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Industry : Hospitality
Functional Area : Global Business
Keywords : statergy question
Activity: Question posted: 02 12 2009 16:32:32 +0000, 3 answers, 288 views, last activity 07 06 2010 20:18:08 +0000
 
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If it is improved on what ration?  need global statergy.

 
 Top Answer :
Rating : +4 

The economic crisis is not confined to the USA and will definitely have an effect on the hospitality market globally in the form of decreased tourist activity from overseas. On the whole, THL companies can expect to be under continued duress well into 2009, but smart hospitality organizations with innovative and cost-effective programs will be able to increase customer loyalty and drive demand.



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  Answered by     Ahmed Sultan, ITC, Airline Consultant  | 02 13 2009 13:41:11 +0000
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Rating : +2 

Generally speaking, discretionary spending would be decreased. However, the current economic situation might invite customers to adopt new downward patterns. They would shift to lower price categories.
In that respect, luxury hospitality establishments would be slightly affected because they are catering for wealthy individuals to whom price is less of a factor.

  Answer modified by     selvamani , general manager, hotel swagath residency  | 02 12 2009 16:36:18 +0000
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as per my view the hospitality market is not down.  we are getting foreigners flow.  But some of categorised hotels not doing good.  Business class hotels and budgetery hotel's business is not come down.

 
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