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Managing hospitality resources Essay Example

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Managing hospitality resources

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They are likely to be aware of other competitors and can influence the revenue generated by the company International Customers: These include tourists and other foreigners who might want to visit or lodge in the re-developed building. The choice of a new way of using the land is therefore dependent on the kind of arrangements that attracts them to lodge in there, since their patronage will determine the revenue base of the future building. Construction companies: This include the construction companies available on the market who can develop the premises. Any new concept that will be developed must be based on the availability and the quotes of such companies on the market. Competitors: In choosing a given form of hospitality activities, management need to understand the kind of companies delivering similar services. The competitiveness of the new re-development must be assessed in relation to competitors to establish the appropriateness of the new concept that is going to be chosen. The wider community is also very important. This is because the building and new concept will run in the geographical area within which it is located. This means that the trends in tourism, residency and hospitality conditions in the area the building is located will affect the type of concept that can be chosen by management. Government and its agencies: Regulations and constraints that are set by the national and local government is very important. This is because it will affect the kind of permission that can be granted for the operation of a given concept. Thus, irrespective of any choice that proves popular with management, it will be dependent on the legal and environmental regulations operational in the wider community.There is the need for the management to undertake a detailed and critical analysis of the existing building. This implies that they will have to access some technical details of the building to determine the possible uses to which the building can be put. This is because it is not every redundant building that can be gentrified for every purpose. There might be some purposes for which the building cannot be put to. If the business fails to do this evaluation, the management risk legal suits for negligence. This is because when the land is put to a use that proves to be dangerous to people who visit it, they will be

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Reference

Barrows Clayton & Powers Tom (2008) Introduction to Management in the Hospitality Industry Hoboken, NJ: John Wiley & Sons

Barth, Stephen & Hayes David (2007) Hospitality Law Hoboken, NJ: John Wiley & Sons

Carr Dennis, Lawson Jeff & Schultz Carl (2003) Mastering Real Estate Appraisal Dearborn Rea Estate Education

Dopson Lea & Hayes David (2008) Managerial Accounting for the Hospitality Industry Hoboken, NJ: John Wiley & Sons

Floyd Charles & Allen Marcus (2002) Real Estate Principles Dearborn Real Estate Education

Friedman Jack, Harris Jack & Diskin Barry (2009) Barrons Real Estate Handbook Barrons Educational Series

Koppelman Lee & De Chiara Joseph (1975) Urban Planning & Design Criteria London: Van Nostrand Reinhold Company.

Leung, Hok Lin (2003) Land Use Planning Made Plain Hoboken, NJ: John Wiley & Sons

Lockyer, Timothy (2007) The International Hotel Industry: Sustainable Management London: Routledge Taylor Francis

Morton, John (2007) Stakeholder Analysis and Strategic Analysis Heinemann Publishing

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preview essay on Managing hospitality resources
  • Pages: 9 (2250 words)
  • Document Type: Essay
  • Subject: Tourism
  • Level: Undergraduate
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