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What Does The Economic Meltdown Mean to Hoteliers and those Around the World?
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Hotel sector, hotel industry, Economic meltdown, crisis, hotel management, Menu, dining, food, beverage, hotel prices, hotel discount, resort hotels, business hotels, restaurants, best restaurants, best hotels, indian restaurants, luxury hotels, hotel deals, Motels, Hotels
Industry :
Hospitality
Functional Area : Productivity & Performance |
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About "What Does The Economic Meltdown Mean to Hoteliers and those Around the World?" topic:
No one could have predicted the economic situation experienced in the last quarter of 2008. Is the worst now behind us? Will hotels/hoteliers come through this relatively unscathed? Provide perspectives of the tourism and hotel sector over the short to medium term & how to overcome the meltdown.......
2 trends
, 3 insight
, 3 debates
, 3 idea contests
, 1 question
on topic: "What Does The Economic Meltdown Mean to Hoteliers and those Around the World?"
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Trim the F&B menu of its flab of expensive (slow moving) dishes to avoid heavy inventory
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Outsourcing Services
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Adesh Dalvi
| Supported idea
"Trim the F&B menu of its flab of expensive (slow moving) dishes to avoid heavy inventory"
| 3 years ago
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I agree to Mr. Rajesh, that during downturn we should concentrate more on cutting down expenses..
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Rajesh Berry
| Added idea
"Trim the F&B menu of its flab of expensive (slow moving) dishes to avoid heavy inventory"
| 3 years ago
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In today's scenerio it is must to save on expenses rather than block money in unnecessary pile up unwanted inventory. Let's be practical.
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Ideate: "Strategies the Hoteliers Should Adopt in the Downturn " deleted from your view.
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If it is improved on what ration? need global statergy.
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Devi Kaladeen
| Answered
| 3 years ago
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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...
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Ahmed Sultan, ITC
| Answered
| 3 years ago
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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...
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Answer: "Global market is down now. In this situation tourism business (hospitality business) is improved or what?" deleted from your view.
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Yes
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9
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VS |
3
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No
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himanshu gadkari
| Argues in support of
"Yes"
| 2 years ago
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yes there will be impact on hotel industry in the current position because due to cost cutting many corporate companies have cut down there expenditure and the hotel industry has lost there corporate clientel due to cost cutting and recession.....
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AKRAM ASLAM
| Argues in support of
"No"
| 3 years ago
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i would say a BIG NO.. the reason for my no is, as it is widely accepted that hotel industry is closely associated with tourism industry.. then let me put into notice that during recession the money value comes down and this is the BEST TIME FOR...
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Krishnamurthy Vaidyanathan
| Argues in support of
"Yes"
| 3 years ago
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Yes, i has a very big impact on the current scenario. Looking at the global crisis, people are more money conscious, companies have come out with various kinds of cost cutting, this has immense effect like the occpancy drops drastically,...
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Debate: "Will there be impact on the Hotel Industry during the current scenario??" deleted from your view.
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A downturn can present businesses with opportunities, as well as challenges, and strong businesses often capitalize on their position to establish an even greater advantage during these conditions. Businesses that are in good shape to ride the downturn, have greater flexibility to invest, strengthening their position while competitors are hamstrung. Hotel companies should not automatically halt all investment programmes, sacrificing future growth because of current difficulties. Businesses need to have a clear idea of investment opportunities, best rates of return and risk levels. Generally investment levels are likely to be lower in a downturn due to reduced asset prices and competition fo...
Insight: "Hoteliers should take advantage of the downturn (opportunity)" deleted from your view.
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The state of turmoil in global financial markets has generated new concerns for the hospitality industry. This article attempts to 'gaze the crystal ball' and see what lies ahead for the industry in emerging markets like India. The state of turmoil in global financial markets has generated new concerns for India: in what ways, and to what extent, will our economy be impacted? Will India continue to be perceived as investment-worthy? And will developments - internal and external - allow different sectors of the economy a good chance for growth? Where real estate and the hotel industry in India are concerned, the going seems to be good. Within the same week that a Wall Street Giant sold for U...
