How the Hospitality Industry has Evolved Under the Forces of Globalization to Remain Relevant to the Modern Society

How the Hospitality Industry has Evolved Under the Forces of Globalization to Remain Relevant to the Modern Society

Author: Caroline Mutuku

Publisher: GRIN Verlag

Published: 2018-07-10

Total Pages: 5

ISBN-13: 3668746435

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Essay from the year 2018 in the subject Tourism, grade: 1.4, , language: English, abstract: Today, the hospitality industry is experiencing immense challenges and opportunities, and this is attributable to the phenomenon of globalization. It is worth noting that globalization has facilitated market integration in the modern society. It is perceived that the forces of globalization and the new scenario of market integration are likely to persist into the 21st century and beyond. Over the years, the hospitality industry has undergone transient revolution due to the impact of globalization, in order to maintain its role and function in the modern society. It seems that there is creation of a universal lifestyle in the industry (Dubcová, Petrikovič & Šolcová 2011). This phenomenon has also been witnessed in other sectors. However, it is worth noting that different sectors have been influenced by globalization differently. Currently, business dynamics in the hospitality industry seem to have been transformed through market integration. For instance, interactions within the hospitality industry, as well as with other related sectors have changed significantly to open new opportunities (Munoz 2006). These changes are attributable to trade liberalization, emergence of new technologies which have reduced communication and lowered transportation costs, and created opportunities beyond borders. From an analytical perspective, the transformation of business dynamics has contributed to competitive activities and economic growth worldwide. On the other hand, the new wave of globalization has enhanced political and economic interdependencies through accelerating capital flows, and this has led to policy changes and governance in the hospitality industry. As a result, the hospitality industry has been forced to re-evaluate its role and function to meet the rapidly changing market place. Therefore, this paper will describe and analyze how the hospitality industry has evolved under the forces of globalization to remain relevant to the modern society.


Book Synopsis How the Hospitality Industry has Evolved Under the Forces of Globalization to Remain Relevant to the Modern Society by : Caroline Mutuku

Download or read book How the Hospitality Industry has Evolved Under the Forces of Globalization to Remain Relevant to the Modern Society written by Caroline Mutuku and published by GRIN Verlag. This book was released on 2018-07-10 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2018 in the subject Tourism, grade: 1.4, , language: English, abstract: Today, the hospitality industry is experiencing immense challenges and opportunities, and this is attributable to the phenomenon of globalization. It is worth noting that globalization has facilitated market integration in the modern society. It is perceived that the forces of globalization and the new scenario of market integration are likely to persist into the 21st century and beyond. Over the years, the hospitality industry has undergone transient revolution due to the impact of globalization, in order to maintain its role and function in the modern society. It seems that there is creation of a universal lifestyle in the industry (Dubcová, Petrikovič & Šolcová 2011). This phenomenon has also been witnessed in other sectors. However, it is worth noting that different sectors have been influenced by globalization differently. Currently, business dynamics in the hospitality industry seem to have been transformed through market integration. For instance, interactions within the hospitality industry, as well as with other related sectors have changed significantly to open new opportunities (Munoz 2006). These changes are attributable to trade liberalization, emergence of new technologies which have reduced communication and lowered transportation costs, and created opportunities beyond borders. From an analytical perspective, the transformation of business dynamics has contributed to competitive activities and economic growth worldwide. On the other hand, the new wave of globalization has enhanced political and economic interdependencies through accelerating capital flows, and this has led to policy changes and governance in the hospitality industry. As a result, the hospitality industry has been forced to re-evaluate its role and function to meet the rapidly changing market place. Therefore, this paper will describe and analyze how the hospitality industry has evolved under the forces of globalization to remain relevant to the modern society.


