More Essay Examples on Economics Rubric Globalization has become an umbrella word for a number of political, sociological, environmental and economic trends which present challenges on a worldwide scale. The globalization of business and lifestyles is characterized by communicating over vast distances in foreign languages, frequent travel to overseas countries, dealing in many currencies, and coping with a variety of political and social systems, regulatory environments, cultures and customs. While these aspects of globalization are easy to identify, understanding the underlying current and future trends can be problematic. Analysis, however, reveals that a number of issues are reshaping the global hospitality industry, although there are clearly some complex questions that are still to be resolved:
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access Globalization in the Hospitality Industry Essay Sample Tourism is an industry Globalization in the hospitality industry essay gives people the opportunity to explore and discover different cultures and many different countries.
People are able to view attractions, dabble in local cuisine and experience life in a different country. Tourism is an industry that is rapidly growing as more and more people are traveling abroad.
People have a genuine interest in learning about new cultures and experiencing all that a country has to offer. More countries are moving closer to globalization and this in turn is beginning to blend many cultures together. Developing countries are expanding their role in the tourism industry as countries are discovering that this is one of the quickest ways to earn revenue.
Tourism blends many countries together in the service sector. The hospitality industry relies heavily on tourism and is the driving force behind sectors such as food and beverage as well as the hotel industry.
It is imperative that all of these industries work in a cohesive fashion because if one fails, so goes the others. When a country experiences a growth in tourism there is automatically an increase in food and beverage and the hotel sector among others. There are both positive and negative effects to the linkage in the hospitality industry and globalization plays a major part.
The hospitality industry creates a multitude of positions and job opportunities for people in the local area. As discussed above, the different sectors are strongly linked to one another. Promoting tourism in a country not only boosts the economy of that country, but also creates jobs for people.
Jobs such as chefs, housekeepers, waiters and waitresses, and hotel front desk clerks are all jobs that are in high demand when countries see a boost in tourism. Any decline in the hospitality industry results in job loss and high unemployment rates.
As discussed earlier, the hospitality industry is one of the most profitable industries in any given country. The hospitality industry generates a substantial amount of profits for the government in a relatively short amount of time when compared to other industries.
Governments are under a lot of pressure to promote their countries in order to bolster the tourist dollar. They rely heavily on tourists to eat in their restaurants, sleep in their hotels and visit their attractions. Without tourism, the hospitality industry is under-utilized.
This is why it is important that a country does what it can to promote these local attractions and appeal to people traveling into their country.
Hospitality organizations who believe that growth without globalization will need to research their efforts further if they are to survive. Many markets are seeing a rise in competition from other countries looking to steal business from them. Globalization impacts every sector of the hospitality industry.
As all aspects of the industry evolve, all resources will see competition from many countries across the globe.
Hospitality companies who do not anticipate and are not prepared will find themselves out in the cold. In the hotel sector, companies that have established a presence in the global economy, globalization has not been a concept is new to them.
Well established hotel chains face a variety of issues that they have to deal with in the global market. A hotel chain that operates globally must rely heavily on international tourism in order to fully function and thrive in different cultures and geographic settings.Summary to essay on topic "The impact on globalization in hospitality industry" Globalization is an ongoing process by which societies, economies and cultures have become integrated through a network of communication and transportation.
The competitiveness of the international hospitality industry in the context of globalization is impacted by different factors. One of these factors includes the globalization drivers, which are mainly, cost, market, government, and competitive drivers.
Globalization in the Hospitality Industry Essay Sample Tourism is an industry that gives people the opportunity to explore and discover different cultures and many different countries. People are able to view attractions, dabble in local cuisine and experience life in a different country.
Globalization in the hospitality industry Essay How is Globalization impacting the hospitality industry?
1: Educating workers around the world: Due to globalization, managers and employees of hospitality industry are able to learn about the different cultures, people, religions and other different prospects of life.
Globalization and Hospitality Industry The hospitality industry is by nature an international one. As international trade and business expand, there is little question but that international linkage will become even more important for the industry in such competitive business environment.
Essay: Globalization in the hospitality industry Globalization is becoming more important for the hospitality industry now a days. Due to globalization it is hard to identify a product or service that is not influenced by a cross border transaction (Parker, ).