What are external factors in hospitality?
What are external factors in hospitality? External factors can refer to the productivity level of hotel and restaurant branches in the region, location of businesses, competitors' price, tourist demand, etc.
What is the biggest challenge that the hospitality industry face today?
Labor Costs: Labor costs can be a significant challenge for the hospitality sector, as these types of properties heavily rely on employees to provide guest services. High labor costs can impact the profitability of a business and make it difficult for hotels to remain competitive.