Impact of Globalization on Hospitality

Impact of Globalization on Hospitality

Author: Anderson Brians

Publisher: GRIN Verlag

Published: 2013-04-10

Total Pages: 15

ISBN-13: 3656404879

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Seminar paper from the year 2011 in the subject Business economics - Miscellaneous, grade: B, University of Cambridge, language: English, abstract: The rapid development of international economic integration and globalization has led to significant changes in hospitality industry. Therefore, it is necessary to dwell on various aspects of globalization as the process influencing the current and future developments in hospitality industry. This research will be based on the assumption of a generally beneficial impact of globalization on the industry’s development, and the analysis presented here will seek to substantiate this claim. For the purposes of this discussion, globalization shall be defined as the “ever-tightening network of connections which cut across national boundaries, integrating communities in new space-time combinations” (Hall 1992, p.299). While this definition may seem excessively broad, it is likely to better encapsulate the essence of globalization than the explicitly economy-oriented ones. This paper shall deal with the various expressions of globalization influences in modern hospitality industry. Given the extremely important role of the multinational corporations (MNCs) in contemporary tourism and hotel sectors, a case study of Hilton Hotels Corp. as the paragon of the globalized hotel chain will be integrated in this research. Further, a Business Performance Management (BPM) theoretical model shall be employed to evaluate the comparative performance of the prominent global hotel chains. Proceeding from the latter, a preliminary conclusion on the present state of the market may be formulated. Similarly, the problems of labour market and technological innovations shall be integrated into the study’s research framework. Finally, the issue of business strategies shall be raised, with several examples thereof being subjected to comparative analysis.


Book Synopsis Impact of Globalization on Hospitality by : Anderson Brians

Download or read book Impact of Globalization on Hospitality written by Anderson Brians and published by GRIN Verlag. This book was released on 2013-04-10 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Business economics - Miscellaneous, grade: B, University of Cambridge, language: English, abstract: The rapid development of international economic integration and globalization has led to significant changes in hospitality industry. Therefore, it is necessary to dwell on various aspects of globalization as the process influencing the current and future developments in hospitality industry. This research will be based on the assumption of a generally beneficial impact of globalization on the industry’s development, and the analysis presented here will seek to substantiate this claim. For the purposes of this discussion, globalization shall be defined as the “ever-tightening network of connections which cut across national boundaries, integrating communities in new space-time combinations” (Hall 1992, p.299). While this definition may seem excessively broad, it is likely to better encapsulate the essence of globalization than the explicitly economy-oriented ones. This paper shall deal with the various expressions of globalization influences in modern hospitality industry. Given the extremely important role of the multinational corporations (MNCs) in contemporary tourism and hotel sectors, a case study of Hilton Hotels Corp. as the paragon of the globalized hotel chain will be integrated in this research. Further, a Business Performance Management (BPM) theoretical model shall be employed to evaluate the comparative performance of the prominent global hotel chains. Proceeding from the latter, a preliminary conclusion on the present state of the market may be formulated. Similarly, the problems of labour market and technological innovations shall be integrated into the study’s research framework. Finally, the issue of business strategies shall be raised, with several examples thereof being subjected to comparative analysis.


Kraus' Recreation and Leisure in Modern Society

Kraus' Recreation and Leisure in Modern Society

Author: Amy Hurd

Publisher: Jones & Bartlett Learning

Published: 2021-08-06

Total Pages: 376

ISBN-13: 1284249441

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Kraus' Recreation and Leisure in Modern Society provides a detailed introduction to the history, developments, and current trends in leisure studies. The Twelfth Edition focuses on the challenges and opportunities impacting the profession—including dramatic demographic changes, new technologies, and innovations in marketing—through an array of pedagogical features, including engaging sidebars and case studies addressing contemporary issues. Focusing on ten different types of organizations—ranging from nonprofit community organizations and armed forces recreation to sports management and travel and tourism sponsors—the Twelfth Edition is an invaluable resource for students considering a career in the recreation and leisure industry


