Preview

Trends in Hospitality

Good Essays
Open Document
Open Document
678 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Trends in Hospitality
There are many different trends that come about every year in the hospitality. There are two sectors in particular that have shown a great deal of trends in the last couple of years. Those to sectors are the gaming industry and in the event and meeting planning industry. Trends are incredibly important as far as how they can impact the different sectors of the hospitality industry as well as how they impact the industry as a whole. They should be adhered to and if they are not there can be real consequences to the business. The gaming industry is a huge part of the hospitality industry. With so many casinos around the world that have hotels and restaurants incorporated into them, it is easy to see why they play such a vital role in the industry as a whole. One trend that has taken place in the last year with the gaming industry, however, is online gaming. With the development of online slot games as well as others, this has become a very popular alternative. This has not been legalized in the United States as of yet, but there have been many who have campaigned for it to be legalized. There are new slot machine games being developed every year and the trend is growing faster by the month. Many of the new games are based on popular forms of entertainment, such as television shows and movies, and draw a great many audiences. This has grown vastly popular in the United Kingdom right now and many hope that it will soon spread to the United States. One of the challenges that could arise with an increase in online gambling is what it will do to brick and mortar casinos. One way to help the business from being hurt is offer new and exciting options at the casinos as well as possibly the casinos being the ones to develop the online gaming options. As long as the industry stays in front of the trend, it could be very beneficial. When it comes to the event planning industry there are a great deal of trends that have been occurring over the last year


Cited: Current trends in the casino gaming industry . (2011, March 12). Retrieved from http://www.onlinecasinoselite.com/blog/current-trends-in-the-casino-gaming-industry/ Hard, R. (2010). Top ten issues for event and meeting planners in 2010 and the new decade. Retrieved from http://eventplanning.about.com/od/eventplanningbasics/a/top-ten-issues-event-meeting-panning-2010-new-decade.htm

You May Also Find These Documents Helpful

  • Powerful Essays

    References: Allen, J. (2009). Event Planning: The Ultimate Guide to Successful Meetings, Corporate Events, Fundraising Galas, Conferences, Conventions, Incentives and Other Special Events, 2nd ed. Ontario: John Wiley & Sons Canada Ltd.…

    • 3020 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Control at Sands

    • 1685 Words
    • 7 Pages

    This report seeks to examine and evaluate the gaming control practices implemented in Sands Hotel and Casino before exploring the possibilities of its application in other gaming casinos and industries.…

    • 1685 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    The first trend I am going to explore is the greater flexibility of booking products. This has become possible due to alterations in the traditional chain of distribution. This relates to the trend of using the internet to book holidays as it is a lot through this in which people can book their products. The reason for this that the services such as the principals have their own websites, this makes it simpler and easier for the customers to reach them directly and book their holidays this way.…

    • 1730 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    The Sherwin-Williams Co.

    • 1172 Words
    • 5 Pages

    Allen, Judy. Marketing Your Event Planning Business: A Creative Approach to Gaining the Competitive Edge. John Wiley and Sons, 2010.…

    • 1172 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Rocky Mountain Event Planning has an enormous strength by offering its planning services worldwide. This enables Rocky Mountain to obtain numerous vendor relationships with organizations across the world and gives their clients a number of options to choose from, especially if those vendors operate nationally or internationally. Another key strength would be the locale of where Rocky Mountain is based out of. Colorado and the scenery it has to offer is an incredible attraction for people looking to have their events there. Accompanying the strengths are weaknesses that Rocky Mountain Event Planning has to tackle. Currently, the market is saturated with event planning businesses. They range from companies that have been around for fifty years to start-up companies working out of a garage. Another weakness would be the recession that has hit millions of American people. These weaknesses threaten the company by ways of limited consumer spending on luxury costs because of the recession to customers having a wide variety of event planning business to choose from. Those threats could be seen as opportunities for Rocky Mountain by making the owner and employees become creative in their ideas on ways to offer their services with limited costs and being imaginative in capturing the customers’ attention to choose Rocky Mountain as their event planner.…

    • 916 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The purpose of this report was to gain a better understanding of the Casino Industry. It identifies the many contextual and diverse factors that influence this particular part of the gambling industry in terms of the type of customers they attract, how it is shaped by government policies, the impact of suppliers and buyers of the market, competitive rivalry, and organisational generic strategies.…

    • 3431 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    HTM 100 assignment 2

