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1.0 The impact of globalization on the hotel industry
Globalization has profoundly transformed the international hotel industry, creating a more interconnected and competitive landscape. The effects of globalization can be seen in various dimensions, including market expansion, brand internationalization, technological advancement, and cultural exchange. One of the most significant impacts of globalization is the ability for hotel brands to expand their reach beyond their domestic markets. Major hotel chains, such as Marriott, Hilton, and Accor, have established a presence in countries across the globe, tapping into emerging markets and catering to diverse clientele. This global expansion not only increases their revenue potential but also enhances brand recognition and loyalty among international travelers. Moreover, globalization has facilitated the internationalization of hotel brands. As people travel more frequently for both leisure and business, they seek familiarity and con
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