Overloading of information may efficiently help in decision-making. Hence it is completely reliable..

SWOT analysis is a tool used to identify the external influences that may impact on an organisation as part of a strategic .

•       Change is the only constant thing in this world.

Refers to possession and utilization of information about occasions, patterns, trends, and relationships within an organization’s internal and external environment.

  It is a major part of the strategic planning process the is used to help a firm identify external threats and opportunities

Analyzing the external and internal environment can help a firm formulate its strategy to gain a competitive advantage

Provincial Disaster Risk Reduction Management(PDRRMO) reported around PHP20.2 million in damage to different tourism facilities in the Surigao Del Norte left by Typhoon Odette.

Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), a law lowering corporate income tax from 30% to 25% effective July 1, 2020.

Considered a more macro review, as it can give a sense of whether an objective is attainable. Users often go through this exercise simply to identify their own competitive advantages and disadvantages.

The greater the number of competing hotels in the area along with near-identical products and services being offered, the weaker the competitive power the company may possess.

  Wellness tourism is a growing new trend. This is hardly surprising considering the WHO's strong promotion of a unified concept of wellness.

Refers to the overall, broader economy and the forces affecting it versus a microenvironment, which focuses on a specific sector or region’s economy.

The world's largest industry, hospitality and tourism is also one of the most volatile. The discretionary nature of hospitality and tourism expenditure magnifies this sensitivity, making hotel profitability very susceptible to exchange rate changes.

Tax policy; environmental regulations; trade restrictions and reform; tariffs; political stability

A strategic framework is used to evaluate the external environment of a business by breaking down the opportunities and risks into Political, Economic, Social, Technological, Environmental, and Legal factors.

The COVID 19 pandemic has given rise to an even newer substitute product: Video Conferencing. In lieu of face-to-face conferences and gatherings, people and many businesses have shifted to meeting at a virtual space, eliminating the need for travel and booking rooms, which put a huge strain on many hotels all across the world.

   The lower the supplier power, the more attractive the industry and thus an increase in profit potential.

This is a  thorough examination of a company's internal components, both tangible and intangible, such as resources, assets and processes.

1.     The __________ an entity has are the favorable factors, which give it an edge over its competition within the industry.

A tool used to identify the macro (external) influences that may impact on an organisation as part of a strategic .

A tool used to examine different micro-environmental groups in order to understand the impact each group has on a firm in an industry.

Service automation can include everything from automatic check-in via apps and using facial recognition to unlock guest room doors to automatically providing guests with amenities and services based on their preferences, such as extra towels or booking spa appointments, upon check-in.

  Environmental scanning and analysis make an organization thoughtless towards the changing needs and expectations of the customer.

PESTEL analysis is the study of the micro and the macro environment surrounding your company to determine their Strengths, Weaknesses, Opportunities and Threats.