Conception Of Family Owned Hotels And Globalization

There are two key terms of the statement, “Family-owned hotels and globalization”. For my perspective, family-owned hotels are a business that family members establish and operate together and pass on to the next generation so on and so forth. Moreover, bed and breakfast (B&B), service apartment and Airbnb, in my opinion, they are kind of private small family owned that offers an overnight room with limited facilities, service, and breakfast as well. In another key word, from my point of view, globalization is an international trend of markets and products spread globally through technology. It improves the standard of living, increased in economic of nations, and brings people and cultures together. Later in this paper will focus on the definition …show more content…
In the first decade of globalization, it did frighten all companies in undeveloped nations when there is the crisis of economic, politic and financial. It was the first crisis of globalization that effect on the stock market crash, banking trouble, and currency turnovers – it did attack the nations' market that made some businesses needed to down sighting (Prof. Soriaino, 2016). For example, the local groceries in Thailand did not prepare for the big changes and had no information or lack of knowledge of globalization. Also, the hypermarkets like Tesco-Lotus or Carrefour created benefit lower price to consumers; yet, in contrast, some of the local small stores will be terminated from the retailing system or cut back on their expenditures (Tangsupvattana, n.d.). These reveal pros and cons of the globalization have been affected the local community, but it benefits to the foreign or big companies in which indicated on the social classes division between rich and poor and the business in developed and undeveloped nations (Saba, 2018). As far as I am concerned, that was from the first waves of globalization comparing to now in 20-century, technology has been improved and people are more open, educated and become more knowledgeable, globalization should not be much impact in …show more content…
For example, the large chains will provide the job to people internationally as well as the improvement of the local community standard of living because of high salary and company welfares or fringe benefit. To compete that, the family-owned hotels will need a strong market target or using technology from Internet and social network to promote their hotels. In additiona, culture of the regions is a big advantage for the family hotels since the current trend people are interested toward original culture