Marketing Management Trends in Tourism and Hospitality Industry: Facing the 21st Century Environment

Abstract

The new dynamics of the twenty-first century led to a new competitive environment in the field of tourism andhospitality business. This scenario is driving the industry companies to adopt new strategic marketing optionsand operational marketing processes.At first, as introduction, the paper identifies and reflects, in general, the new and main principles of the macroenvironment of tourism businesses, taking a STEEP analysis matrix as a reference. After describing the abovescenario, the paper focuses on the major changes on the level of the tourism and hospitality micro environment,outlining the main changes and trends in the demand and supply side. Finally, the paper presents a set ofreflections and trends on the strategic and operational marketing management of tourism and hospitalitybusinesses, expression of the new (macro and micro) environment. In order to support the trends suggested,different case studies based on international hospitality companies are presented and analyzed.