And having worked in the sector for over 25 years including 16 years asVP International Hotel Development Planning at Marriott International there are three factors that, in my experience, will generally affect the growthof the industry.. Geert Hofstede conducted a large scale research project into national cultural differences across subsidiaries of a multinational corporation in over 116,000 people in 50 countries and three regions. In one way, this is great! are worthy will pay social media influencers to write about it. Overall, the tourism industry is influenced by a complex interplay of economic, political, cultural, social, and natural factors. It employed 3.2 million people and generated 39 billion in taxation in 2018 for the UK government. Hotels are also becoming more accepting of different classes of people and are ensuring they are better equipped to serve the necessities. I know I miss seeing the little independent shops that used to fill the high streets in the UK. Along similar lines to globalisation is the loss of authenticity that often results from tourism. scale is on a rise more people are being able to travel and make use of the Registered office: 85 Great Portland street, First Floor, London, W1W 7LT. Local economies greatly and directly benefit from the hospitality industry when domestic and international tourists spend money in restaurants, hotels, transports, and entertainment spots. Other relevant articles for you are: Competition in the US quick service restaurant (QSR) industry, PESTEL analysis of the pharmaceutical industry, Social and cultural impacts of mass tourism on the host community. Did you know that you should never put your back to a Buddha? are now being put under a lot of pressure by both governments and environmental For instance, if the U.S. or the UK governments impose travel bans, it will hurt the hotel industry immediately as demand for accommodation from tourists will be very low or none. Political instability is also an important factor. Political factors - both big and small 'p' political forces and influences that may affect the performance of, . Explains that the hotel industry is capital intensive with even small, independent hotels facing substantial . In addition to data protection laws, hotels need to comply with many other rules and regulations. Hotels use technology in different ways to serve their consumers better. The hotel industry is often the major employer in many developing countries and many hotels are pledging to recruit more young people in the future which is good news for young people, and people with some kind of social disadvantages. Explains how social factors affect and influence buyer behaviour, such as buying products to fit in with a certain social group. needs to be honest about the calories in the good and nutritional ingredients There are also negative social impacts of tourism. customers wont stay at their locations. The countries that have some of the toughest food safety laws in the world are the UK, the EU, the USA, Singapore, Australia, and Japan. and conveniently book your room through an app and its often less expensive and write up an honest post about their experience. Hotel owners who are confident that their hotels Museums, shows and galleries are fantastic way to showcase the local customs and traditions of a destination. At Marriott International, I supported the expansion of the company in the Europe, Middle East and Africa region. In the UK, hoteliers must comply with the Gas Safety (Installation and Use) Regulations 1998 to protect the welfare of their guests. Therefore, an in-depth analysis of these factors is very useful for hoteliers to devise their business and marketing strategies. The widespread popularity of food television programs and related social media have impacted local industries, and have become a catalyst for the . Choosing a spot with low crime is crucial for all hotel owners, otherwise, Along with that economic factors are split into legal factors for the same previously mentioned reason. Perhaps they have changed the way that they speak or the way that they dress. There are many examples throughout the world where local populations have changed because of tourism. For instance, the UKs Information Commissioners Office (ICO) fined Marriott Hotels chain 18.4m for a major data breach that may have affected up to 339 million guests (BBC, 2020). I also hope that it has encouraged some deeper thinking with regards to issues such as globalisation, authenticity and standardisation. Unfortunately, there are a large number of socio-cultural costs on the host communities. Hotel guests stay in hotels for a variety of Natural disasters and weather changes, as well as transportation services and consumer protection. The analysis is presented below: Political Environment. The Western world believe that a tourist destination is no longer authentic when their cultural values and traditions change. The definition of these two terms needs to be looked at in order to understand what they were. To put it simply, social impacts of tourism are; The effects on host communities of direct and indirect relations with tourists, and of interaction with the tourism industry. Economic factors that may have influences on the hospitality industry. If there is income inequality, then it can minimize the ability of people to travel and stay at hotel's. Social-The factor can give positive impact on the future of the Ritz-Carlton Hotel.To enhance the operations in the international market, the company should give focus on the social factors that are prevailing in the market. Porter's Five Forces Analysis The threat of new entrants The hotel industry in the UAE has been growing and advancing for some time, and now, having entered "the stage of maturity," it is rather established ("UAE Tourism Industry," 2012). All rights reserved LCHW. External factors are the factors that occur outside the scope of the company or organization, for example, the economy. Almost all of them are fitted with CCTV cameras to provide security and other features that make the guests stay more comfortable. A shift accelerated by the global public health crisis, an unprecedented number of high-profile companies . Travel The presence of a large number of tourists with a lot of money to spend and often carrying valuables such as cameras and jewellery increases the attraction for criminals and brings with it activities like robbery and drug dealing. They must also protect the identifying information of their guests. These businesses may also promote the local cultures and arts. Lastly, gambling is a common occurrence as a result of tourism. Do you have any comments on the social impacts of tourism? Environmental factors that may have influences on the hospitality industry. Hospitality and Tourism Impact You identified several trends impacting the overall hospitality and tourism industry, defined as macro-environment trends - that is, external factors over. Social factors that may have influences on the hospitality industry Social environment is the next environment to discuss in the PESTLE analysis of the hospitality industry. Consumer preference is changing rapidly. Likewise, the same also goes with going on holidays abroad every year. The social factors that are most pertinent to the hospitality industry are education, life expectancy, income, TV index, newspaper index, and PC index, though there are many other social factors that have an impact on the sustainability of any business in general. Social part of the PEST is split into environmental factors too as those have a significant role in the strategic management these days. Any hotel with food or beverage establishments Hotel industry is a sub industry of travel and tourism industry, because it influenced with tourism quite strong. sharing news thanks to the internet. Uncategorized. According to William D. Wells (2009) advertising is aimed at motivating and affecting consumers' behavior in a way that is beneficial to the company or brand being advertised. Recessions, inflations, and other economic fallouts severely affect peoples ability to afford luxury hotels. I certainly felt this was the way when I went to the Running of the Bulls festival in Pamplona, Spain. The PESTLE analysis is related to the assessment of the external environment in which the industry is functioning. I am going to explain how different factors can affect the industry as in positive as in negative way. The tourism industry requires many facilities/ infrastructure to meet the needs of the tourist. This text by Hyung You Park explains the principles of heritage tourism in more detail. for centuries. Global Distribution System. Social factors affecting Argentina Demography. Political stability is the key to the success of any industries and it is . range of service sectors. Copyright 2017 2025. There are many social benefits of tourism, demonstrating positive social impacts. The economic factor affects the hotel industry because if the amount of money people have available to spend declines then they wouldn't be spending money on tourism. The last of the social impacts of tourism that I will discuss is crime, gambling and moral behaviour. The government has a stronghold over the hotel This means that host-guest interaction is inevitable. than hotels in the area. 2023 Dr Hayley Stainton, all rights reserved. 1. There are different categories of business in the hospitality industry such as accommodation, food and beverage, travel and tourism, and entertainment. International Marketing 4 factors. M Rahman writes extensively online and offline with an emphasis on business management, marketing, and tourism. Economic environment influences the hotel industry in many different ways. Therefore, tourism can contribute to rises in the numbers of sex workers in a given area. Technological factors that may have influences on the hospitality industry. Although tourism is not the cause of sexual exploitation, it provides easy access to it e.g. hotel industrys biggest competition, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. I personally think that tourism industry stakeholders should proceed with caution when it comes to standardisation. The recent global pandemic is a natural experiment for exploring the role of government interventions and their direct impact on hospitality stock returns in the U.S. financial market. For example: Vits being located close to the airport gets the maximum sum of guests who are in for the business meetings and conferences. For instance, almost all the hotels now use social media to reach out to their current and potential customers. Hospitality is one of the biggest investment But since the general global expenditure Not only do these hotels need to have the technology that can counter such environmental effects, but they also face a lack of demand due to the inability of travelers to withstand such conditions. He holds an MSc in Tourism & Hospitality from the University of Sunderland. hotel industry. You can quickly Millions of jobs were lost, and well known brands ran into losses. Various international hotel chains are shifting towards more strength of currency can bolster the industry. A large part of this industry is composed of luxury hotels. As I have demonstrated in this post, there are many social impacts of tourism. These are two examples of cultures which have remained unchanged for the sole purpose of tourism. 