Contemporary Hospitality Industry: Types of Business, Departments, Contribution to Economy, Interrelationships, and Analysis

This presentation provides an overview of the contemporary hospitality industry, including its different types of business, operational and functional departments, contribution to the economy, interrelationships, and analysis of global growth, franchising, and licensing. It also includes references to recent research in the field.

Contemporary Hospitality Industry

Table of contents
 Introduction
 Different types of business within the hospitality industry and the diverse products and services
they offer
 An examination a range of operational and functional departments
 A discussion of the contribution of the hospitality industry towards economies
 A review of the interrelationships of the operational and functional units within a chosen hospitality
business

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 An analysis how global growth, franchising and licensing developments have contributed to the
economic worth of the hospitality industry.
 Conclusion

INTRODUCTION
 Contemporary hospitality sector
refers to the business which provides
the transitional lodging without or
with food.
 Hospitality sector is very broad
which involves the tourism agencies,
hotels, bars and restaurants. This
sector is the major factor which
contributes towards the GDP of the
country.

Different types of business within the hospitality
industry and the diverse products and services
they offer
 Hospitality is the largest industries which immensely contributes towards the economic growth of the
country. This industry involves the participation of different types of business into it. This sector
helps in encouraging the global hospitality sector because digital technologies is used by both
consumers and business in order to fulfil their needs.

An examination a range of operational and
functional departments
 Functional and operational departments are the major elements which
contributes towards the effective working of the organisation. . There
are different types of operational and functional departments of
Marriott International Inc. consist which are described below:
 Operational department- This department responsible for
managing the front office, food and beverages, housekeeping and
food production departments. This leads the organisation to deliver
the best guest experience and achieve the organisational objectives
effectively. In context of Marriott International Inc.

Contribution of the hospitality industry to local,
national and international economies
Hospitality industry is one of the most
important sector which contributes
towards the growth of the economy. It
helps in creating many benefits for the
economy in different ways. There are
following explanation on contribution of
hospitality industry towards the local,
national and international economy.

A review of the interrelationships of the
operational and functional units within a chosen
hospitality business
 The hospitality industry is basically considered
to be one of the rapid growing industries in the
United Kingdom and generates huge amount of
profits and revenue and also offers good quality
services to the consumers. In reference to
Tourism Sector, the sector is developing a lot and
is focusing on offering high quality services to
the consumers as per their budget and locations.

An assessment of how the use of franchising
and licensing agreements has influenced.
 In context to organization and
Tourism sector, it is considered to be
one of the most growing and
developed sectors. In reference to
companies, they basically contributes
a lot in the development of the
economy and also the organizations
have made huge investments.

An analysis how global growth, franchising and
licensing developments have contributed to the
economic worth of the hospitality industry.
 In case of Licensing, it is basically defined as the arrangement of
business operations in which the company offers another
organization the permission to manufacture its services and
products for a particular payment.
 It also comprises of different intangible sections such as
methods, trademark and patents. It is very important for the
strategists to analyse the market in order to determine the various
opportunities for the companies.

Conclusion
 From the above presentation, it has been analysed that hospitality sector plays an
important role in contributing towards the growth of the economy.
 It is the fastest growing sector and involves the participation of various other
business.

References
 Chon, K.K.S. and Zoltan, J., 2019. Role of servant leadership in contemporary
hospitality. International Journal of Contemporary Hospitality Management.
 Dogru, T., McGinley, S., Line, N. and Szende, P., 2019. Employee earnings
growth in the leisure and hospitality industry. Tourism Management, 74, pp.1-11.
 Ann, S. and Blum, S.C., 2019. Motivating senior employees in the hospitality
industry. International Journal of Contemporary Hospitality Management.