A new source of supply for the lodging has been the rapid growth of on-line short-term rentals such as Airbnb, VRBO, Homeway and Tripping.com. However, the impact on the hotel industry and the availability of these outlets is more variable than typical changes in supply from hotel construction and tends to be very market specific (Sec.gov, 2018). Five-forces Analysis Power of Buyers - Low. Buying hotels and real estate require a significant amount of funds. Three factors limit buyers in their acquisition (a) the switching cost is high, (b) the seller’s brand reputation is important to buyers, and (c) the collaboration with sellers to find a win-win position.
In today’s world, hospitality and tourism have become one of the large and crucial industry that plays the main role in global economy. There are many students who graduated from high school and chose to study hospitality and tourism courses since these two fields provide diverse opportunities and many career options. These two courses might seem to be indistinguishable because they are correlative to each other. Even though, Hospitality and Tourism Management are the subjects that quite similar; however, they are different in terms of curriculum, skill requirements, and career. Hospitality management is the study of managing in terms of event or places such as restaurants, hospitals, hotels, and other institutions.
Despite all these gains, several hotel companies are struggling with debt, high level costs and management challenges. This therefore forces hotel managers to seek to generate profits that will help meet the above costs and thereby improving their performance. Hotels have henceforth continued to develop out of tourism efforts and this has brought a lot of challenges related to their performance with the aim of to meet international standards. (Wanjiku 2009) These challenges have necessitated a study by various authors on the drivers of performance in hotels. The hotel industry has been identified as one of the most important sectors that have a positive correlation to tourism industry because no country or region can expect to attract tourists unless it has hotels.
Introduction In recent years, tourism development led to the demand for increased storage. To meet the needs of a wide range of property and construction upgrades that visitors created plenty of choices of short-term residence for themselves…The development of the economy makes human life increasingly high. They are willing to overlook those products and services with cheap but poor quality to choose the products and services of high quality despite high prices, the mordern point of distinction and create the impression that the main attraction of quality customer service. Attention to service quality and continuously improving service quality is an essential issue, especially in the period of Vietnam's tourism integration in world tourism
Global demand drivers require developing different segments of global mass tourism while the offer drivers relate to corporate transfer pricing and sustainability policies, often-opposing forces, but always correlated with short- and long-term profit. The importance for the constant changes of tourism globalization is of several factors, this include: the population increase with high income and recreational time, the low cost of travel with the continuing reduction of travel times, and also the mass media globalisation that makes the difference in the population everywhere more aware of the outside world (Tisdell, 2004). Judging from current reading other author stared the realization to the fact that globalization, not only affect the segments of tourism but also the other business that link with the helping to for the functionality and how important is for the sustainability and competiveness of the industry and so, the need for the management of the tourism on a global scale is relevant. Globalization is a factor that not only one industry or
In the Hall model are used to evaluate the decision making process and the impact on the tourism industry, and using two different periods for 2002 to 2007 and for 2008 to 2012. Political are very sensitive market in all country, for example in year 2007 are experience of political instability. This is an obstacle to the
Introduction Tourism is the largest and fastest growing industry in the world, and also a major contributor to Jamaica’s economical growth and development. The dynamics of tourism allows people to travel globally for several reasons as it influences competition between countries, while attracting tourists towards destination product(s). However, the growth of crime and violence is becoming directly exposed to the value of a tourism sector development; hence, prior or while traveling, safety assurance is of great demand for travelers. By definition, crime is referred as “ acts or omissions forbidden by law that can be punished by imprisonment and/or fine” (Murphy, 1985), Furthermore, it has come to the realization that many countries tourism
An evaluation of quality services through PPP in tourism industry: a study with special reference to Karnataka Abstract Tourism is an industry capable of changing the socio-cultural, economic and environmental face of the world .Tourism is one of the largest and fast growing industries in the world. It has the potential to influence the living pattern of communities. It is the collection of activities, services and industries that deliver a travel experience including transportation, accommodation, eating and drinking establishments of retail shops, entertainment, business and other hospitality services provided for individuals or groups of travelling away from home. In developing countries like India tourism has become one of the major sectors of the economy, contributing to a large proportion of the National income and generating huge employment opportunities through PPP. It has become the fastest growing service industry in the country like India great potentials for its further expansion and diversification.
Firstly, tourism was generally defined as the journey of an individual to a destination for a stopover before finally returning to his/her origin environment. The perception of a destination is therefore at the centre when considering the tourism proposition explained here. Above and beyond this, the perception of destination also has significantly difficult characteristics. To verify this, we have to consider what marketing professionals and researchers bring to it. Metelka (1990, p.46) describes a destination as "the geographic location to which someone travels."
First is market segmentation and overlapping brands. Market segmentation is increasing when accommodation chain focus at one traveller particular field. Furthermore, name overlap. A few related industry observers that franchisers can expand their brand total to point that investor which bought from same franchisee will be in direct competition with themselves too, as brand total increase, user 's ability distinguish among they reduce (Jing, 2009). There are some hospitality industries that offering same product and service so the overlapping brands will be happen.