    • 1300 Words
    • 4 Pages

    The hospitality and tourism industry has been growing and developing very fast over the years. This assignment will discuss the challenges that are involved in managing restaurant operations that are specific to my state, as well as how the challenges will be addressed. Such challenges the restaurant industry faces are regulatory issues, social concerns, competitive issues and demographic and geographic issues. I am also determine in seeing the impact of setting computerization on the food service and lodging operations within my state, particularly in the areas of reservations, accounting, personnel management, and the recording of sales transactions,. In this we also discuss the factors like the , I’m also going to consider the quality of technology infrastructure in my state and the degree of technology usage by potential customers visiting or using these services within my state. I will be giving my opinion on all of these topics plus I will also analyze the interdependence of food service, lodging, and meeting segments of the hospitality industry and make recommendations for how the synergy between the could be improved, using examples from my state to illustrate my case. I will also explain how I believe these segments can improve their relationships between one another and how they can combine their services in order to be more marketable in my home state, and lastly I will Determine the likely consequences of the introduction of gaming entertainment into my state, or discuss my state already allows gaming, the impact of significant economic expansion of the segment upon other segments of the hospitality industry.…

    • 1300 Words
    • 4 Pages
    Better Essays
  • Best Essays

    In the following paper, I will determine the challenges involved in managing restaurant operations that are specific to my state, as well as how I would address those challenges. Secondly, I will determine the impact of computerization on food service and lodging operations in my state. Next, I will analyze the interdependence of food service, lodging, and meeting segments of the hospitality industry and make two recommendations for how the synergy between the three sub-segments could be improved, using examples from my state to illustrate my case. In addition, I will consider how these segments can improve their relationships between one another and how they can combine their services in order to be more marketable in my home state. Finally, I will determine the likely consequences of the introduction of gaming entertainment into my state and the impact of significant economic expansion of the segment upon other segments of the hospitality industry.…

    • 2338 Words
    • 10 Pages
    Best Essays
  • Good Essays

    A number of megatrends have been identified by Datamonitor, a global market analysis firm. These trends concern behavioral changes and shifting spending patterns in such areas as convenience, health issues, age complexity, gender complexity, life-stage complexity, income complexity, individualism, sensory needs, comfort needs, and connectivity. It is important for restaurant owners to be aware of such trends and to consider their potential impact on operations. Listed below are some current trends, followed by challenges that one may extrapolate from them.…

    • 582 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Industry Trends: Gaming Leaders Sharing Tips & Tidbits Occasionally we feature articles and opinions from gaming insiders, executives and managers who face critical issues every day. We believe this helps balance theory and study with current practices in the casino world. Our special guest for this issue is Andrew M. Klebanow, klebanow@worldnet.att.net. Owner of Klebanow Consulting, he previously held marketing positions at Boyd Gaming, Santa Fe Gaming and Alliance Gaming.…

    • 4776 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    Steve believes the greatest challenges facing event leaders in the next ten years will be the economy and government regulations, the tax on alcohol for example. People will always have a reason to celebrate, whether its someone’s life at a funeral, a baby being born, or a couple joining together in marriage. Carroll believes that it competition will aid with making event management become greater, and as long as our population keeps growing, so will the amount of…

    • 1237 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Cherry Casino Essay

    • 812 Words
    • 4 Pages

    With not less than 4 decades of providing online gaming services, Cherry Casino has panned out to become one of the most successful online casinos worldwide. Now operating from Malta, the casino has its root from Sweden and just as it has always been; it continues to maintain its state of the art games and robust customer service. Leveraging sophisticated software from Microgaming and Net Entertainment, Cherry Casino has endeared itself into the hearts of several online gaming enthusiasts and despite a few downsides here and there, its improvement over the years greatly outweigh the drawbacks.…

    • 812 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The gambling industry has evolved greatly in recent years due to the development of online gambling, this is clearly the reason for the rapid growth in the market. Along with new markets such as the online poker industry, that has taken the world in a massive fad with millions playing poker online.…

    • 4058 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    10bet Casino Case Study

    • 1218 Words
    • 5 Pages

    The casino industry has changed a lot in the last ten years, mostly because of all the many different ways there are to gamble nowadays. Brands constantly switch between being casinos and offering sports betting to try and secure a chunk of the market. Unfortunately the brands that do this don’t focus on either sector enough to really give players what they’re after. If a sports betting service became an online casino then they just end up being unimaginative with half-hearted offerings. One of the few success stories in this realm is 10Bet Casino. This casino online is working hard to prove that providing casino action and sports betting at the same time isn’t a pipe dream.…

    • 1218 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    As technology changes and increases, so is the gaming and entertainment industry. Customers can now play casino games in the comfort of their homes, at an airport or where ever it’s legal by law to take part in online gaming. Harrah’s entertainment now has to keep its brick and mortar business and tap into the online gaming industry. The organization is committed to its customers and thus has already tapped into digitally personalizing the spending habits of its loyal customers and their overall experience as well as launching their new website for customer’s online gaming experience. However, to remain the world largest successful and profitable casino franchise, the organization must ensure policies, procedures,…

    • 1269 Words
    • 4 Pages
    Powerful Essays

Related Topics