The Contemporary Hospitality Industry

The contemporary
hospitality industry

Table of Contents
The contemporary hospitality industry............................................................................................1
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Different types of business within hospitality industry...............................................................3
Range of operation and functional department............................................................................5
Contribution towards local, national and international economies.............................................6
Interrelationship among operational and functional units...........................................................7
Use of franchising and licensing agreement affect global development of industry...................7
Examine global growth, licensing and franchising contributed economic worth.......................7
Range of different operational roles............................................................................................8
Skill essential for roles along with current skill shortages..........................................................9
Skill gaps with relation to various operational roles...................................................................9
Examine skill gap in hospitality business with valid solutions.................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
The industry of hospitality is most best options of revenue creation in order to develop more
options of economises within industry. Industry of travel and tourism is independent segment. In
UK, this industry contributes more towards economy as most of people gets employment
opportunity (Arbelo, 2018). This is reason of increasing high competitive and changing
environment. The services in which it deal with restaurant, food, pubs etc. The chosen
organisation is this report is Fairmount hotel. It is one of the leading 5 star hotel that delivers its
services in parts of UK. The report highlights Different types of business within hospitality
industry, Range of operation and functional department, Contribution towards local, national and
international economies, Interrelationship among operational and functional units, Use of
franchising and licensing agreement affect global development of industry, Examine global
growth, licensing and franchising contributed economic worth, Range of different operational
roles, Skill essential for roles along with current skill shortages, Skill gaps with relation to
various operational roles, Examine skill gap in hospitality business with valid solutions.
MAIN BODY
Different types of business within hospitality industry
The industry of hospitality is moving growing towards continuous changes, as most the
jobs has been created (Casado-Díaz, 2020). The Fairmount hotel has deal in variety of global
services in hotel along with entrainment activities in order to enlarge its activities into
entertainment segment so that it can easily established economic brackets. The ultimate elements
of hospitality industry combines of travel lodging along with managing restaurant services.
Tourism hospitality facilitates in minds of consumer to travel people. Most of the people spend
in segment of food shelter etc. The ultimate reason of travelling is observing more pleasure. The
aspect of pleasure and leisure in Fairmount hotel , delivers spending money, vacation, relaxing as
well as recreational activities lacking of business intentions. The issue related with hospitality
industry, can be rectify with 4 segment. These can be combined well to accomplish aim along
with consumer satisfaction through superb services.