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The International Society of Hospitality Consultants (ISHC) produced a report in 2006 that outlined the top 10 issues in the Hospitality industry for 2007 - Essay Example

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The international society of hospitality consultants (ISHC) have discussed over 100 issues to find out the top ten issues of the hospitality industry. Ultimately, the following Top Ten Issues were identified as ones that can be expected to potentially have the greatest impact on…
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The International Society of Hospitality Consultants (ISHC) produced a report in 2006 that outlined the top 10 issues in the Hospitality industry for 2007
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The International Society of Hospitality Consultants (ISHC) produced a report in 2006 that outlined the top 10 issues in the Hospitality industry for 2007

c and their impact on travel trends, considering the future of Hotel profits with balancing escalating expenses with the need to increase rates, Mitigating consumer confusion over brand proliferation and investor concerns over cross brand impact, Keeping up with rapidly changing playing field, And their impact on the travel industry, the changing travel patterns, issues in capital availability are the other aspects in the top ten issues (Hotel Line Special Report 2006).
As the time changes, even the hospitality industry has changed a lot for the better. While many of the issues have been effectively dealt with, a number of new asking issues have come to the scenario. A person lacking in a skill is likely to be less productive than someone who possesses such a skill (Frogner 2002). The problem of creating and maintaining a loyal and skillful work load is always a challenge for all the business owners around the world.
It has been anticipated that all the aspects of construction and renovation cost will continue to keep on increasing. ‘It was mainly because steel prices experienced a 48.8-percent increase in 2004, which was preceded by significant increases in scrap iron and steel prices in 2002 and 2003. Steel prices held steady in 2005 but jumped again in 2006 through 2009. They are expected to increase again in 2010 and beyond as demand for steel from construction projects in China and India increases. Scrap iron and steel prices have increased approximately 20 percent in the past twelve months’ (Hotel Line Special Report 2006).
Hospitality management systems have evolved into sophisticated, well integrated, multi- discipline tools capable of helping properties of all types and sizes attract more guests, generate more revenue and reach much-improved levels of efficiency. But still, in the certain areas of the world the main technological factors of the hospitality industry completely have to depend on outsourcing facilities which at times turns out to be ... Read More
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