Critical Analysis Of Human Resource Solutions
Danbury Hotel Partners, LLC is a major player in the high-end boutique hotel market in the United States having grown from a $4 million dollar company to a $68 million dollar company in just under 12 years. On the heels of this kind of success, Danbury Hotel Partners has decided to expand globally into the European hotel market, specifically the United Kingdom. This move will have an immediate impact on the company’s profit margin. In order to be successful with this move, the human resource division will have to implement foreign labor laws, analyze current employees and future staffing needs, manage recruitment and retention and gauge the results of the audit outcomes.
The third largest retail industry in the United States behind the automotive and food industries is tourism. “Travel and tourism is the nations largest services export industry and one of America’s largest employers. In fact it is the first, second or third largest employer in 30 of the 50 states,” (retrieved from hotelsmag.com).
But while domestic tourism is increasingly profitable for the domestic market, international travel has itself made a considerable impact on the hotel industry. “In 2006, 17 million overseas travelers stayed in a hotel or motel,” (retrieved from hotelsmag.com) Figures recorded for what American travelers spent abroad were a record $99.5 billion dollars. And specifically, the face of the European market continues to change. “Continental Europe experienced a surge of investment volume growth in 2000 with the number of hotel deals worth over $8.9 million,” (retrieved from hotelsmag.com).
For Danbury Hotel Partners, LLC, a major player in the high-end boutique properties market of the downtown Chicago hotel and tourism industry, globalizing their hotel chain will significantly impact their future profitability. Danbury is a thriving, young company that has been in existence for just over 12 years. The owners, Will Johnson, CEO...
View Full Essay