The future of hospitality - Environmental analysis

5 important questions on The future of hospitality - Environmental analysis

What are major changes in the environment that will change the future hospitality?

Conducting an environmental analysis will enable managers to envision the impact of global and industry changes on their current hospitality business.

What is a characteristic of hypes, fads and fashion?

All these rise and fade away quickly. Once identified, we can evaluate a trend as either an opportunity or a threat to the organisation.

What is the last step to examine the effects on your organisation and define the measures you need for your strategy?

SWOT analysis.
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What is contextual environment?

Where overall developments, changes, and trends occur, often grounded in societies.

What is transactional environment?

Where your organisation interacts with other parties to establish continuity and profit, which is influenced by the contextual environment.

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