Question

how do see the the future of hospitality industry

Answer 1

Answer

I see a huge splurge in the hospitailty industry in the near future. With the amount of disposable income in the hands of the public rising (keeping the current pandemic aside), people demand better services all the time. This industry is one of the most innovative industries and there is no end to imporvement. The customers are lured and treated in innovative styles. There is a great saying: If you want to charge your customer more, make him more lazy. This is what this industry does. It provides more and more services readily.

For example- The 5 star hotels are able to charge a premium not only because they have expensive decors but also because their hospitality services are too good.

Therefore, with rising incomes and more demand for hygienic environment, hospitality industry is bound to rise.