens inside of the association. This examination was directed on Marriott Hotel, which is a high estimated industry in cordiality segment. An arbitrary stratified example of ex-employees from all offices/ areas was chosen which included non-administration, center level administration and senior administration employees. Reviews alongside a presentation document clarifying the centrality and the requirement for directing the same were sent to each of the 225 ex-employees over 17 unique areas crosswise over US.

    Read More

  • Business Management Case Study: Hyatt Hotel

    792 Words  | 4 Pages

    In this task we investigate the issues that are confronted by the laborers of a specific cordiality organization. The case study is on Hyatt Hotel, the issues that happened. One of the fundamental issues was that the leaders were focusing on creating more income on the work costs by ending or suspending the workers who had worked for Hyatt for a drawn out stretch of time. They enlisted the interim staff as assistants through the organizations keeping in mind the end goal to remove the workers. These assistants were additionally paid less when contrasted with the removed staff consequently sparing a great deal on wages.

    Read More

  • Hilton Hotel Case Study Summary

    1038 Words  | 5 Pages

    The aim of this case study is to investigate the applicability and functionality of organizational theories in Hilton Hotels Corporations. The first part of this case study is concerned about the compatibility between Hilton Hotels mission with its activity and purpose. Also, another aspect of this paper is to present the suitability of organizational theories referring to Human Resources Theory, System and Contingency Theory. In order to uphold this report, I will conduct a SWOT Analysis of Hilton Hotel Business. The last part of this paper presents a critically important aspect of a successful business in regards to the Hilton Hotels CSR programs and initiatives.

    Read More

  • Critical Analysis: Intercontinental Hotels

    1523 Words  | 7 Pages

    With the diagnosis of Project I is determined, the design of a System of Quality Management, applying the strategic merger of two international quality standards: ISO 9001: 2008 and UNE 182001 which certifies tourist services, and the branch hotel (Kimes, 2001). Studies have restrained the quality of service in hotels and have recognised various attributes that could be convened into three broad groups. First, which is related to tangible features of establishment: whether the facilities, the look of employees, arrival of the establishment, etc. Furthermore the related reliability, which is the security that the customer got what he guaranteed is that they are going to offer patterns as definite difficulties, solving difficulties speedily and effectively, timely, etc. It attributes thoroughly associated with the organisational aspects of hotel establishment.

    Read More

  • Customer Relationship Management Strategies In The Hotel Industry

    992 Words  | 4 Pages

    Customer relationship management (CRM) is one of type of enterprise systems. This system gives numerous benefit to organization. Also, CRM strategy gives benefit base on the nature of business. Usually the sector that uses CRM strategies are the industry, non-profit organizations and government institutions in order to attract their customers. The benefits such as enabling organizations to decrease the costs, increase profits and give more trust of their customers.

    Read More

  • External Factors In The Hospitality Industry

    1245 Words  | 5 Pages

    Every industry to include the hospitality industry is impacted by external factors which directly influence organizational behavior and decision making. There are numerous factors to be considered, but political, economic, and social are three of the most influential. These outside factors sway managerial operational decisions daily regarding personnel, spending, policy, and short-term and long-term strategic planning concerning both core and exterior operations. As within every industry, the hospitality industry has unmanageable elements that affect management or ownership of hospitality establishments (Lewis 2017). Understanding these factors is important because it provides an opportunity for contingency planning (Lewis, 2017).

    Read More

  • Transport In Chile Essay

    1347 Words  | 6 Pages

    The rise of tourism, the growth of leisure tourism and the change of living standards have led to the development of the luxury hotel market in Chile. (Nieddu, M.et al.2010) Therefore, the establishment of luxury hotels in Chile is a very strategic approach. The hotel's targeted market segments: leisure and business. Geographically, the market is targeted segment: Santiago, Vina del Mar, Easter Island, Arica, Osorno, Valparaiso, San Pedro de Atacama, Torres del Paine.

    Read More

  • Decline Of The Roman Empire Essay

    417 Words  | 2 Pages

    Significant developments in the transportation facilities, inventions and innovations in the field of communication, ll}.ying of a strong foundation for industrialisation and urbanisation and further development of tourism as an industry paved ways for the development of hotels and motels. Besides, the growing significance of foreign trade, internationalisation of culture and civilisation and the need for setting the foreign exchange balance became instrumental in the organised development of classified and unclassified hotels. The officials on deputation, the business dons on trade promotion mission, the foreign representatives on peace mission, the domestic or foreign tourists interested in visiting a place for pleasure or for enriching their knowledge bank can't perform; if we don't work towards the development of hotels, motels, restaurants and cafeterias. The fact cannot be denied that the world of the hospitality industry has witnessed'multidimensional transformation from traditional to the modern age, In the past, the hospitality was due to religious and superstitious

    Read More

  • Intercontinental Hotel Group Case Study

    1617 Words  | 7 Pages

    InterContinental Hotel Group (IHG) is among the largest hotel of the world and comprises of hotel seven hotel brands. Such as Holiday Inn, InterContinental, Hotel Indigo, Candlewood, Crowne Plaza, Staybridge Suites, and Holiday Inn Express. IHG also has to face the problem of credit crunch due to which their performance and growth has been impacted adversely. This hotel enjoys strong presence in the era of economic uncertainty such as credit crunch and fears of recession because of its famous brand Holiday Inn. However, in these years of crisis the share of the group dropped by about 50% because of presence of credit crunch.

    Read More

  • Case Study: Hyatt Regency Trinidad

    1052 Words  | 5 Pages

    The hospitality industry is composed of company which focus on customer satisfaction namely, restaurants, retail or accommodation. One particular sector of the hospitality industry is the hotel sector. A hotel is an establishment that provides meals, accommodation and a myriad of services to tourists and travellers such as excursions, spa therapy, business and wedding events. The hotel sector relies wholly on customer satisfaction, disposable income and leisure time. Many other businesses in the hospitality industry are linked with hotels such as, airlines, cruise ships and restaurants.

    Read More

  • Sample Case Study Of Hotel Management

    1279 Words  | 6 Pages

    I also recommend for proper training for all the employees especially the managers because I believe that the hotel managers should be the leader or the role model to his employees. Another one is by imposing the proper standards of policies and rules and regulations. I believe that these standards will be the guide of the employees to do their job properly and to avoid making such mistakes that might have a big effect on the company. I understand that by having the proper trained employees will make the customer’s happy and this might result to having regular customers and having more profit.

    Read More

More about Key Success Factors In The Hotel Industry

Open Document