Defining Aspects Of The Hospitality Industry

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Introduction Defining aspects of the hospitality industry The hospitality industry is very large and diversified and includes businesses that focuses on customer satisfaction while meeting leisure needs. Important components of the industry are all providers of food, beverages and accommodation with a focus on customer services and leisure facilities. Majority of these businesses have also a fancy theme to attract the customers. Other niches in the hospitality industry include cruise ships, airlines, event planning, pubs, bars, clubs, and casinos (, 2015) The hospitality industry in one of the fastest growing parts of the global economy. A large part of the hospitality industry is represented by the hotel and restaurant subsector. There are companies that have portfolio over 6.000 hotels and more than 150,000 employees. Most jobs are in accommodations, food services and restaurants. Top ten largest hotels in 2014, according to HOTEL NAME Number of properties Number of rooms 1.IHG- Intercontinental Hotels Group 4697 686873 2.Hilton worldwide 4115 678630 3. Marriot International 3783 653719 4.Wyndham Hotel Group 7485 645423 5.Choice Hotels International 6303 602663 6.Accor 3576 461719 7.Starwood Hotels and Resorts 1161 339243 8. Best Western 4046 314318 9. Home Inns 2180 256555 10. Carlson Rezidor Hotel Group 1079 168927 Ownership Not all hotels run by large
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