Book Synopsis Kraus' Recreation and Leisure in Modern Society by : Amy Hurd

Download or read book Kraus' Recreation and Leisure in Modern Society written by Amy Hurd and published by Jones & Bartlett Learning. This book was released on 2021-08-06 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kraus' Recreation and Leisure in Modern Society provides a detailed introduction to the history, developments, and current trends in leisure studies. The Twelfth Edition focuses on the challenges and opportunities impacting the profession—including dramatic demographic changes, new technologies, and innovations in marketing—through an array of pedagogical features, including engaging sidebars and case studies addressing contemporary issues. Focusing on ten different types of organizations—ranging from nonprofit community organizations and armed forces recreation to sports management and travel and tourism sponsors—the Twelfth Edition is an invaluable resource for students considering a career in the recreation and leisure industry


Kraus' Recreation & Leisure in Modern Society

Kraus' Recreation & Leisure in Modern Society

Author: Mclean

Publisher: Jones & Bartlett Learning

Published: 2017-08-25

Total Pages: 329

ISBN-13: 1284106810

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The Eleventh Edition of Kraus' Recreation and Leisure in Modern Society provides a detailed introduction to the history, developments, and current trends in leisure studies. It addresses contemporary issues facing the recreation and leisure profession and focuses on challenges and opportunities that impact the profession now as well as years from now. Extensive research into emerging trends helps support the text and provide insights into the future.


Book Synopsis Kraus' Recreation & Leisure in Modern Society by : Mclean

Download or read book Kraus' Recreation & Leisure in Modern Society written by Mclean and published by Jones & Bartlett Learning. This book was released on 2017-08-25 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eleventh Edition of Kraus' Recreation and Leisure in Modern Society provides a detailed introduction to the history, developments, and current trends in leisure studies. It addresses contemporary issues facing the recreation and leisure profession and focuses on challenges and opportunities that impact the profession now as well as years from now. Extensive research into emerging trends helps support the text and provide insights into the future.


Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention

Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention

Author: Yanamandra, Ramakrishna

Publisher: IGI Global

Published: 2023-08-07

Total Pages: 668

ISBN-13: 1668487829

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The Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention is a comprehensive book that addresses the issue of entrepreneurial intention and its development. The book highlights the significant role of entrepreneurship in the growth and development of economies and presents a global understanding of entrepreneurial intention. It discusses how the “seeds” of entrepreneurial intention are sown, and how a supportive entrepreneurial ecosystem can develop successful entrepreneurs. The book provides insights into the challenges and apprehensions faced by aspiring entrepreneurs. This book develops models and frameworks to identify strategies, best practices, case studies, and successful examples from multiple regions to develop entrepreneurial intention among students of higher education. It bridges the gap between policies related to the entrepreneurial ecosystem and its implementation to nurture entrepreneurial intention among aspiring entrepreneurs. This book is an essential resource for researchers, industry practitioners, academicians, higher education institutions, students, policy makers, corporate executives, banks, venture capitalists, angel investors, and entrepreneurs trying to re-enter. It is also highly useful for undergraduate, graduate, and research level students pursuing entrepreneurship education and aspiring to become entrepreneurs. Overall, the book provides an in-depth understanding of entrepreneurial intention and how it can be nurtured to create successful entrepreneurs, making it an important reference for anyone interested in entrepreneurship and economic growth.


Book Synopsis Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention by : Yanamandra, Ramakrishna

Download or read book Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention written by Yanamandra, Ramakrishna and published by IGI Global. This book was released on 2023-08-07 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention is a comprehensive book that addresses the issue of entrepreneurial intention and its development. The book highlights the significant role of entrepreneurship in the growth and development of economies and presents a global understanding of entrepreneurial intention. It discusses how the “seeds” of entrepreneurial intention are sown, and how a supportive entrepreneurial ecosystem can develop successful entrepreneurs. The book provides insights into the challenges and apprehensions faced by aspiring entrepreneurs. This book develops models and frameworks to identify strategies, best practices, case studies, and successful examples from multiple regions to develop entrepreneurial intention among students of higher education. It bridges the gap between policies related to the entrepreneurial ecosystem and its implementation to nurture entrepreneurial intention among aspiring entrepreneurs. This book is an essential resource for researchers, industry practitioners, academicians, higher education institutions, students, policy makers, corporate executives, banks, venture capitalists, angel investors, and entrepreneurs trying to re-enter. It is also highly useful for undergraduate, graduate, and research level students pursuing entrepreneurship education and aspiring to become entrepreneurs. Overall, the book provides an in-depth understanding of entrepreneurial intention and how it can be nurtured to create successful entrepreneurs, making it an important reference for anyone interested in entrepreneurship and economic growth.


