Table of Contents The Vietnam Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions.
How does it apply to the hotel industry? The primary reason to perform this analysis is to help a hotel be able to develop a strong business strategy. A good strategy depends on knowing what of business strength happens to be, what the weaknesses of that business are, and how those weaknesses can be turned into a natural advantage.
SWOT stands for strengths, weaknesses, opportunities, and threats. A new business should always use this type of analysis as part of their overall planning process.
There is no cookie-cutter plans that will work for your business. By taking into account the SWOT information that is available, a strategy for success can be formed and then reviewed annually at a minimum.
What Are the Strengths of the Hotel Industry? The hotel industry provides people with a safe place to stay when they are away from home. From the boutique hotel to the international brand, granting the people who stay there a chance to relax prepare for a business function let everyone be able to enjoy their time away from home as much as possible.
Hotels also are a major contributor to the local economy.
There might be major tourist attractions that bring people into a community, but is the hotel that has allowed people to stay there. When people stay locally, they consume goods and services locally.
They will go to local restaurants, shop at local stores, and those dollars stay within the community. What Are the Weaknesses of the Hotel Industry?
The primary weakness of this particular industry is its cost. Upper-level hotels can charge thousands of dollars per night per room. That is simply out of the price range of the average household today.
This limits the demographics that can be marketed to these premium experiences. There are lower cost hotels that exist throughout the world, but lower costs will typically bring about lower services at a lower standard of maintenance.
The hotel industry also faces a unique tax structure in most communities. Many rooms have a specific tax that is charged per night when they are booked. What Are the Opportunities of the Hotel Industry? Every community has a specific set of attractions that make it a tempting place to visit.
What a hotel can do is change the set of attractions that are available with often just a small investment. Hotels also have an opportunity for year-round customers thanks to their business structure. The peak season often brings about domestic and international tourism, but the off-season brings about local tourists who wait until national or international demands have been greatly reduced.
With the right business plan, a school holiday can be just as profitable as a warm June afternoon. What Are the Threats of the Hotel Industry? The primary threat of the hotel industry today are boutique alternatives that cater to specific customer needs.
For a fraction of the cost of a hotel room, a boutique establishment can provide a higher level of personal service and attention and sometimes even a better overall room. Local conditions also affect the hotel industry.
In places where there is political unrest, tourism is going to be down dramatically. People do not want to stay in a hotel that could become the focus of a potential conflict while they are in the region.
They will spend their tourism dollars in safer locations instead.Industry SWOT Analysis Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the IT sector and within the broader telecommunications, political, economic and .
Regional Analysis of 2-in-1 laptops Market Estimation and Forecast The global 2-in-1 laptops market is estimated to grow at a promising rate in the upcoming years. North America is the leading region among Europe, Asia Pacific, and the Middle East & Africa.
SWOT analysis is generally performed once the initial situation analysis has been performed, and the organisation wishes to confirm what the most important Words 3 Pages. Singapore Land Swot Airline Swot AIRLINE SWOT The strategy that they have formulated at the beginning was a clever blend of proven strategies by other low cost airlines in US and Europe.
As for the SWOT Analysis of PC Karachi is concerned SWOT Analysis is basically done to find out that do they have sufficient resources to cover their weakness and still achieve their objective" Strengths One of the major strength of PC is that PC is in the hotel market for the past 36 years.
Graduates of Karachi University - the names, photos, skill, job, location. Information on the Karachi University - contacts, students, faculty, finances.