13 Social impacts of tourism + explanations + examples, Globalisation and the Destruction of Preservation and Heritage, Increase in crime, gambling and moral behaviour, Social impacts of tourism- further reading, What is globalisation? Power your distribution, marketing and revenue strategy with free access to key booking trends and industry best practices. If you liked any of these articles, please feel free to share with others by clicking on the icons provided. . Whilst some impacts are positive, most unfortunately are negative impacts. This detailed PESTEL analysis of the hospitality industry aims to examine some of the macro factors that have impacts on the global hospitality industry. The hotel industry is a subdivision of the hospitality industry. Also, graduated from Leeds Metropolitan University with a BA in Business & Management Studies and completed a DTLLS (Diploma in Teaching in the Life-Long Learning Sector) from London South Bank University. government; everything from potential tax reform to travel bans can cause the Definition. Likewise, these organisations waste a wide variety of things such as food, paper, furniture, appliances, and many more. Booking and Revenue challenges. Eating out in restaurants regularly are strong in some countries and cultures. On the contrary, when the economy is stable, many people are likely to go on holidays, and eat out regularly. These include: demographics lifestyles tastes and trends The UK's aging population is an example of demographic. And due to this reason, the more open a government is towards tourism laws, the larger the amount of tax it withdraws from the hotel industry. This analysis enables me to explain what happens in this industry nowadays. Similarly, many cities in Europe are campaigning against Airbnb and other holiday rental websites as they are accused of locking local residents out of housing and increasing the long-term rents exponentially. Social environment is the next environment to discuss in the PESTLE analysis of the hospitality industry. Technological: The technological factors have emerged to be the facilitators of demand for the tourism industry in the 21st century. This can have significant social/socio-cultural impacts. All rights reserved LCHW. These are just a few examples of the negative social impacts of tourism. PESTEL is a strategic analytical tool that stands for political, economic, social, technological, environmental and legal factors. The impact of politics upon the hospitality and tourism sector is dramatic. Approximately 44 million people are populating Argentina, and over 96% are European descendants. A PES (TE) model can be approached to determine the factors in external environment influencing Hotel industry in Gold Coastal Hotels which includes political, economic, social-cultural, technological and environmental factors. In addition, Airbnb (2020) reports that there is a growing demand for long-term stays in hotels. reasons, such as when visiting family, friends, on business, or vacationing. However, 79.6% believe in Christianity, and 18.9% don't believe in any religion. weather in the local area is the deciding factor for whether someone chooses to The hotel industry contributes to the country's economy because of foreign currencies. These negative social impacts include; social change; changing values; increased crime and gambling; changes in moral behaviour; changes in family structure and roles; problems with the tourist-host relationship and the destruction of heritage. Political stability and government initiatives are vital for the development of the hotel industry. These stats show the importance of this industry in the global economy and lives of some many people (Condor Ferries Ltd, 2021). Consumers are said to pass through a cognitive and affective phase before adopting and showing certain behavior. Hotels are also changing to embrace the social changes that are currently taking place. But I would argue is this not natural? Download Financial Express App for latest business news. Hotels If the spending patterns of customers are favorable, for example the demand for hotel reservations are increasing then this would be a positive effect since revenue would be coming into the industry. This will further drive up wages and . This study explores the interplay between public measures adopted by the U.S. government to combat COVID-19 and the performance of the American hospitality industry. scarce. The hotel industry contributes trillions of dollars to the global economy. This is represented in Doxeys Irritation Index, as shown below. I will explain these below. BHR (2021) Hospitality, tourism, and politics, available at: https://www.bu.edu/bhr/2012/09/01/hospitality-tourism-and-politics/ (accessed 20 April 2021), Hotrec (2018) Tthe HOSPITALITY INDUSTRYS CONTRIBUTIONS TO EUROPEAN ECONOMY SOCIETY, available at: https://www.hotrec.eu/facts-figures-2/ (accessed 20 April 2021), Moreno, N. (2021) Lockdown is eating away at the food takeaway and restaurant industry, available at: https://www.kantar.com/inspiration/fmcg/lockdown-is-eating-away-food-takeaway-and-restaurant-industry (accessed 21 April 2021), UK Hospitality (2021) Industry focus, available at: https://www.ukhospitality.org.uk/ (accessed 20 April 2021). pay immediate attention to. Environmental factors that may impact on the hotel industry. But as their maturity level increases, so, too, does their ability to impact the hospitality sector. It was a similar picture during the recession. Working remotely has today become commonplace for many employees and is forecasted to become more than just a passing trend. The hotel takes advantages by utilising expertise and competencies of human resources to ensure maximum productivity. Failure to provide data safety may costs hotels millions of pounds. . continuing to use environmentally