MBA 820Hotel Industry AnalysisExecutive SummaryBy Yang Xu05/02/2014Hotel Industry AnalysisExecutive SummaryHotels are certainly necessary, and now you can easily find them everywhere, even in small towns. The hotel industry is a business that offers travelers a place to stay. In this industry, success is based on meeting the needs of targeted customers, creating the desirable atmosphere, and providing a variety of services and conveniences. The hotel industry has grown from modest roots of providing lodging to become a large, diverse and multifaceted industry. The foundation of the hotel industry is the business of providing accommodation. Hotels provide a safe and pleasant place for travelers to temporarily stay. Business guests, vacationing families and travel groups all need a comfortable place, so the hotel is the best place to look. Most hotel rooms are used for a short stay and basically there is a bed, a bathroom and basic amenities such as a television and telephone. Quality is the most important characteristic of the hotel industry. Regular hotels usually charge minimal fees to provide only basic amenities, while luxury hotels that focus more on wealthy travelers can be very expensive. Most basic hotels only offer one-bedroom units and the room is small, but higher-end hotels will have large suites. Both have customers, just different in service, they point out. When customers have the amenities they expect from the room they have filled, no matter if it is small, large, luxurious or affordable, it will be considered a success. Many hotels have restaurants and interiors...... ......62Assumed mean difference 0 df 15 t Stat -0.308600169P(T