Identify global and local economic issues and trends that affect the hospitality, tourism, and recreation industries.

Identification could include

• inflation outcomes
• unemployment
• recession
• population migration and change
• global unrest and terrorism
• natural disaster/extreme weather events
• global health issues.

Process/Skill Questions:

Thinking

• Why is the success of the hospitality industry linked to economic issues in a community?
• What global concerns can affect the hospitality industry?

Communication

• How can global and local matters be communicated to staff?
• Where can reliable information on global or economic issues be found?

Leadership

• How can leaders manage a culturally diverse employee population?
• What leadership qualities are required to arbitrate economic matters such as unemployment, recession, or inflation?

Management

• What managerial adjustments can be made to facilitate advertising during an economic recession?
• What can management do to ensure guests’ safety during times of global unrest?