Factors Affecting The Hospitality Industry - 2341 Words

According to the read and digest website, a resort is a place where families intend to spend their holidays or weekends for relaxation or recreation. Usually resorts are commercial establishments like hotels, which are managed by companies. People in urban areas are especially busy all through the week and look for ways to refresh and rejuvenate themselves. Resorts are the perfect place for such people who can happily spend time with their families and also getaway places for birthday parties and theme parties. They are usually located away from the hustle bustle of cities and towns. (read and digest). There are several factors to consider when talking about resorts there are always trends, economic, social/societal, and global issues that are to be considered. Economic Trends Most, if not all, parts of the hospitality industry excel from rises in the world economy, and suffer from the lows (Kapiki), and destination resorts are no exception. During low periods in the economy destination resorts try to lower their prices for customers to be able to still coming, and raise their prices when the economy improves. Destination resorts, however, do not just depend on the world economy. Most destination resorts are located in places called resort towns because the towns rely heavily on the resorts for jobs, outside income, and just about every other aspect of their local economy. In the case of the resorts failing, these towns would either partially or completely collapse, howeverShow MoreRelatedFactors That Impact on and Influence the Organisation Essay1702 Words   |  7 PagesFactors that impact on and influence the organisation The business environment is often an uncertain one, where managers are faced with many factors that impact on and influence the organisation. The micro-environment includes suppliers, customers and stakeholders, all of which influence the organisation directly. 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