Having an overview of your business before you create a business plan is essential. These four headings provide a framework for analysing a company, business proposition or any other idea. Strengths and Opportunities are positive factors, while Weaknesses and Threats are negative factors. A SWOT analysis will not necessarily cover the entire business, just the factors that might influence its ability to introduce a new product or strategy.
The Government Hotels form one of the most important support service that affect the arrival of tourist to a country.
There are around classified hotels and the total room availability is pegged at 97, rooms. Hotels are classified into six categories according to the star rating assigned by the Department of Tourism. These range from one star to Five star deluxe depending upon size and amenities.
To find out the present status of this industry a strength, weakness opportunity and threat SWOT analysis is mental. This will help us in understanding this industry and also identify the weak spots S. Thus, the needs of the international tourists travellers are met while they are on a visit to India.
Manpower costs in the Indian hotel industry is one of the lowest in the world. This provides better margins for Indian hotel industry. India offers a readymade tourist destination with the resources it has. Thus the magnet to pull customers already exists and has potential grow. This acts as a major deterrent to the Indian hotel industry.
The hotel industry in India is heavily staffed. This can be gauged from the facts that while Indian hotel companies have a staff to room ratio of 3: High tax structure in the industry makes the industry worse off than its international equivalent. Only 97, hotel rooms are available in India today, which is less than the Bangkok hotel capacity.
The services currently offered by the hotels in India are only limited value added services. It is not comparable to the existing world standards.
Opportunities Demand between the national and the inbound tourists can be easily managed due to difference in the period of holidays. For international tourists the peak season for arrival is between September to March when the climatic conditions are suitable where as the national tourist waits for school holidays, generally the summer months.
In the long-term the hotel industry in India has latent potential for growth. This is because India is an ideal destination for tourists as it is the only country with the most diverse topography. For India, the inbound tourists are a mere 0.
This number is expected to increase at a phenomenal rate thus pushing up the demand for the hotel industry. Unique experience in heritage hotels. Threats Guest houses replace the hotels. This is a growing trend in the west and is now catching up in India also, thus diverting the hotel traffic.
Political turbulence in the area reduces tourist traffic and thus the business of the hotels. Changing trends in the west demand similar changes in India, which here are difficult to implement due to high project costs.
The economic conditions of a country have a direct impact on the earnings in hotel industry. Lack of training man power in the hotel industry.
Transport Facilities A well knit and coordinated system of transport plays an important role in the sustained economic growth of the country.SWOT Analysis SWOT provides a general summary of the Strengths and Weaknesses explored in an analysis of strategic capabilities, and the Opportunities and Threats explored in an analysis .
Nov 29, · SWOT ANALYSIS ON Boyd Gaming Corporation - November 29th, Boyd Gaming Corporation is a Paradise, Nevada based business engaged in the development, ownership and operation of hotels and casinos throughout the United States.
Since the business environment changes frequently, revisiting SWOT analysis for business opportunities can be quite useful. Therefore, in this article, we will take a closer look at some of the major SWOT opportunities your business can leverage.
Moving on to the analysis of the global online gambling industry, the industry is analyzed through an industry overview, industry growth analysis through value, industry revenue growth, industry segmentation, an analysis of the major products and services of the industry and an analysis of the major online gambling markets.
SWOT Analysis The SWOT analysis is very important especially in the hotel industry.
When it comes to tourism, the hotel industry is very important. In fact, it is a supporting service that affects the presence of tourists in a certain place. Swot Analysis Of Gambling Industry.
The Gambling Industry Javier Seda Companies in the gambling industry include those that offer gambling or gaming activities.
These may be casinos, casino resorts and hotels, betting and lottery companies.