Title: Describe external events that affect the industry.
Course: Hospitality, Tourism, and Recreation I (16999-I) > Section: Examining the Hospitality Industry

Description should include

- regional events
- economic context
- government and corporate regulations
- international relations and terrorism
- natural disasters and weather.

Process/Skill Questions:

Thinking

- Why is it important to be familiar with regional events that may affect the industry?
- Which national events create local opportunities in the hospitality industry?
- How does the economy affect spending?
- How can a natural disaster affect the industry?
- How can weather affect the industry?

Communication

- Why is it important to communicate understanding of government and corporate regulations?

Leadership

- How can national or state leadership contribute to the local economy?
- What leadership skills are necessary for multinational operations?

Management

- How do managerial decisions affect the bottom line?
- How does management assess economic resources in the region?