The Interrelationships Between Hospitality And Wider Travel And Tourism Businesses

The hospitality industry or the lodging industry is one of the most major service oriented industries in the world, inhabiting a noteworthy stand in the global economy. This self-sustaining industry has been successful in creating more than 258 million jobs across the world and contributing to around 9.1% of the world GDP. The figure would touch 296 million in 2019 according to the expectations of UNWTO. Presently, the industry has gained a worldwide economic segment having a direct and indirect impacts on the world economy. The rapid growth of this industry is being experienced by various countries including India. The hospitality sector of India is growing at a fast rate and referred as one of the most beneficial enterprise in terms of profit and contribution to the economy through foreign exchange. Hotels are a critical part of the industry and play their part in providing services and

The scope of the hospitality industry refers to the range of businesses that provide services and facilities. The hospitality economy is one of the country’s key industries with huge growth prospects in jobs. In employment terms, restaurant are easily the largest sector, closely followed by a pubs, bars and club with the hotel sector growing more slowly, and the contract food service sector holding steady .

The accommodation industry is one of the most vital components of UK travel and tourism. People who use accommodation use it for a various reasons such as: Business tourism, leisure and visiting relatives and friends. Within the travel and tourism sector, there are a range of accommodation existing including hotels, youth hostels, B&B’s, camping and self-catering. However, accommodation can either be serviced or non-serviced.

Hospitality is the relationship between the guest and the host, or the act or practice of being hospitable. Specifically, this includes the reception and entertainment of guests, visitors, or strangers. Hospitality industry includes hotels, travel & tourism, health clinic, spa, amusement parks and many more.

A brief introduction to hospitality industry can be given as, A service industry which includes many other industries in it like hotels, restaurants, lodges, resorts, tourism, etc. It also includes services like medical services and advisory service. This is a broadly profitable industry, spread all around the world and the profit in this industry is not steady at all, in compression to manufacturing industries. The hospitality industries

At the same time career opportunities are offered to people interested in the industry (Chon and Yu, 2012; Tesone, 2009; Clarke and Chen, 2007). Hotels are considered a basic element of the industry and thought to be a physical need for a guest to feel safe and comfortable when sleeping away from their home environment (Littlejohn, 2003). An interesting fact that Taylor and Bush (1974) stated in their book, was the origin of the term hotel. It originated from France and was often used back in the 18th century to refer to businesses in the hospitality industry that made a profit from their guests. The term was passed on from the country to London with the opening of the Nero’s Hotel (Bush and Taylor,

Accommodation services in the hospitality industry are more likely to be hotels for tourists, but there are a lot of other different types of accommodation such as:

Hospitality industry is a huge industry and is very popular now days. Hospitality industry includes food and beverages, food service management and tourism etc. The hospitality industry focuses largely on the customer satisfaction. Every business organization needs good staff team who really understand the main goals, missions and visions of the organization to run it smoothly.

Although the cost of entertainment is a significant expense for hotels, "the cost of providing entertainment is justified by its effectiveness in attracting people to the gaming tables and machines" (McDonald, 1998, p. 4). The market is also demonstrating a trend of hotels becoming a one-stop-shop. For example, hotels are not only including room stay but also gaming, entertainment, shopping, comedy clubs, lounges, nail and hair salons and other activities and amenities desired by consumers. This trend is demonstrating the evolution of hotels into destination resorts.

Hospitality industries grow larger to the sector that has 89% of workforce. There’s 43 % of self-catering accommodation, holiday parks and hotels. Restaurant has increased by 29%.

...Contents 1 2 3 4 Preface to the third edition Revisiting hospitality and tourism operations: fresh insights Understand your business and you understand... Finance, Hospitality industry

In the specialty literature doubts persist in using this terminology, especially in relation to the scope of the hospitality industry. Thus, a series of authors consider as part of this field only food and accommodation services, perhaps because those benefits are offered under the same premises works like industrial units, other authors, however, consider it appropriate a broader approach, including leisure services and even the marketing of products.

Hospitality industry includes a range of businesses that relates to provision of products and services. It is a multi-billion dollar industry that depends on leisure and disposable income. There are several sectors under the term hospitality industry which are as the following:

Whenever you are planning to take a vacation, need to take a pit stop on the way to your next destination, or attending a special event because your boss required you to, you will be sure to encounter those of us who have chosen the hospitality field as a career. Within this industry, there are so many options to choose from including the culinary arts, hotel management and housekeeping, event planning, and travel agent and the main goal of those who work within these fields is to ensure you feel comfortable while you are traveling or staying close to home.

The hotel industry included a vast array of lodging options including from luxury resorts, casinos, hotels, motel, bed and breakfasts and campgrounds. Business in the hotel industry focus on providing consumers comfort, efficiency and customer services for those seeking accommodations while traveling or for other purposes. The hotel industry is one of 25 subsectors of the travel industry sector of the hospitality industry. 1) Food and Cuisine, 2) Accommodations and 3) Travel and Tourism account for of 50% of the output of the Hospitality Industry. Hotels and lodging falls within the Accommodation Subsector and contributes to 17% of the output of the travel industry sector alone. (United States Department of Commerce, 2014)