Assessment 1 hospitality spaces
Assessment 1 – Individual Report
There is a common belief that commercial spaces are the engine of job creation. They role and significance to the economy of the city of Sydney is more often than not, underestimated. The main reason for this is because each business individually, has very little impact on the overall economy of a metropolitan city like Sydney. However when all small and big commercial spaces are treated as a collective group, the importance that they hold to the economy is momentous.
According to the ASIC (Australian Securities & Investments Commission) 2014 Company Registration Statistics, NSW has 667,586 companies registered at the time of March 2014. Australia’s total number of companies registered is 2,080,028. This means that NSW contributes to about one-third of Australia’s total businesses and economy. According to , out of these 667,586 commercial spaces in NSW, about 400,000 are situated inside of the Northern, Southern and Western areas of Sydney, . Thus all the commercial spaces in Sydney contribute to more than one-fifth of Australia’s total number of companies and commercial spaces.
It is important to understand how much these commercial hospitality spaces can impact the economy. With smaller commercial spaces, it is difficult to grasp the true significance, however through statistics; the significance can be more easily understood.
According to the ABS (Australia Bureau of Statistics, it is obvious that the smaller commercial hospitality spaces (with 1-19 employees) and non-employing commercial spaces take up the majority of the employment and jobs. 58.4% of businesses in NSW are non-employing and 37.6% are consist 1-19 employees, . Therefore only 4% of the total number of businesses consists of more than 20 employees. The ABS has also recently studied that the amount of patents of the total number small commercial spaces, is more than 15 times the number of commercial spaces.
When reviewing and analysing theoretical debates and discussions regarding the “commercial hospitality spaces”, these perspectives and perceptions of the importance are inconsistent. Commercial hospitality has however, become a more significant factor towards the cultural and economic growth of an area or city. David Bell accentuates the connection between commercial hospitality spaces such as bars, restaurants, cafes and the representation and impression of the apparent “hospitable city”. David Bell also portrays the idea of the apparent “hospitable city” in contrast to the more theoretical interpretations of the hospitable city, in relation to the idea of urban regeneration.
The debate by Dr. David Bell also emphasises on the hospitality in the commercial area of the economy and discusses his views and insight to the reasons why commercial hospitality should not be perceived as a simple calculative exchange of money, goods and services, but more as a flourishing economy of networks which keep the economy and area continually developing and growing, .......
The hospitality industry of Sydney has recently become an incredible significance for the city’s economy and growth. Whether in the hospitality industry, formal or commercial, this text explains how they impact on the urban setting. David depicts the role of the commercial hospitality spaces such as bars, cafes, hotels, restaurants and how these businesses can play such an important role in the adapting culture of Cities. Not only does Dr. David Bell talk about the commercial infrastructure and physical surroundings that these hospitality spaces impact, he also states how some of the more cultural and social implications can be impacted by the hospitality spaces. His argument that hospitality promotes and imposes more “social regeneration” and productive community development.
Dr. David Bell , also describes his view on the more informal and subjective interactions that hospitality spaces cause, and how these “moments” can bear similar significance to the “hospitable city”. Therefore, Dr. David Bell’s view and debate on the “Hospitable City” and the social relations in commercial spaces, contrasts with the conventional theory that the city is becoming more alienated, rushed, poorly manner and inhospitable, due to the inherent and hectic nature of commercial hospitality spaces.
The Australian market is considered to be such a young and developing market. The Sydney economy is still developing as a rapid rate and according to , an average of about 1,000 new commercial spaces are opened each month, which just shows how fast the market is developing, . Other foreign investors are interested in the Australia market as it was recently ranked 20th best economy to invest in, . The commercial hospitality spaces however have been one of the most significant factors. This is because of the initial experience that they feel with the country and the level of quality that the hospitality provides. The association of one’s viewpoint of a hospitable city will be his or her experience with the commercial hospitality spaces, and the quality of service that was received.
As everyone has different perspectives and interests, the perception of one’s “hospitable city” could contrast and differ from another one’s perception of the “hospitable city”. Therefore, it is up to one’s values and believes to describe the characteristics of what they presume to be the “hospitable city”. The commercial hospitality spaces, will inevitably, find it difficult to attract and satisfy all types of customers, and therefore, must target the customers that would characteristically, be satisfied. This idea that there are no specific criteria for the “hospitable city” will then cause problems.
According to , a great example of how significant the commercial hospitality spaces can be to an economy of any area is the operational hours of an area. Hospitality will usually adjust the operational hours on the market such as when the market is most actively going to use the commercial space and when the commercial hospitality space is worth operating. If the commercial hospitality spaces such as restaurant, bars, and clubs all closed early like 10pm, the economy would fall as there would be less people. The lifestyles…...
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