Requirement: A minimum of 3 pages with APA format Direct quotes require page number or paragraph number citations

Requirement: A minimum of 3 pages with APA format

Direct quotes require page number or paragraph number citations. Please review the APA style requirements for citations and the reference list. Please avoid the overuse of quotes or the use of long quotes, preferring instead to paraphrase fully while still using citations. Please avoid the use of first person. Do not allow the writing to be generic; the writing should apply to the hospitality industry

Topic:

A. Opportunities in the industry. Using your analysis of the hospitality industry, prepare a thorough list of opportunities in the hospitality industry. For example, weak competitive rivalry would be an opportunity in the industry. Be sure to explain why each is an opportunity for the industry. Examples may include:

1. Serving additional customer groups/expanding into new markets 

2. Expanding the product line 

3. Integrating forward or backward 

4. Complacency among rival firms 

5. Strong increase in market demand 

6. Favorable demographic, social, cultural, technological trends 

B. Threats in the industry. Prepare a thorough list of threats in the industry. For example, a strong competitive rivalry would be a threat in the industry. Be sure to explain why each is a treat to the industry. May include:

1. Entry of lower-cost foreign competitors 

2. Rising sales of substitute products 

3. Slower market growth 

4. Adverse shifts in foreign exchange rates or trade policies 

5. Adoption of new governmental regulations affecting the industry 

6. Strong bargaining power of customers or suppliers 

7. Changing buyer needs or tastes 

8. Adverse demographic, social, cultural, technological trends 

Review to the attached file for instructions and details of the assignment. Deadline: October 30, 2020