Answer 6 to 8
pages (each Part Answer)
Assignment – about the Restaurants Topics
Part 1 – Economic
Factors Affecting Hospitality/Tourism
Recent and ongoing changes in the world’s
economy has had an impact on the hospitality/tourism industry. From natural
disasters to war, the world’s economy affected and in turn affects the
hospitality/tourism industry.
In addition, new comers to the market
such as AirBNB are having a negative impact on the industry. As the economy
slowed, vacationers have looked for other more economic ways to enjoy travel
without the high cost of traditional hotels.
My Question
Locate three
regions of the world that have been especially impacted by the economic crisis
beginning in 2008 to present.
1. Analyze the cause – effect
relationships
2. What has been done to combat the
effect of the crisis
3. What collateral damage has occurred
as a result of the crisis?
For this exercise
1. 1. Read and review Economic Outlook
– https://www.youtube.com/watch?v=n0T2P0-0Qos
2. Read The Impact of Economic Crisis
on Tourism and Hospitality: Results of a
Study in Greece
3. Investigate
the Global Economic Impact of Tourism Industry
1.Watch –
https://www.youtube.com/watch?v=E6dVL3qNWcs
2. Read the United Nations
report on Economic crisis, tourism decline, and its impact on the poor
Part 2 – Hospitality/Tourism Factors Affecting
Economics
Hospitality and
tourism can bring many economic and social benefits, particularly in rural
areas and developing countries. However,
when factors such as natural disasters, global disease, and man made disasters
occur, they have a powerful effect on the hospitality/tourism industry and
ultimately on the economics of a country.
My Question
For the hospitality
business you have chosen, decide on a minimum of 5 things you can do to be
socially responsible. Give specific examples and support your decisions with
evidence.
For this exercise
1. How does
tourism affect the economy:
1. Read pdf in Resources, Tourism’s
Economic Impact (in resources)
2. Investigate and watch –
https://www.youtube.com/watch?time_continue=1&v=HnEkgXrnAOI for Economic
Growth
3. Watch –
a key factor in GDP growth worldwide
2. Factors
Affecting Global Tourism
1. Investigate the effect of disease on
hospitality/tourism industry:
o Watch-
https://www.youtube.com/watch?v=bfOYMCQ_usU and Marburg Scares Negatively
Affect Tourism
o Watch –
https://www.youtube.com/watch?v=gtNJasjR8I4
Affecting Global Tourism
o Watch –
https://www.youtube.com/watch?v=hGddDObrWG4 consequences from Crimea split from
Ukraine economy
o Watch –
https://www.youtube.com/watch?v=I6LOXzVO30w
2. Review The economic impact of tourism in New Mexico
o Watch –
https://www.youtube.com/watch?v=dreO2bkV3Vw
o Watch –
https://www.youtube.com/watch?v=IC085HN34vg
o Watch –
https://www.youtube.com/watch?v=1WalPfH31bY
3. What can be
done to overcome issues affecting hospitality/tourism for economic stability
• Employee Retention for Economic
Stabilization
• Open Innovation as a Chance to
Overcome Economic Crisis in the Hotel Industry
• Medical Tourism (pdf in resources)
https://www.youtube.com/watch?v=oG3Gd4hEZcg
• Investigate IHG’s Innovation impact
4. Environmental
Responsibility
• Ten Environmental Tips for the
Hospitality Industry
• Greening the Hospitality Industry
• How to Increase your Bottom Line by
Going Green
