One of the issues that the American Hotel and Lodging Association (AH&LA) currently working is International Travel. This issue will have a big impact to the future of hospitality industry. And, since the international travel market has a positive dynamics of growth, US Government and private sector may miss a profit from this segment of the market, because of the strict rules of the entry and stay in the United States. According to AH&LA web cite, the flow of international travelers to the US increased about 5 percent in the period from 2012 to 2013. And they expecting it grow up to 20 percent increase by 2018. But this growth could be even bigger, if the Congress would vote for the Job Originated through Launching Travel (JOLT) Act of 2015, that was assigned to a congressional committee on March17, 2015. The …show more content…
But world is changing, and growth of international visitors, both business and leisure oriented, giving an opportunity for domestic hospitality market to expand and make a bigger profits. Mainly, because of rapid growth of population in the world - that is mean more travelers in the future. The United States doesn’t have a long history or a reach culture, such as Asia or Europe, that is why our policies need become more open. And to accomplish it, the United States government should help to make our travel market competitive against the other. Overall, it doesn’t sounds to complicated to extend a non-immigration visas, this will encourage our guests to stay in the country longer and spend more money inside of the United States. Of course, this action includes a danger of illegal immigration and puts a lot of pressure on US missions and consulates abroad. That is why the Congress committee must work on this bill tougher with the Department of Homeland Security. This cooperation may slowdown a bill, but this action should correct it and make it safe for our
Secondly, in relation to the issue of security, the U.S administration should endeavor to spread a helping hand to counter terrorism-breeding points internationally. In addition, security perimeters of immigrants should be spread to ensure that it operates without hitches. Most terrorist will immigrate to the U.S posing as investors or students, and not commonly as job seekers. Thus, more policy measures should be reinstated in relation to this approach.
Another way Illegal Immigrants helps the U.S. is by attracting tourists, according to a press release on th...
Horner, S., & Swarbrooke, J. (2004). International cases in tourism management. (1 ed.). London, England: Elsevier Butterworth-Heinemann.
1. A key point in taking a company international is arbitrage or taking advantage of a price difference. Take for instance Samsung in China. They are dominating the market against their rival Apple 3-1. Apple introduced a cheaper international version of the iPhone in response but is losing its high-end market to Samsung. Samsung mobile devices are the first choice among corporate executives. Also, politically, Chinese officials are familiar with Samsung products with a committee following its moves. However, the Chinese media is increasingly critical of Apple. Secondly, even though the Chinese market knows that Samsung is Korean, they have targeted a niche market in the world’s largest economy.
‘US Immigration’ refers to the movement of people from various parts of the world into the USA. Considering the recently concluded presidential election in the USA and a new government in the house, there has been a lot of changes in the process of immigration to the USA and it is a fiercely debated political issue with a lot of repercussions and details to be taken into account.
As an owner of a business your main goal is to expand your business, nationally and internationally. Expanding your business internationally opens many doors to have a successful business. There are vast numbers of companies in the United States who manage business with companies all over the world. Nevertheless, companies from foreign countries may not always have the same ethics as businesses from the United States, which can be an immense deal, for example “An executive of a company offers a government official payment in exchange for the official incorrectly classifying imported goods so the shipment will be taxed at a lower rate than the correct classification would require” (Cateora, Gilly and Graham, International Marketing)
Back in 1978, China had only 137 tourist hotels. With the introduction of economic reform and the open door policy, this led to a rapid growth in the hotel industry for China. The InterContinental Hotel Group (IHG) was among the earliest international hotel chains to enter the China Market. The first hotel they introduced to China was the Lido Holiday Inn that was opened in Beijing. After the first year of the Holiday Inn in China, there was an outstanding performance by earning a big profit. This proved that the market for international owned hotels was good and with tourism and the economy growing every year, why wouldn’t you place a hotel in Chinas growing market. Just ten years later, there were ten more hotels managed by the IHG in major cities in China. The InterContinental brand innovated to the China market to set them apart from the competition. They were the first international hotel chain to launch a Chinese language website and the first to offer online reservations to guests who did not use credit cards. The premise of this paper is to provide the reader with insight on how the InterContinental Hotel Group implemented strategies in China to gain a competitive advantage. I will go further to discuss how it can maintain its advantage in the future. The IHG Company has
Traditionally, the hotel industry has catered to the lodging, dining and other amenities of travellers or guests. The industry operates across the different value chain by offering services and facilities as per the preferences and paying capacity of guests’. Typically, players in this industry own assets and or franchise their brands or manage third party assets. The hotel business is highly capital intensive but at the same time highly competitive, this is due to the presence of a large number of players across the different value chain. The industry being highly regional in nature, the hotel business is directly impacted by overall economic or business activity and tourist movement
According to the official statistics, “The U.S. travel and tourism industry generated over $1.5 trillion in economic output in 2016, supporting 7.6 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and a third (33 percent) of all U.S. services exports, positioning travel and tourism as the nation's largest services export. One out of every 18 Americans is employed, either directly or indirectly, in a travel or tourism-related industry. In 2016, U.S. travel and tourism output represented 2.7 percent of the gross domestic product.” ("Travel, Tourism & Hospitality Industry Spotlight | SelectUSA.gov," 2017). However, compared to the countries that are developing at an extremely fast pace, the U.S. travel industry is likely to leave the first positions but stay on the top list. China is the primary candidate for surpassing the U.S. giving the birth rate and the economic growth of the Eastern country ("Global Business Travel Spend Topped Record-Breaking $1.2 Trillion USD in 2015, Will Reach $1.6 Trillion by 2020",
For the introduction, brief information regarding my purchase and the travel and tourism industry is presented. It was then followed by the explanation of the 2 chosen theories from two different chapters.
The overall industry saw a strong boom rate from 2010-2014. The global hotels & motels industry had total revenues of $677.1bn in 2014, representing a compound annual growth rate (CAGR) of 4.6% between 2010 and 2014. In comparison, the Asia-Pacific and US industries grew with CAGRs of 6.6% and 5% respectively, over the same period, to reach respective values of $163.7bn and $166.2bn in 2014(Global Hotels & Motels 7). The reason for this growth is due to the Asia-Pacific Region and Americas. The US alone with its world’s largest hotels/market has conquered net value growth, while China has literally doubled the revenue in the same time span. The leisure segment
What do the letters PESTEL stand for? Can you identify any links between some of these
Whitla, P., Walters, P., Davies, H. 2007, Global strategies in the international hotel industry, Hospitality Management, vol. 26, pp. 777–792.
time and is therefore perishable. All hotels with a fixed number of rooms and transport operators with a fixed number of seats (railway, air carrier, bus companies, etc.) face the challenge of matching supply to the available demand. Excess capacity that is not sold on a particular day is lost and can never be recovered.
Helped With unique efforts by government and all other stakeholders, including hotel owners, resort managers, tour and travel operators and employees who work in the sector, Indian hospitality industry has gained a level of acceptance world over. It has yet to go miles for recognition as a world leader of hospitality.