Discuss the impact of globalisation on the international hotel Essay

Discuss the impact of globalisation on the international hotel industry - Essay Example Everyone related with business tries to make an effort at gaining possible new markets internationally but at a risk worth taking. No company would like to grow beyond means and afford losses be it for a single month, no matter. Trying to go global and market at the international level is one risk which has to be taken with the bosses and shareholders being very calculated as there is a potential chance of falling back to the old ways the business carried out before it went global. There are certain risks and issues when an organization tries to go the international way as it has to take a global stance by becoming worldwide. The goal of international business is basically to create important value by taking care of its products and services or other items in a hard line approach whereby the business attached with it continuously prospers and grows beyond means for the better. No company can afford a business doing the opposite of it, extracting losses for all and sundry and thus pushing the business to the wall. The international business of a particular company will then remain only a dream and the shareholde rs will hardly hope for a miracle to change their business. Domestic businesses are so much easier to understand and thus run. (Rusher, 1996) International businesses change the course of working methodologies in an instant fashion. The hotel industry is no such exception to this dictum. Without a doubt, the hotel industry of the world is a booming market. Such is the related state of affairs that it is taught as a separate discipline in different curriculums of the world. The future growth is predicted by the industry gurus and they know it best when it comes to gain an understanding of the hotel industry and more than that providing luxurious service to the guests globally. The future of the hotel industry or we might want to rephrase it as the hotel development