Essays on Feasibility Analysis of Tour Business, Accommodation and Restaurant Businesses Assignment

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The paper "Feasibility Analysis of Tour Business, Accommodation, and Restaurant Businesses" is a wonderful example of an assignment on business. There is a great demand for a tour business, accommodation, and restaurant businesses in this area. There is a great business opportunity that can make a difference in organizational performance through the demand contribution in the long term through the demonstration of the highest level of potential. There is systematic attraction, development, engagement, identification, and availability of resources in terms of equipment, cost-wise, and human capital. These will add high potential and particular value to the business as Peeters et al. , (2006) adds.

Another trend in this business that I am very keen on is the pricing of the first-generation products. This will provide the business with opportunities because there is no stiff competition. The current trend is very promising because of unexploited opportunities. There exists a great opportunity for growth and expansion as well. Social structural, demographics and socio-cultural developments will lead to changes in the demand of these services and this will provide the business with a huge opportunity to adjust and define how tourism, restaurant, and accommodation business is provided to the clients (Kwag & Lee, 2009).

They will also intensify the public awareness of these businesses and hence make the industry to boom in the increase of customers and consequently increase in revenues. On the contrary, the existing business in the tourism and hospitality industry has demonstrated latent vulnerability and therefore their survival depends decisively on the luck rather than setting appropriate and relevant business practices. This is a huge opportunity for this business to demonstrate to the other businesses in the hospitality industry how to conduct business on the basis of viable and fruitful business practices as Lellinger (2009) acclaims. This business will provide unique and outstanding services to customers; it will demonstrate consistency in quality and excellence in the provision of services as Rixen et al. , (2011) emphasize.

This will enable the business to report profitability in providing value at different price levels while demonstrating its unique and own points of distinction. In essence, the current trends in this industry are globalization, security and safety, diversity, service, technology, demographic changes, and price value.


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