Trends: "The Liquidity Crisis and the Indian Hotel Industry: a Hurdle or a Silver Lining?" deleted from your view.
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(rate this)
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1
Always be the first to tap the googlers..
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improve hotel business
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Ashish Gandhi
| Supported idea
"improve hotel business"
| 3 years ago
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i think you are rude and may be it will be a good idea to check on your websites. its not working properly. and when you put up a topic, you can not expect a business plan from people to be posted here. people are just throwing ideas, its your...
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Gargi Sinha
| Supported idea
"Always be the first to tap the googlers.."
| 3 years ago
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I agree with Sivaranjini ji and adding to it i woud say try to build a personal relationship with the customers so that they would come back again again and they also spread word of mouth to bring you more customers.
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Ideate: "improve business in this situation " deleted from your view.
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India may not be an economy like Mauritius or Maldives that is heavily dependent on tourism for its growth. However, tourism and hospitality in the country do have a strong potential to contribute to future growth. The scope of better infrastructure, well maintained historical and cultural heritage and hosting international games like the Commonwealth further aided the prospective of growth of Indian hospitality sector. A demand supply mismatch and strong tourist inflows had also lent pricing power to the players until mid-2008. However, what followed was reminiscent of cautionary times ahead. Slowdown effects to continue India is expected to see Asia's biggest drop in corporate travel spen...
Trends: "Hospitality Industry in Dark Shadow" deleted from your view.
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Yes, Now is the time to travel
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7
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No, Bad idea, don't travel
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Adesh Dalvi
| Argues in support of
"Yes, Now is the time to travel"
| 3 years ago
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Lower room rates : Hoteliers will try to attract guests by lowering their room rates, providing discounts etc.. Better service: During recession we could see many people going out of job, so there will be competition between the employee which...
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Rajat Mittal
| Argues in support of
"No, Bad idea, don't travel"
| 3 years ago
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NO, ITs a bad idea to think about travelling during recession because everyone wants to earn and save money not to spend money. So don't ever think about travelling during recession....
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Sushil Soren
| Argues in support of
"Yes, Now is the time to travel"
| 3 years ago
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What a tourist wants?? Better service at lower price, lower room rates, more attention.This is what a hotel will give to attract visitors/guests to their hotel..
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Debate: "Is Traveling a Good idea During Economic Downturn ?" deleted from your view.
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Different cultures
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Young Population
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Anurag Dave
| Added idea
"Different cultures "
| 3 years ago
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I think this will be a major factor for the Hotel industry and the tourism, becuase India is so vast and a tourist if he wants to go some place else he just can sit in train and the next morning he will feel like he has come to another country in...
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James Masih
| Added idea
"Young Population "
| 3 years ago
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I think Indian population is right now very young, according to a survey done during the elections it is said that more than 50% of Indian population is less than 30, so this should give a great oppurtunity every industry to set up its base here..
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AKRAM ASLAM
| Supported idea
"Young Population "
| 3 years ago
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YES .. this is right that majority of Indian Population is YOUNG and in future only the young generations are expected to/will innovate the newer means of lifestyles and experiences.. this is a very good oppurtunity for India as its populations...
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Ideate: "What will be the factors that will lead to the growth of Hotel Industry in the coming days?? " deleted from your view.
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Recession-hit restaurants in Britain have started offering free food and major discounts to entice customers, many of whom have stopped eating out frequently following job losses and salary cuts. Offering free food was one of the ways of beating recession in the 1980s, and restaurant owners hope it will again do the trick now. The innovative offers come amidst reports that hundreds of Indian and other restaurants have closed shop in recent months. The offer of free food is premised on the belief that customers would be too embarrassed not to leave behind money after dinner. Restaurants owners believe that except students, most customers would not leave without leaving money behind. The menu...
Insight: "UK hotels offer 'free' food to beat recession" deleted from your view.
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