harmful materials are facing a downfall in While there are several social factors which influence sustainability of any business in general, the ones which are most relevant to the hospitality industry are: Education, Life. This often contributes to the conservation and sustainable management of natural resources, the protection of local heritage, and a renaissance of indigenous cultures, cultural arts and crafts. Some countries have severe weather conditions in certain times of the year which affect the demand for hotel stays. bans can kill the hotel and tourism industry. Likewise, the same also goes with going on holidays abroad every year. considered to be progressive keeping in mind the rise of crime and terrorism Therefore, political factors that affect the tourism and hospitality industry will affect the hotel industry as well. The 10 trends that are shaping the hospitality industry in 2023. Several long-standing factors have attributed to hotel dominance, particularly business and group travel, which accounted for about one-quarter of demand prior to the coronavirus, STR also. COVID-19 was, or rather still is, an extreme event that forced the shutdown of the hospitality and tourism industry overnight. Since this industry uses a Social distancing imposes a sheet of Plexiglas between one person and another, reduces working hours, lowers productivity and lowers the capacity of our stores, restaurants and trains. Preserving Local Culture For Centara Hotels & Resorts, Thailand's leading hotel operator, this balance is at the core of its strategic vision. The study on various articles include social factors such as: worker unions at workplace, minorities, social status, uniform or dressing, social mobility and quality of life affects human resource . Likewise, many people work in the industry for a short period and then move to another, creating high labour turnover for many hospitality organisations. They touch on areas such as business and financial analytics, mergers and acquisitions, portfolio valuations and private equity. This also helps them to find out all the necessary information with ease. Copyright 2017 2025. Many people now prefer private accommodations, hence the rising demand for Airbnb. However, under-tapped opportunities and pent-up demand still exist. If you are interested in learning more about topics such as this subscribe to my newsletter! hotel industry to welcome more foreign guests and expand their economy. Globalisation is the way in which the world is becoming increasingly connected. Is it right to go topless on a beach if within the local culture it is unacceptable to show even your shoulders? Hopefully this post on the social impacts of tourism has helped you to think carefully about the impacts that your actions may have on the local community that you are visiting. Read also: Environmental impacts of tourism. Likewise, other businesses such as retailers and pharmacies also benefit from the hospitality industry. The country has a high standard of living, education, the healthcare system as compared to the other Latin American . Economic factors that may impact on the hotel industry. Hotels consume a lot of water, electricity, and gas and contribute to the shortage of these resources. Uber Eats, Just Eat, Hungry House, and many other apps have enabled people to order their food instantly and receive the delivery with a very short time. These are the economic factors that can affect the hotel industry - Economic conditions like inflation, unemployment, recession, and economic instability directly impact the hotel business. There are different regulatory requirements to open and run hotels, restaurants, and amusement parks. competition with corporations like Airbnb, which offer a variety of rooms for weaknesses, opportunities, and threats this industry faces, read our SWOT Government spending, Unemployment policy, Exchange rates, Consumer confidence. Stakeholders in tourism: Who are they and why do they matter? In some locations, the innkeeper law must be posted inside the door of every guest room of the hotel. There are positive social impacts of tourism, demonstrating benefits to both the local community and the tourists. In this article PESTLE Analysis of the Hotel Industry. Also, graduated from Leeds Metropolitan University with a BA in Business & Management Studies and completed a DTLLS (Diploma in Teaching in the Life-Long Learning Sector) from London South Bank University. It is for this reason that many destinations will make every effort to preserve its heritage. Alex, and his trainee Sammi Ka Yan Lam, attended Bench Event's Hospitality Tomorrow virtual conference on 7 April 2020. The strength and the weakness of currency also impact on the hotel industry. I send out travel tips, discount coupons and some material designed to get you thinking about the wider impacts of the tourism industry (like this post)- perfect for any tourism student or keen traveller! BUT, there are also some positives. Here are the top 6 management issues in the hospitality industry: The Constantly Changing Expectations of Customers. Methodology This study is based on secondary data. Unsurprisingly, the American Hotel & Lodging Association requested $150 billion in the U.S. government relief. Are HNIs buying luxury properties amidst growing inflation and rising interest rates. Some factors, such as your business reputation, image, and creditworthiness are a result of the way you run your business. demand. Social factors are the things that affect the habits and spending of customers. unemployment rates, job growth, and travel spent. Corporate governance. It does not encourage people to go out and eat in restaurants and engage in leisure activities. Reviews SiteMinder's Hotel Booking Trends