Foreign Hospitality Industry in Switzerland Research Paper

Foreign Hospitality Industry in Switzerland - Research Paper ExampleIt is strategically dictated in the center of Europe, which ensures easy accessibility of all European markets. It is referred to as the center of competitiveness in Europe, as it plays an important function in financial markets outside(a)ly. It is also the center for many international organizations ilk World Trade Organization, WHO, and UN, among some others. Therefore, the hotel industry can do well here as there ar many potential customers who have to eat and spend in hotels.Presence of international trading companies, justice firms, and insurance companies, freight forwarding companies, security firms and surveillance firms certify Switzerland as a truly international business center. Switzerland has greatly improved over the past years as an investing center. It continually enhances distant and domestic investments through improvement of circumstances and conditions. The improvement over the past years as an investment center is rated as followsExpansion of Mirvac group of hotels to Switzerland will improve the companys reputation and image. Switzerland is an international country and presence of these hotels will ensure its loyal customers get their services, away from home. It will also let it be recognized internationally, as many foreigners come here. Therefore, it will market it internationally, and hence, investing in other countries will also be easy. Investing in Switzerland is, therefore, an important strategy for the companys forthcoming prospects.Globalization has had various effects on the industry of hospitality. The positive impacts are exposure to diverse cultures, giving market, economic development, technology advancement, promotion of creativity, increased job opportunities, development of travel industry, and availability of international services. characterization to different cultures will help managers in the hospitality industry to learn different cultu res as they interact with people from different walks of life.