3. Political Impacts on the Hospitality Industry (20 points) Please choose one o

Question

3. Political Impacts on the Hospitality Industry (20 points)

Please choose one of the following current major political issues and discuss how it has impacted the tourism and hospitality industry. How can a global hospitality business that could be impacted by events (such as Disney, Marriott, Delta Airlines, etc) either capitalize on the event, or minimize the damage.

Political issues to choose from:

1.       Policy Issues: such as travel bans, currency manipulation, etc.

2.      Terrorism/Travel Warnings: such as travel warnings to Europe, Cuba or Mexico

3.      Voter Referendum: Brexit

Expectation: It is expected that your answer will be approximately 500 words in length (one page, single spaced, 12 point font) and will use a minimum of 3 cited sources. Please be sure to use in-text citations and include a reference list at the end of the question.

4. Changing Definitions & Old World Hospitality (20 points)

As discussed in class, the definition of hospitality is changing. Do you think that this is compatible with the interest in Old World Hospitality experiences? Why or why not? Where do the two concepts diverge if you disagree and where do they converge if you agree?

Expectation: It is expected that your answer will be approximately 500 words in length (one page, single spaced, 12 point font) and will use a minimum of 3 cited sources. Please be sure to use in-text citations and include a reference list at the end of the question.

5. Social Media (20 points)

Based on research, outline how social media influences the consumer decision process in hospitality. From your personal viewpoint as a member of the millennial generation, discuss what social media site you prefer before making travel decisions and why this is your most preferred site. How do you predict that the influence on social media will change in the next 5 to 10 years?

Expectation: It is expected that your answer will be approximately 500 words in length (one page, single spaced, 12 point font) and will use a minimum of 3 cited sources. Please be sure to use in-text citations and include a reference list at the end of the question.

Explanation / Answer

Political Impacts -

Tourismis one of the major key factor for a country's economic development. Any changes to curb the number of tourists because of any possible policy changes or safety warnings leads to downfall of economy. Tycoons and political leaders are the key players in tourism to gain economic and political power. There are numerous things which are changing drastically in the field of tourism because of varying demands of people around the world.

Policy issues like change in travel policy, currency manipulation can have wide range of concerns for the tourist and the end result is decrease in number of tourists which is proportionate to the decline in money flow.

The change in currency rates can have a greater impact between the two countries as this can have reduced flow of tourists. Certain countries like China who had made currency changes but implemented duty free purchase to attract tourists towards China market and to increase the economy of the country.

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