Objectives: Appraise the relationship of travel in the international hotel and restaurant industry. Reflection: Find a current issue and write a one-page summary with your comments.

Objectives: Appraise the relationship of travel in the international hotel and restaurant industry. Reflection: Find a current issue and write a one-page summary with your comments.

 

answer:

Travelers contribute huge sum of money to international hotel and restaurant industry. They also contribute to creating employment in these sectors. Travelers spent nearly $255 billion on food services and drinking places in 2015, supporting 1.9 million U.S. jobs.

Impact of Rising Energy Costs on Consumer Travel & Hotel Demand

A decline in all types of consumer travel may be possible as higher energy costs take a bigger bite out of personal and corporate budgets, with travel expenditures typically one of the first discretionary items to be reduced or eliminated.

On a positive note, energy’s continuing threat to the industry will undoubtedly force industry execs to be more creative, or at least more conservative, in its use and consumption. Participants at all industry levels will need to be more efficient with limited/dwindling supplies, and/or find alternative ways of delivering similar service to their guests without impacting their quality of stay. “Greening” of hotel operations may actually become the norm as opposed to a discretionary program as both consumers and hotels of necessity become more focused on energy conservation.

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