Tourism and Hospitality Industry Resources Quiz

Resources in Tourism and Hospitality Industry

In the tourism and hospitality industry, resources refer to the tools, information, and data that are essential to understand market trends, develop strategies, and make informed decisions. These resources come from various sources, including trade events, market research, industry associations, news sources, and online databases. Here's a brief overview of some of the key resources available for the tourism and hospitality industry:

Trade Events

Trade events are an excellent source of industry information and networking opportunities. They can help you stay updated on the latest trends, connect with potential partners, and learn from industry experts. Some popular trade events include:

• Airport Technology: Offers information on past, present, and future industry projects with access to each project’s suppliers, news, press releases, white papers, event information, and a company directory.
• Business Traveller: Focuses on the travel industry, providing compact guides for visiting major cities worldwide, news updates, and a plan-and-book section for travelers.
• Export.gov: Offers current industry information and trade leads for exporters of U.S. goods and services, with resources including trade events, market research, statistics, data, and webinars.
• Global Business Travel Association (GBTA): Connects the business travel world and promotes the value of business travel management, providing a resource library, a magazine, news highlights, and a listing of upcoming events.

Market Research

Market research is crucial for understanding consumer behavior, market trends, and competition in the tourism and hospitality industry. Some resources for market research include:

• Hospitality Net: Provides market reports, industry links, and industry events, along with products beneficial to the hospitality business.
• Hotel News Resource: Offers links to news articles on various hospitality topics, including development, financial, technological, environmental, and marketing components of running a hospitality company.
• PricewaterhouseCoopers: Offers background information on the hospitality, gaming, and leisure industry, including industry challenges and potential solutions, free downloadable publications, and events.

Industry Associations

Industry associations are essential for staying informed about industry news, trends, and regulations. Some well-known associations include:

• Center for Hospitality Research: Offers a series of reports, news, and events pertaining to the hospitality industry, with free registration for access to complete reports and events.
• Cornell Peter and Stephanie Nolan School of Hotel Administration: Provides a collection of resources, including webinars, peer-reviewed research articles, faculty-authored opinion pieces, and industry advisory board members.

Online Databases

Online databases are a rich source of market and industry reports, providing overviews of the industry and the intended market or end consumer. Some popular databases include:

• IBISWorld: Offers U.S., global, and China industry reports that cover industry performance drivers.
• RKMA Market Research Handbook Series: Provides quick facts and analysis for various industries, including restaurants, healthcare, sports, and travel.
• BCC Research: Offers global market reports for many industries, including materials, pharma, medical devices, engineering, and IT.
• Mintel: Provides market research data and reports for consumer products and services, with many reports including consumer survey data.

These resources are not exhaustive, and there may be other resources available depending on your specific needs and interests within the tourism and hospitality industry.