Hospitality Industry

5984 Words May 9th, 2013 24 Pages
Unit 1: The Contemporary Hospitality Industry

Level 5

Assessor: Pratika Teyssedou

Student name: Anastassia Iljina
Student ID: 20691

Table of contest

Table of contest………………………………..........................................................1
Introduction………………………………...............................................................2
LO1 The current structure of the hospitality industry…………………………..2-6
1.1 The current scale, scope and diversity of the hospitality business…………………2
1.2 The organizational structure of different hospitality organizations………………..3
1.3 The role of hospitality related organizations and professional bodies……………..5
LO2 Staffing in the
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If the brand loses popularity with consumers, the owner’s business suffers as well.
Independently owned
Independent owners have complete control over every aspect of their business - from selecting the brand to how to comply with government regulations. An independent business owner has the opportunity to launch an innovative product, which is protected by copyright or patent or trademark and this can aid the independent business owner to rule the market. Despite their operating freedom and small scale, hey confront more difficult financial challenges than chain hotels. Independently owned hotels can be privately operated, leased or managed. Privately operated ownership gives the owner the most freedom, but also the biggest risk. The owner is free to make all decisions of stuff, operational structure and growth, but does not have the benefit of a brand behind him. Leased hotels are private s well, but building belongs for someone else. Usually, buildings are long-term leased. If the hotel continues to be private, but the partners with recognizable brand name manage it for a fee it is independently owned managed hotel.
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