Showing posts with the label hotel

Open Innovation as a Growing Trend in the Hotel and Tourism Industry

Town and Country Resort-San Diego Innovation is increasingly seen as one method of improving upon the economic fundamentals within industries. As businesses develop new products and services they become more competitive and able to succeed in a highly competitive global environment. Research by Artic (2013) helps shed light on the potential for open innovation and economic improvement of the hard hit hotel industry in Slovenia. Their findings highlight potential uses of open innovation in meeting customer needs and expectations. The author separates innovative societies from non-innovative societies. Innovative societies are those that seek to enhance their markets by developing new products and services that in turn can influence jobs and economics. Routine societies try and maintain existing systems without creative destruction whereby economic growth become stagnant. Stagnation means eventual decline as other countries zoom to fill market gaps. Open innovation is def

NLRB and Arbitration Analysis in the Hospitality Industry

The hospitality industry has drawn new interest due to the economies dynamic shift into a service society. Such industries employee a large percentage of employees and have become ripe for unionization. With attempts to unionize hospitality workers employers are seeking methods of avoiding such practices. Once unionization has occurred both the employer and the employees, become bound to the collective bargaining agreements (CBA). Research by LaVan and & Katz helps to understand some of the strategic considerations employers may ponder when involved in contract interpretation disputes. The hospitality industry is growing at a rapid rate and has drawn additional interest from research. Since 2002, the hospitality industry has been expanding at appropriately 12% a year while other sectors of the economy were on the decline (Bureau of Labor Statistics, 2012). The food and beverage industry is also expected to grow at this same rate until at least 2020.  With such growth,