To learn more about the travel and leisure industry, open the Mergent Online database: https://guides.rasmussen.edu/mergent. Click on the Industry Analysis tab near the top of the page. Then select Reports. Next, click on Mergent Reports. Scroll down to the most recent Travel and Leisure report. Download the report. This will open the North American Travel and Leisure Report. Scroll through to read information about travel and leisure in the United States and Canada.
At a high-level, several items from recent operations seem relevant. First, the company’s share of the U.S. hotel market has been stable for several years, but you are aware that the leadership team and board of directors would like to grow the business. The executives have considered both U.S. and international growth opportunities in the past, but they have not yet selected a strategy to pursue.
Next, the executive team is also focused on cost control to maintain the profitability of the current U.S. operations. The expenses that have increased the most in recent years have been food products and employee wages.
Finally, the executive team and board have been concerned about the emergence and growth of new types of competitors like Airbnb. Airbnb’s business model utilizing residential properties for consumer rental purposes has disrupted the industry and raised questions about the value proposition of the traditional hotel chain model.
To learn more about the travel and leisure industry, access the Mergent Online database via Rasmussen’s Library and Learning Services. Click on the Industry Analysis menu option, then select the Hospitality & Tourism and click Search. Multiple industry reports for North America, and other regions will be available. Select/view and read the most recent North America report.
After reading the Mergent industry report for North America, choose one relevant economic factor as the presentation topic. For example, the presentation could examine an economic factor related to the costs of operating a hotel chain such as inflation on food products. Next, research a valid, external source of data on the selected topic and collect several data points to use in a visual such as a chart or graph. An example source for relevant food product data is the U.S. Bureau of Labor Statistics Consumer Price Index (food-related inflation factors available).
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