The Fristic And Characteristics Of The Hospitality Industry

Hotels- the most important accommodation subsector which provide the greatest total employment within the tourism industry at the global

Globally the tourism and hospitality industry is undergoing and evolving the radical changes. From the past experiences are now advancing at greater pace through faster development of skills and knowledge developed to create and adapt innovation in several ways. Therefore, it is important to have greater understanding of current issues and knowledge in order to cope with future challenges effectively.

The Tourism and Hospitality Industry is one of the largest industries in the country. This industry is one of the key front-line players which contributes greatly to the growth of the economy of a country. They are the vital source of income for both government and private sectors. People often mistaken that the duty of the profession in the tourism and hospitality to be somewhat similar, that is to serve clients but in fact, there is actually a vast difference between the roles of a tour guide, travel tour manager and travel agency manager.

Hospitality assumes an imperative part in the tourism area. The hospitality business is the one, which influences the fulfillment of the clients straightforwardly furthermore influences the nation 's picture. In the administration business lodgings are the most quickly extending field. Here in this economic analysis we have taken one such firm, The Marriott. As indicated by the world travel and tourism chamber (WTTC), the friendliness division has turned into a heading giver to the world 's economy as far as quality included, charge, work, capital speculation and so on., Marriott is the lodging and resorts chain of Marriott International Inc., it is an United States based firm which heads in cordiality area. It is one among

Nowadays, travelling becomes a new trend, especially travel abroad. It can open people’s mind and obtain more experience, so, more and more people spent money on travel (Lee, K., 2002). Besides, the development of family leisure brings a new opportunity for hospitality industry in China, for example, the rising of aging market. In China, young age people spent a lot of time on their work, so they have less time to company with their parents. Thus, they prefer to sign up for a tour for them to travel with other people who are in the same age. As long as many people travel around the world, increase hotel

When financial ratio analysis of an industry, having business in multiple fields is done, the major concern becomes the difference between the overall hospitality industry, as well as single company. As mentioned earlier, hospitality industry involves lodges, hotels, theme parks, cruise lines, event management (Ketz, et al., 1990). The major concern is that hospitality industry classifies in service industry due to which it provide multiple services to diverse client portfolio. Hence, the financial ratio would not provide overall information about the different segments it addresses (Ketz, et al., 1990).

In relation to the current skills gaps, assess the staffing requirements of operational level of the Food and Beverage departments of different hospitality industries (2.1)

For example, exports and FDI have been the two key ingredients in China’s rapid economic growth. Also, country with more foreign exchange reserves is more manageable at a global economic crisis and a sudden foreign exchange rates. It also helps nation to pay foreign debt in short-term, or long-term. Tourism is a principal export for 83% of developing countries, and it is the most significant source of foreign exchange after petroleum. According to UNWTO, the rate of tourism growth(8-9%) in lower-middle income developing countries and in the 50 least developed countries has been approximately double the world average growth rate(4%) between 1990 and 2005. It is almost triple the growth rate for high income countries which is slightly less than 3%.(UNWTO,2002) Tourism comprises a significant part of the world’s growing service sector; in sub-Saharan Africa, tourism accounts for approximately 55% of service sector exports(UNWTO,2004). According to Alam et el, there is the positive relationship between total number of tourist and foreign direct investment. If total number of tourist from Tourism increases, FDI will also increase and if Total Receipt from Tourism decrease FDI will decrease over 16 years research on Malaysian tourism. According to China Daily Newspaper, China’s tourism developed rapidly after the

The Hotels and restaurants sector is a highly labour intensive service sector employing nearly nine million persons across the EU. A large part of the sector is closely linked to the dynamics of the tourism economy; in terms of turnover the Hotels and restaurants sector counts for more than 70% of the EU tourism sector. The Hotels and restaurants sector can be divided into three thematic sub-sectors: •

Overbooking is a familiar practice in the hospitality industry, at times a hotel can be overbooked to balance lost revenue and other times the hotel can be overbooked as a result of a miscommunication. All hotels experience no shows, last minute cancellations, and reservation that need to be changed to a later date. In practice, effective managers know that all the reservations that have been confirmed for a specific date may not be used and in order to make up for the lost revenue one must overbook the hotel.

I have worked for many years in the Hospitality sector with experience demonstrated in many Big name Hotels everything from Cleaning Operative to Reception Team leader & many a Retail environment from Stock replenishment to Store Supervisor.

In particular, the rapid expansion of hotels of an international standard in the region is creating a high level of demand for skilled and experienced staff. The nature of the decisions facing hotel management is continually expanding. For their business to remain competitive, managers must be skilful in many diverse areas. For instance, they must possess a good understanding of how current events and the economy affect the market and develop skill in marketing their products. They must also strive to keep up with the technological innovations in the operational side of the industry. As part of the service industry, tourism is labor intensive and generally requires well developed social and language skills in a cross cultural working environment. These demands have placed considerable strain on small, independent operators, who cannot rely on the broad management expertise available to their multinational hotel chain competitors.

The hospitality industry relies heavily on tourist activities for its existence. However, as the world’s human population grows exponentially, the loss of pristine land is happening at an alarming rate. Consequently, Singita has a profound impact on various parts of Africa. Singita is a hospitality firm orchestrating an interdependent association between wildlife, communities, and tourism, which ensures high sustainability. The corporation is becoming a trendsetter on the continent as far as sustainability is concerned. Singita operates in South Africa, Tanzania, and Zimbabwe. It practices what it terms as “environmentally conscious hospitality”. Besides the above practices, the business pursues sustainable conservation and local communities’ empowerment. The business entity was incorporated in 1993 as a single lodge (Balfour and Balfour 33). The hospitality firm was built on the family-owned land and has grown to operate in three countries. Today, Singita manages at least half a million acres of immaculate land in Africa. The organization engages community development projects. It runs twelve camps and lodges in the subject countries (Fraser et al. 18).

The hotel industry is majorly influenced with tourism which nowadays has a global meaning. The factors that affect a hotel industry can come from many countries because the customers can be from anywhere in the world and not just from the country where the hotel is situated. What is more depending on how popular the tourist

It is an international phenomenon that travelling is more and more popular due to the high speed development of economy and conveniences of transportation. People choose to travel as a way to relax, to improve life quality and to broaden their horizon. The government encourages the development of tourism because it is not only provides employment opportunities but also promote local economy. The global scale of interests in travel leads tourism becomes one of the most prosperous industry in the world. Therefore, this essay will give an introduction to tourism management in hospitality management and will focus on aspects of accommodation and marketing in tourism management.