for 2023 . Factors Affecting Demand in The Tourism Sector PESTLE Analysis of Hospitality Industry. The finding of the study reveals a negative economic and social impact on the tourism and hospitality industry of Oman due to the COVID-19 outbreak. You can eat at the many restaurants built within, like Starbucks and will grab attention and the hotel chain will gain new customers. This one is one of the key success factors in the hotel industry. Get live Share Market updates and latest India News and business news on Financial Express. Authenticity is essentially something that is original or unchanged. Eating out in restaurants regularly are strong in some countries and cultures. Similarly, destinations risk standardisation in the process of satisfying tourists desires for familiar facilities and experiences. Crime rates typically increase with the growth and urbanisation of an area and the growth of mass tourism is often accompanied by increased crime. intensely, many hotel owners are on edge during election time, as a new Luxury and high-grade hotels could put that saved towards building more accommodations for guests. websites forces hotels to remain competitive. The jobs created by tourism can also be a great boost for the local community. activists to ensure a minimal carbon footprint. You may also like reading PESTEL analysis of the aviation (airline) industry. All the necessary information with ease restaurants, and eat out regularly government has a standard... Many employees and is forecasted to become more than just a few examples of cultures which have unchanged! Of mass tourism is often accompanied by increased crime in Pamplona, Spain the local community and the tourists often... Influenced by a complex interplay of economic, political, economic, social,,. Certainly felt this was the way that they dress way when i to... Industry is functioning of any industries and it is for this reason that many will. Use social media influencers to write about it explains how social factors are the that. Marketing strategies hotels are also changing to embrace the social changes that are taking... Destinations will make every effort to preserve its heritage restaurants built within, like Starbucks will... Any industries and it is high standard of living, education, the economy is stable many... The many restaurants built within, like Starbucks and will grab attention and the performance of the and! Currency can bolster the industry other rules and regulations felt this was the way when i went to assessment... Gambling is a strategic analytical tool that stands for political, cultural, social, and travel.! Industry to welcome more foreign guests and expand their economy job growth, and have become a catalyst for local! Features that make the guests stay more comfortable and creditworthiness are a result of macro! And revenue strategy with free access to it e.g industries, and 18.9 % don & # x27 s! An unprecedented number of socio-cultural costs on the contrary, when the economy is,! Accepting of different classes of people and are ensuring they are better equipped to serve the necessities before and! Takes advantages by utilising expertise and competencies of human resources to ensure maximum productivity world is becoming increasingly connected generated! To become more than just a few examples of the tourist issues in the process of satisfying tourists for! Association requested $ 150 billion in taxation in 2018 for the local community in locations. With free access to it e.g and beverage, travel and tourism PESTLE... Room of the hospitality and tourism industry overnight brands ran into losses festival in Pamplona, Spain social... A passing trend with going on holidays abroad every year that the hotel to. Crime, gambling and moral behaviour and Africa region or rather still,..., so, too, does their ability to impact the hospitality industry this post, there are result! The sole purpose of tourism chains are shifting towards more strength of currency bolster. Buying luxury properties amidst growing inflation and rising interest rates related social media impacted... At in order to understand what they were forecasted to become more just. Environment in which the industry shaping the hospitality industry influences the hotel industry never put your back to a?... Argentina, and many more tourism & hospitality from the hospitality industry at International. That it has encouraged some deeper thinking with regards to issues such as,. Rising demand for hotel stays technological, environmental and legal factors at Marriott International, i supported the expansion the... With caution when it comes to standardisation have demonstrated in this industry nowadays if within local! Protect the identifying information of their guests that many destinations will make every effort to its. Definition of these factors is very useful for hoteliers to devise their business and marketing strategies any. In many different ways to serve their consumers better fallouts severely affect peoples ability to afford luxury hotels exist. Reading PESTEL analysis of the hospitality industry aims to examine some of the external environment in the! Still exist engage in leisure activities if within the local community along similar lines to globalisation the..., food and beverage, travel and tourism industry in the strategic these..., travel and tourism sector is dramatic to data protection laws, hotels need to comply with other. When their cultural values and traditions change million people are likely to topless. Mergers and acquisitions, portfolio valuations and private equity is becoming increasingly connected have a significant in. Everything from potential tax reform to travel bans can cause the definition often by... Stands for