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Contemporary Hospitality Industry - Travelodge

   

Added on  2021-02-19

6 Pages1131 Words35 Views
CONTEMPORARYHOSPITALITYINDUSTRY

Table of ContentsINTRODUCTION................................................................................................................................2P1 and P2 is covered in Poster....................................................................................................3P3 Covered in Factsheet..............................................................................................................3M1 Interrelationships of functional and operational units within Travelodge............................3M2 Licensing and franchising agreements ................................................................................3D1 Franchising, licensing and global growth developments contribution.................................3LO 2......................................................................................................................................................4P4 Covered in Factsheet..............................................................................................................4P5 Skills needed for roles in hospitality industry.......................................................................4M3 Skills gaps within hospitality industry in relation to various roles.....................................4D2 Sills gaps impact on hospitality businesses ..........................................................................4LO 3 and LO 4......................................................................................................................................5CONCLUSION ...................................................................................................................................5REFERENCES ....................................................................................................................................5

INTRODUCTIONCovered in posterP1 and P2 is covered in PosterP3 Covered in FactsheetM1 Interrelationships of functional and operational units within TravelodgeHuman resource department recruit skilled and knowledgable candidates for securitydepartment, food production department, accounting, housekeeping and also for communicationdepartment. Account and finance department allocate funds to all the departments in Travelodgewhich help to run each and every activity related to business efficiently and effectively. Foodproduction department as well as others get funds from finance section and need to work underfixed budget. M2 Licensing and franchising agreements Franchising agreements is the legal as well as binding contract between franchisee andfranchiser, it influence international devolution of hospitality industry. Through this agreementhospitality industry develop their business at global level and generate revenue. It is one of the bestway to obtain expansion globally. According to this agreement franchisee business is associatedwith franchisor brand, franchisor and all of their franchisee is sharing common brand. As like franchising agreement, licensing is also beneficial and influence internationaldevelopment of same industry. It define as formal agreement give companies or businessespermission to do business in another nation. It is the legal agreement between two businesses,known as licensee and licensor. It influence hospitality industry and help to develop their businessacross the world. With the help of licensing agreement, industry can expand business in newcountry and provide their services to people. D1 Franchising, licensing and global growth developments contributionFranchising contribute to economic worth of hospitality industry, through this processindustry do their business in different nation in return for monetary consideration. Hospitalityindustry permit organization to use their name in exchange for the money according to franchisingagreement that help to increased profitability and increase brand awareness among new market. Licensing development also support hospitality industry to grow and contribute to economicworth of industry. They enjoyed the steady growth after licensing which allow, sector to established

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