How does globalization affect Hospitality Industry?



How does globalization affect Hospitality Industry?

Introduction

In this paper, we will discuss the effects of training in the new era of globalization in the world's hospitality industry, particularly in the tourism industry. Also, we will see the training opportunities in the hospitality industry in the light of globalization. In recent decades, international tourism has taken a giant leap to become one of the largest and most profitable sectors of the world economy. It accounts for 7 percent of the total investment, 5 percent of all tax revenue and a third of world trade in services. In this paper, we will mainly focus on the training side of the hospitality industry as how it effects on globalization. There will be a number of factors presented in the paper in the light of effects of training on globalization in the hospitality industry.

In the mid 80's, the demand of tourism in Western and European countries revealed new trends. They were caused by a number of factors of economic and social order, as well as changes in the modern man psychology. Decisive influence on the structure of tourism consumption had a worsening effect on the economic conditions. Crisis in the industrialized countries were accompanied by a sharp drop in purchasing power.

Changes in the social sphere, related to the deterioration of economic conditions, in turn, affect the nature of tourism demand. It reduced retirement age, extended vacation period, reduced working week and introduced flexible working hours. These measures are aimed at smoothing the existing imbalances in the labor market at the same time contributed to the increase in the stock of spare time and the expansion of the population of potential consumers of tourism services. Finally, the modern nature of tourism demand develops under the influence of subjective factors. With the emergence of new values ??in human psychology, there are undergoing profound changes.

Discussion

The workplace of the new era of globalization is shaped by four key mega trends that will impact the next 30 years, directly and indirectly, by the professional training:

Economic structural change: we are in the transition phase to a knowledge-based service economy. Due to this, it increases overall skill levels.

Demographic change: the acquisition personnel has stagnated or decreased. This is accompanied by the raising of the retirement age and an increase in labor force participation.

Globalization and internationalization: the economy is increasingly exposed to international competition. Production cycles are getting shorter and the half-life of knowledge is reduced.

New technologies: instead of individual technologies will be cross-thematic composite technologies to the fore. The dissemination and use of information and communication technologies allow for the increased flexibility of working hours and location, as well as value-added and production processes.

These trends are surveyed by experts in terms of their impact on training in the era of globalization. In particular, the integration of young people with a migration background is also in the labor market of the future is an important task. Declining numbers of students take the comprehensive utilization of ...