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I need help creating a thesis and an outline on Sustainable Competitive Advantage in Hospitality Industry. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract
I need help creating a thesis and an outline on Sustainable Competitive Advantage in Hospitality Industry. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Accommodation and food services make up about 8.1 percent of all employment. (U.S. Bureau of Labor Statistics). Employment in the accommodation and food services industries is predicted to grow 18% between 2002 and 2012, adding more than 1.6 million new jobs. (U.S. Bureau of Labor Statistics). Of the 8,740,000 total workers employed in the accommodation and food services industry in 2003, 5,343,000 works full-time (61%), while 3,397,000 work part-time (39%). (Annual average for 2003, according to the Current Population Survey, a joint project of the U.S. Bureau of Labor Statistics and Census Bureau). The Total Industry Investment is $1,765,000 and the total leveraged resources are $5,900,000.
Profit and average room rate at the UK’s chain hotels continued to increase in November, according to the latest HotStats survey from TRI Hospitality Consulting. Across the total UK sample of 462 hotels, income before fixed charges (IBFC) – also known as gross operating profit – rose by 5.6 percent to £52.81 per available room. The average room rate increased by 7.4 percent to £95.03 in November, a similar rate of growth to the 7.2 percent achieved during the year so far. In London, profit grew by 7.9 percent to £82.19 per available room. London’s hoteliers continued to achieve rate growth at near-annual levels with an 8.9 percent increase taking average room rate to a new high of £125.85.
The capital outlay needed for starting up the operation in this industry is huge ($60 – $70 million) since the leasing expenses and the taxes are high. The capital includes land and building, infrastructure, etc.
In this industry, the retention rate is high when compared to the others because of the demand for experienced chefs in the industry. Finding and Retaining skilled labor is a major issue for a new entrant. Hoteliers have to bear huge taxes levied on them by the government for the property, water, electricity, etc. .
