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Hospitality industry is one of the most prominent industry which has gained a significant attention in the present business world. People are becoming travellers who wants to explore different places for different purposes. The company which will taken under this fact sheet is Hilton hotel which has started its business from 1919 and provides the customerswithdifferentservicesofhospitality industry.Thisfactsheetwillexplainthe contribution of hospitality industry to the local, national and international economies. It will also concentrate on exploring current and anticipated skillswhicharerequiredunderthehospitality industry. P3. Contribution of the hospitality industry to the local, national and international economies. The hospitality industry is one of most important and revenue generated industry in the market of UK which has a stronger contribution in the economy of country. Hospitality in UK includes different types of business like lodging, food and beverages, travel andtourism,entertainment,etc.Therefore,the following are the contribution to the hospitality industry for the local, national and international economies: Also, in 2017 the total investment in businesses by hospitality industry was estimated at 10 billion pound which is 5% of total business investment of UK. Export:The hospitality industry of UK accounts for the major portion of the overseas visitors spend in UK. It has been identified that the hospitality business has contributed 18 billion pound from its exports of goods and services to the foreign travellers and tourists. The amount which is spent by the total global customers or travellers is estimated at 24.3 billion pound out of which 73% was spent on hospitality sector. In relation to the creation of jobs, the hospitality industry has various segments like hotels, restaurant, catering,entertainment,eventsmanagement,etc. which has been increasing at a tremendous rate since past 10 years. Gross value added:Due to labour intensive nature of the hospitality industry, the contribution of GVA islessascomparedtotheemploymentbutthe hospitality sector of the UK comes at thirteenth position out of twenty industries where it accounts between 3.5% to 5.1%. The hospitality sector has increased the GVA of the UK at a very rapid rate compared to other industries. Tax and investment:With large number of tourist who are visiting the country, the hospitality industry has estimated at 39 billion pound in gross receipts of the UK as per year 2017. And majority of this amount has been came from VAT on sales. Contemporary Hospitality Industry