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Importance and Challenges of the Hospitality Industry
Hotel industry background information
Importance and Challenges of the Hospitality Industry
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MBA 820 Hotel Industry Analysis Executive Summary By Yang Xu 2014/05/02 The hotel industry analysis Executive Summary Hotels are certainly necessary and now you can easy to find them anywhere even in the small city. The hotel industry is a business that providing travelers a place to stay. In this industry, success is based on satisfy targeted client’s needs, create the desirable atmosphere, and provide a diversity of services and amenities. Hotel industry has grown from modest roots of provide lodging to a large, diverse and multi-faceted industry. The hotel industry’s foundation is for the business of providing lodging. Hotels are supplying a safe, nice place for travelers’ temporary stay. The guests of business people, the families on a vacation and the groups of travelers, all of them need comfortable place, so the hotel is the best place where they turn to looking for. Most of hotel rooms are used for a short stay, and basically there is a bed and a bathroom and basic features like television and a phone. The quality is the most important feature of the hotel industry. Normal hotels usually charge minimal fees for providing only the most basic service, and the luxury hotels is more focus on rich travelers can be very expensive. Most of basic hotels just offer one-bedroom units and the room is small, but higher-level hotels will have big suites. Both of them have clients, just different in serve emphasize. When the customers had the services they expect of the room they filled, no matter it is small, big, luxurious or affordable, it will be consider as successful. Many hotels have restaurants and in-hou... ... middle of paper ... ...62 Hypothesized Mean Difference 0 df 15 t Stat -0.308600169 P(T<=t) one-tail 0.380935081 t Critical one-tail 1.753050356 P(T<=t) two-tail 0.761870161 t Critical two-tail 2.131449546 Reference: http://www.hiltonworldwide.com/portfolio/hilton/ http://en.wikipedia.org/wiki/Hospitality_industry http://www.hotelmanager.net/marriott-international-becomes-market-leader-by-signing-its-100th-hotel-in-china.html http://en.wikipedia.org/wiki/Marriott_International http://www.irs.gov/Businesses/Hotel-Industry-Overview---Complete-Version http://en.wikipedia.org/wiki/Starwood_Hotels_and_Resorts_Worldwide http://www.scps.nyu.edu/academics/departments/tisch/conferences-events/ihii-conference.html http://www.hospitalitynet.org/news/4063217.html http://www.tripadvisor.com/Travel-g60763-c132111/New-York-City:New-York:Bed.Bugs.In.Hotels.html http://en.wikipedia.org/wiki/Hotel