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Mega-trends shape industry future

Bad Credit Credit Creditres The hospitality industry will need to address five major issues over the next three to five years, including brand, emerging markets, human capital, technology and operating models.

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Bad Consolidation Credit Debt These factors will be key drivers in determining winners and losers through 2010 and beyond, and will heavily impact shareholder value, according to a new report by Deloitte and the Preston Robert Tisch Centre for Hospitality, Tourism and Sports Management at New York University.

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Bad Company Credit Repair The Baby Boomers in the United States and Europe are a huge demographic with enormous amounts of disposable income. Alex Kyriakidis, Global Head of Tourism, Hospitality and Leisure at Deloitte says: The percentage of the population aged 65 and over in Europe will increase from 15 percent in 2000 to nearly 25 percent by 2015 and increased travel by the silver segment will maintain Europes position as the number one tourism exporting region, delivering some 730 million travellers by 2020. This will provide an enormous opportunity for the hotel sector, which should be developing strategies to market products to generational segments now.

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Bad Card Credit Credit In addition to addressing the needs of aging consumers, the hospitality industry will need to address talent management issues, as aging populations hamper the ability to find sufficient staff in some regions.

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Bad Car Credit Loan In China, India and the Gulf States, both domestic and international travel is booming, due to lower airfares and emerging middle classes keen to travel for the first time. Between India and China, the report predicts that a total of 35,000 additional hotel rooms will be required to reach the same penetration as in more developed countries, and the majority of these will be positioned in the economy and mid-market segments. These new markets pose unique challenges in politics and ownership, as well as in recruiting, training and retention of local staff.

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Bad Credit Loan Mortgage Alex Kyriakidis says: While these emerging markets offer exceptional growth opportunities, the worlds largest tourism market the United States still has a way to go. Total travel and tourism spend in the US, both domestic and outbound, is predicted to double from $830 billion to a staggering $1.6 trillion by 2015, leaving room for growth, particularly at the luxury end of the market.

Auto Bad Credit Loan The industry is historically in the lowest quartile of technology spending; however, all the executives interviewed expected to increase IT investments, particularly in reservations, distribution, loyalty programs, and customer management. In the US and Western Europe more demanding customers have come to expected more personalised service, and in the future hospitality suppliers will need to consider online room selection and check-in, personalised bed (variable firmness), and personalised in-room food and beverage offering.

Bad Credit Mortgage Refinance Alex Kyriakidis says: Historically, the airline industry has led the way, with travellers showing greater preference for airline miles than hotel points, willing to fly the same carrier despite inconvenient schedules. All CEOs interviewed plan to spend more on IT, appreciating the opportunity to interact directly with the guest maximises revenue, and avoids the potential merchant intermediary costs which can be as high as 25% of room revenue.

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