The percentage of Americans who smoke has dropped by more than half, with a corresponding effect on industry revenues. A related problem for Marriott is the high exchange rate for the U. Political Factors That Could Affect Marriott The major political factors that could affect Marriott are the danger of terrorism, international relations and the political climate in popular tourist destinations.
There is some evidence that terrorists are targeting hotels and other tourist sites; in June39 people, including tourists, were killed at a hotel beach in Tunisia. Such attacks could hurt Marriott by scaring away potential guests and creating the need for costly security measures.
Another danger Marriott faces is that terrorists will attack tourist sites or hotels directly. Financial factors like financial policies, financial position and capital structure also affects a business performance and its strategies.
Company Culture Your internal culture consists of the values, attitudes and priorities that your employees live by. As of September 23,Marriott operates 30 brands internationally. These environmental factors can be categorized into external and internal environment of the businesses.
Those developments could force the closure or relocation of hotels.
The biggest threat here is a terrorist attack or a military conflict that could disrupt international air travel or frighten people away from travelling.
Falling oil prices could lead to reduced travel costs and more demand for hotel rooms. Since the s, cigarette companies have been required to place warning labels on their products, and they lost the right to advertise on television.
External factors such as the economic situation facing the nation or the world are among the factors that those working within the industry can have no control over. That means there are more travelers spending more money.
Internal factors are those factors which exist within the premises of an organization and directly affects the different operations carried out in a business. A potential long-term environmental impact on Marriott could include increased electricity costs created by efforts to curb greenhouse gases by limiting the burning of coal in power plants.
It seems as if more people are willing to travel and pay more for the experience. The political factors are related to the management of public affairsAnd their impact on the business.
Please consider supporting us by disabling your ad blocker. The Economy In a bad economy, even a well-run business may not be able to survive. The Macro environment can be defined as the major external and uncontrollable factors that influence an organizations decision-making.
Economics When someone speaks of the uncontrollable factors in the hospitality industry, they are referring to the macro environment. Anna researched the political factors that affect the Marriott Hotels, using the internet and articles. The biggest effect of this is the tapering off of business travel, which Marriott is heavily dependent upon.Economic Factors That Could Hurt Marriott’s Business The major economic factors that will affect Marriott’s business are the slowing of economic growth in China and the ongoing economic turmoil in.
Oct 14, · PESTLE/EXTERNAL ANALYSIS OF MARRIOTT INTERNATIONAL Political Factors. The major political factors that could affect Marriott are the danger of terrorism, international relations and the political climate in popular tourist destinations.
The major economic factors that will affect Marriott’s business are the slowing of economic. 4 Seven External Factors of Business As within any industry, the hospitality industry has a number of uncontrollable variables that affect those involved in management or ownership of hotels.
Environmental Issues That Affect Business. External Environmental Factors that Affect Staffing Forecasts. The Internal & External Factors Affecting Quick-Service Restaurant Management. The different environmental factors that affect the business can be broadly categorized as internal ands has its own external factors.
INTERNAL FACTORS: Internal factors are those factors which exist within the premises of an organization and directly affects the different operations carried out.
PESTLE Analysis: Environmental Factors Affecting Business. Thomas Bush Jul 7, In business analysis, the word ‘environmental’ can sometimes be used refer to all external factors that affect a business Taken from this PESTLE analysis of Marriott.Download