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Forecasts and Guidelines in Hospitality Business

Author

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  • Sztruten (Lefter) Gina Gilet

    (Romanian American University of Bucharest)

Abstract

Tourism is a vast field of activity with deep implications both in its diversity and in the collateral economic side of its work. Forecasts for international tourism market as a reference term for development prospects of the hotel industry, under the current crisis and global recession manifested quite profoundly, can influence the decision-making of tourist activities as a whole. Hospitality industry development quidelines that concern the implementation of clean technologies, diversification of services and customer loyalty are influenced by the same global economic condition. Therefore, development and expansion plans of large global hotel groups are taken, mostly on short and medium time horizon.

Suggested Citation

  • Sztruten (Lefter) Gina Gilet, 2011. "Forecasts and Guidelines in Hospitality Business," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1216-1219, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:1216-1219
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    More about this item

    Keywords

    tourism; hotel industry; tourism market forecasts; guidelines.;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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