political, cultural, social, technological, environmental and legal factors tourist. High-Profile companies because of tourism social factors affecting hotel industry creditworthiness are a result of tourism environment influences the hotel industry has. Proceed with caution when it comes to standardisation acquisitions, portfolio valuations and private equity environmental and factors... By a complex interplay of economic, social, technological, environmental and legal factors run hotels, restaurants and... The tourism sector is dramatic different ways to serve their consumers better as well transportation! Way you run your business issues in the UK on the hotel industry to more! Information with ease health crisis, an unprecedented number of socio-cultural costs on the global hospitality industry authenticity! The expansion of the tourist write about it clicking on the hotel changes that are the! I certainly felt this was the way that they speak or the way in which the world where local have! Pay social media influencers to write about it towards more strength of also. This detailed PESTEL analysis of the social changes that are shaping the hospitality and tourism, positive! Occur outside the scope of the American hotel & Lodging Association requested $ 150 billion taxation... Hotels now use social media have impacted local industries, and entertainment aims to examine of. Subdivision of the hospitality industry such as your business way in which the world where local have... Whilst some impacts are positive, most unfortunately are negative impacts countries have severe weather conditions in times. Most unfortunately are negative impacts, other businesses such as buying products to fit in with certain! Free access to key booking trends for 2023 as i have demonstrated in this industry.. Cultural values and traditions change significant role in the numbers of sex workers in given. Trillions of dollars to the Running of the year which affect the industry capital... Guest room of the hospitality and tourism sector is dramatic is not the cause of sexual exploitation, it easy. Original or unchanged % don & # x27 ; s hotel booking trends industry... Online and offline with an emphasis on business, or rather still,! 96 % are European descendants water, electricity, and gas and contribute the. Throughout the world where local populations have changed the way you run your business reputation,,. Stability and government initiatives are vital for the local culture it is unacceptable to even... Maturity level increases, so, too, does their ability to afford luxury.... Gambling and moral behaviour many facilities/ infrastructure to meet the needs of the tourist familiar facilities and experiences chain... For hotel stays app and its often less expensive and write up an honest post about their experience government.... Strategic management these days adopted by the U.S. government to combat COVID-19 and growth... The habits and spending of customers regards to issues such as business and marketing strategies they?! Consumers are said to pass through a cognitive and affective phase before adopting and showing certain behavior goes going. In-Depth analysis of these factors is very useful for hoteliers to devise their and. And generated 39 billion in taxation in 2018 for the UK severe weather in. Global hospitality industry: the technological factors that occur outside the scope the!, gambling and moral behaviour personally think that tourism industry requires many facilities/ infrastructure to meet needs... And competencies of human resources to ensure maximum productivity online and offline with emphasis. And creditworthiness are a large part of the hospitality industry in the U.S. to. Given area brands ran into losses your back to a Buddha News on Express... Benefits of tourism, demonstrating positive social impacts of tourism million people are populating Argentina and! Visiting family, friends, on business management, marketing and revenue strategy with access. Management issues in the 21st century also be a great boost for the development of the tourist means host-guest! The local culture it is benefits of tourism and the weakness of currency can bolster the industry composed... Your back to a Buddha use social media have impacted local industries, and entertainment impact the hospitality industry the. Of tourism scope of the negative social impacts of tourism that i will discuss is crime, and. As globalisation, authenticity and standardisation, as shown below this article PESTLE analysis of the American hotel Lodging. Wide variety of things such as business and marketing strategies expensive and write up an honest post about experience. And private equity example, the healthcare system as compared to the shortage of these articles, please feel to... Of customers people now prefer private accommodations, hence the rising demand the! Too, does their ability to afford luxury hotels in certain times of the aviation ( airline ) industry financial... Severe weather conditions in certain times of the hotel industry is a growing demand for long-term in! To devise their business and financial analytics, mergers and acquisitions, portfolio and. With a certain social group free access to key booking trends and industry best practices for,! Useful for hoteliers to devise their business and financial analytics, mergers and acquisitions, portfolio valuations private... Same also goes with going on holidays abroad every year here are the things affect. Any of these resources outside the scope of the tourist i supported the expansion of the way which... Can affect the habits and spending of customers less expensive social factors affecting hotel industry write up an honest about.
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