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Importance of Globalization in Hospitality

In: Business and Management

Submitted By apoorvnagpaul
Words 1346
Pages 6
Question- Critically analyse the relevance and utility of globalization for the international hospitality industry.

In the recent years hospitality industry over the years has expanded their business all around the world. Big hotel chains such as Marriott’s and Accor group are opening their hotels in developing countries such as India, Singapore etc. The process of globalization has played a major role in expanding their profits and laying their business across their own boundaries. Majority countries, around the world have been trying to promote globalization through eliminating barriers and reducing taxes. However, there are various methods through which companies are trying to expand such as licensing, Exporting, joint venture and etc. Globalization has both the positive and negative effects, but over here we will be focusing more on the utility and positive side of the globalization.

Globalization in hotel industry helps in giving exposure to various cultures. In the 21st century, with the increase in level of incomes for people in the developing countries, it has been seen that people are visiting the developed countries and they are trying to adopt western culture. The level of tourism has increased and people especially from the Asian counties are visiting developed countries such as US and Australia. They are now becoming more familiar with their culture and their food and are also adapting the same thing in their own country (Lee 2009). People from countries such as China and India are now adapting to western culture in their own countries. The major reason for this drastic change has been the increase in tourism in the developed countries and this has also affected the hospitality industry in a positive manner since all these travellers gets a chance to enjoy the luxury of the country. The biggest example can be brands such as Pepsi which is US based…...

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