Handbook of Research on Social Media Applications for the Tourism and Hospitality Sector

Handbook of Research on Social Media Applications for the Tourism and Hospitality Sector

Author: Ramos, Célia M.Q.

Publisher: IGI Global

Published: 2019-12-27

Total Pages: 477

ISBN-13: 1799819485

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Tourists frequently rely on social networks to provide information about a product or destination as a decision support tool to make adequate decisions in the process of planning a trip. In this digital environment, tourists share their travel experiences, impressions, emotions, special moments, and opinions about an assortment of tourist services like hotels, restaurants, airlines, and car rental services, all of which contribute to the online reputation of a tourist destination. The Handbook of Research on Social Media Applications for the Tourism and Hospitality Sector is a fundamental reference source that provides vital theoretical frameworks and the latest innovative empirical research findings of online social media in the tourism industry. While highlighting topics such as e-business, mobile marketing, and smart tourism, this publication explores user-generated content and the methods of mobile strategies. This book is ideally designed for tour developers, travel agents, restaurateurs, hotel management, tour directors, entrepreneurs, social media analysts, managers, industry professionals, academicians, researchers, and students.


Book Synopsis Handbook of Research on Social Media Applications for the Tourism and Hospitality Sector by : Ramos, Célia M.Q.

Download or read book Handbook of Research on Social Media Applications for the Tourism and Hospitality Sector written by Ramos, Célia M.Q. and published by IGI Global. This book was released on 2019-12-27 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tourists frequently rely on social networks to provide information about a product or destination as a decision support tool to make adequate decisions in the process of planning a trip. In this digital environment, tourists share their travel experiences, impressions, emotions, special moments, and opinions about an assortment of tourist services like hotels, restaurants, airlines, and car rental services, all of which contribute to the online reputation of a tourist destination. The Handbook of Research on Social Media Applications for the Tourism and Hospitality Sector is a fundamental reference source that provides vital theoretical frameworks and the latest innovative empirical research findings of online social media in the tourism industry. While highlighting topics such as e-business, mobile marketing, and smart tourism, this publication explores user-generated content and the methods of mobile strategies. This book is ideally designed for tour developers, travel agents, restaurateurs, hotel management, tour directors, entrepreneurs, social media analysts, managers, industry professionals, academicians, researchers, and students.


Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry

Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry

Author: Vasant, Pandian

Publisher: IGI Global

Published: 2016-10-31

Total Pages: 515

ISBN-13: 1522510559

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The application of holistic optimization methods in the tourism, travel, and hospitality industry has improved customer service and business strategies within the field. By utilizing new technologies and optimization techniques, it is becoming easier to troubleshoot problematic areas within the travel industry. The Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry features innovative technologies being utilized in the management of hotels and tourist attractions. Highlighting empirical research on the optimization of the travel and hospitality industry through the use of algorithms and information technology, this book is a critical reference source for managers, decision makers, executives, tourists, agents, researchers, economists, and hotel staff members.


Book Synopsis Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry by : Vasant, Pandian

Download or read book Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry written by Vasant, Pandian and published by IGI Global. This book was released on 2016-10-31 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: The application of holistic optimization methods in the tourism, travel, and hospitality industry has improved customer service and business strategies within the field. By utilizing new technologies and optimization techniques, it is becoming easier to troubleshoot problematic areas within the travel industry. The Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry features innovative technologies being utilized in the management of hotels and tourist attractions. Highlighting empirical research on the optimization of the travel and hospitality industry through the use of algorithms and information technology, this book is a critical reference source for managers, decision makers, executives, tourists, agents, researchers, economists, and hotel staff members.


