Economics Trends in Australia Hotel Industry
This group report is an opportunity for learning leadership skills including group decision making, conflict resolution, interpersonal communication, and critical analysis. As a future leader in hospitality and tourism, you will need to be aware of changes in market conditions and their impact on your hospitality business. You will also need to be aware of the impact of economic factors in the market.
The purpose of this assessment is threefold. First, this group report is to be a practicum for learning leadership skills including group decision making, conflict resolution, interpersonal communication, and critical analysis. Second, you have an opportunity to implement financial solutions both independently and as part of a diverse team. Finally, this assessment also provides you with an opportunity to develop effective written communication skills. Instructions:
You must review recent economic trends in the hotel industry in Brisbane, Australia. You will need to show an understanding of the main features of these economic trends and to demonstrate your understanding of the “principles of economic analysis” in addressing the following instructions:
1. Examine the main economic features and trends in the hotel industry in Brisbane, Australia.
a) Discuss occupancy trends between 2015 – 2019 and the occupancy forecast for 2020
b) Discuss ADR trends between 2015 – 2019 and the ADR forecast for 2020
c) Discuss supply trends between 2015 – 2019 and the supply forecast for 2020
2. Choose three different factors that could affect supply and/or demand in this market and use appropriate diagrams to explain their effect on this market.
You should structure this assessment in an academic report format which includes: executive summary, table of content, introduction, body, conclusion, recommendations, references and appendices.
Group allocation and responsibilities
- You are required to work in a group of 5 students for this assessment.
- One student per group is required to submit the report to Turnitin.
- You will be required to complete a Group Contract and create an on-going log (Minutes) of all group meetings: both documents will be submitted with your report as appendices.
- A BMIHMS Peer Evaluation form must be completed and submitted to the lecturer during the Week 9 lecture. This is a formal requirement of this assessment.
Group work guidelinesFor assessments where students are expected to work in groups, workload must be shared equitably among all group members. Please refer to sections 6.1 and 6.2 of the TUA PL_AC_014: Student Conduct Policy on TUA policies and forms web page. In cases of conflict within a group (eg. where a group member has not attended meetings or completed their share of the work on time), and the team deems that an individual or individuals should receive different marks to reflect this, then evidence must be provided to support claims. Evidence may include, but is not limited to, emails, texts, notes on assignment work, copies/drafts of writing/contributions, and minutes from group meetings, and/or meeting with lecturer/tutor regarding group project and dynamics. You are strongly encouraged to speak to your lecturer/tutor as soon as you identify there is a problem (before the assessment due date) you cannot resolve on your own or within a timely manner in order to complete the assignment. Please submit all available evidence to your lecturer/tutor by the due date.