Hospitality Industry Trends Analysis Template

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Keep your dining and hospitality business competitive with our Hospitality Industry Trends Analysis template. This step-by-step guide helps you identify reliable trend sources, subscribe to relevant publications, and set up keyword alerts. It also includes tasks for hiring an industry analyst, creating a trend analysis template, and conducting weekly and monthly trend analyses.

By following this template, you can effectively monitor and implement relevant industry trends, ensuring your business stays ahead of the competition. Regular reviews and updates to the trend analysis process and tracking system are also included to maintain ongoing relevance.

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Hospitality Industry Trends Analysis for Priority Matrix

Hospitality Industry Trends Analysis in Priority Matrix

Stay ahead in the hospitality industry by tracking and prioritizing the latest trends.

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Proposed Tasks

Urgent & Important

  • Identify Reliable Trend Sources due in 1 week
    ☐ Identify online platforms ☐ magazines ☐ blogs where reliable industry trends can be tracked.
  • Subscribe to Relevant Publications due in 2 weeks
    ☐ Subscribe to online platforms ☐ magazines ☐ blogs identified in task 1.
  • Set Google Alerts for Keywords due in 3 weeks
    ☐ Identify relevant keywords ☐ Set up Google alerts for these keywords.

Important, Not Urgent

  • Hire an Industry Analyst due in 4 weeks
    ☐ Post job ad ☐ Screen applications ☐ Interview candidates ☐ Hire analyst.
  • Create a Trend Analysis Template due in 5 weeks
    ☐ Identify information to include ☐ Create template.
  • Weekly Trend Analysis due in 6 weeks
    ☐ Analyze trends from reliable sources ☐ Fill in trend analysis template.
  • Monthly Trend Report due in 7 weeks
    ☐ Compile weekly trend analyses ☐ Create monthly report.

Urgent, Not Important

  • Present Monthly Report to Team due in 8 weeks
    ☐ Prepare presentation ☐ Present report to team.
  • Implement Relevant Trends due in 9 weeks
    ☐ Identify trends to implement ☐ Create implementation plan ☐ Implement trends.
  • Monitor Impact of Implemented Trends due in 10 weeks
    ☐ Identify metrics to measure impact ☐ Monitor these metrics.

Neither Urgent Nor Important

  • Quarterly Trend Review due in 11 weeks
    ☐ Review trend analyses and reports from past quarter ☐ Identify successes and areas for improvement.
  • Update Trend Analysis Template due in 12 weeks
    ☐ Identify any changes needed in the template ☐ Update template.
  • Revise Trend Sources due in 13 weeks
    ☐ Review reliability of current sources ☐ Identify new sources if needed.
  • Train Team on Trend Analysis due in 14 weeks
    ☐ Identify training needs ☐ Develop training program ☐ Hold training session.
  • Create a System for Tracking Trends due in 15 weeks
    ☐ Identify system requirements ☐ Develop or purchase system ☐ Implement system.
  • Annual Trend Review due in 16 weeks
    ☐ Review trend analyses and reports from past year ☐ Identify successes and areas for improvement.
  • Revise Trend Analysis Process due in 17 weeks
    ☐ Identify any changes needed in the process ☐ Implement changes.
  • Update Team on Trend Analysis Process due in 18 weeks
    ☐ Hold meeting to update team on any changes in the process.
  • Revise Trend Implementation Plan due in 19 weeks
    ☐ Review effectiveness of past implementation plans ☐ Revise plan as needed.
  • Update System for Tracking Trends due in 20 weeks
    ☐ Identify any updates needed in the system ☐ Implement updates.