Examining the Impact of Community Colleges on the Global Workforce

Examining the Impact of Community Colleges on the Global Workforce

Author: Jones, Stephanie J.

Publisher: IGI Global

Published: 2015-08-04

Total Pages: 295

ISBN-13: 1466684828

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In an effort to create a more educated workforce in the United States, many community colleges are implementing new practices and strategies to assist under-prepared students. These efforts will ultimately support a stronger and more resilient global workforce. Examining the Impact of Community Colleges on the Global Workforce provides relevant theoretical and conceptual frameworks, best practices, and emerging empirical research about new approaches being employed in community colleges to prepare students for their post-collegiate careers. Featuring recent initiatives in educational settings, this publication is a critical reference source for higher education practitioners, policymakers, and graduate students in higher education administration programs interested in the innovative practices utilized by community colleges to educate underserved students.


Book Synopsis Examining the Impact of Community Colleges on the Global Workforce by : Jones, Stephanie J.

Download or read book Examining the Impact of Community Colleges on the Global Workforce written by Jones, Stephanie J. and published by IGI Global. This book was released on 2015-08-04 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an effort to create a more educated workforce in the United States, many community colleges are implementing new practices and strategies to assist under-prepared students. These efforts will ultimately support a stronger and more resilient global workforce. Examining the Impact of Community Colleges on the Global Workforce provides relevant theoretical and conceptual frameworks, best practices, and emerging empirical research about new approaches being employed in community colleges to prepare students for their post-collegiate careers. Featuring recent initiatives in educational settings, this publication is a critical reference source for higher education practitioners, policymakers, and graduate students in higher education administration programs interested in the innovative practices utilized by community colleges to educate underserved students.


Higher Education Challenges in South-East Asia

Higher Education Challenges in South-East Asia

Author: Kahl, Christian

Publisher: IGI Global

Published: 2020-10-23

Total Pages: 293

ISBN-13: 1799844900

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Over the last decade, many local students have preferred to study overseas. This has caused governments to announce the creation of programs and developments in the higher education sector to upgrade South-East Asia to a leading education hub. Moreover, many governments declared that they would work on the insurance of learning to increase the quality of the degrees and the teaching itself. This has led many to question the results of these declarations. Higher Education Challenges in South-East Asia provides an overview of what has been happening over the last ten years in higher education in South-East Asia. It also works to solve the challenges in modern education such as the impacts of digitalization, globalization, and Generation Y and Z learning styles. Covering topics that include globalization, educational technologies, and comparative teaching, this book impacts academic institutions, policymakers, government officials, university and college administrators and leaders, academicians, researchers, and students.


Book Synopsis Higher Education Challenges in South-East Asia by : Kahl, Christian

Download or read book Higher Education Challenges in South-East Asia written by Kahl, Christian and published by IGI Global. This book was released on 2020-10-23 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, many local students have preferred to study overseas. This has caused governments to announce the creation of programs and developments in the higher education sector to upgrade South-East Asia to a leading education hub. Moreover, many governments declared that they would work on the insurance of learning to increase the quality of the degrees and the teaching itself. This has led many to question the results of these declarations. Higher Education Challenges in South-East Asia provides an overview of what has been happening over the last ten years in higher education in South-East Asia. It also works to solve the challenges in modern education such as the impacts of digitalization, globalization, and Generation Y and Z learning styles. Covering topics that include globalization, educational technologies, and comparative teaching, this book impacts academic institutions, policymakers, government officials, university and college administrators and leaders, academicians, researchers, and students.


Management of Training and Development in Hospitality Industry

Management of Training and Development in Hospitality Industry

Author: Archana Acharya

Publisher: Archers & Elevators Publishing House

Published:

Total Pages:

ISBN-13: 9390996287

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Book Synopsis Management of Training and Development in Hospitality Industry by : Archana Acharya

Download or read book Management of Training and Development in Hospitality Industry written by Archana Acharya and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: