Hi,\nKindly Lo1 and 2 need to be A3 size poster and fact sheet A4 (times 3 ) please see assessment brief\nFor Lo3 and 4 power point presentation around 27 slides please add notes too\nThank you\n
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Contemporary Hospitality Industry Contribution of Local Economy Hospitality industry is widely diverse industry as it not only provide accommodations and food services but alsoofferattractivefacilitieslikenightclubs, gymnasium, pool, internet shops, laundry, conference and meeting rooms and more. Food service is one of the prominent features that is provided by hotels. In modern world, hospitality industry is currently one of the highest profitable sector and booming with fast rate as the number of travellers from all over the world are increasing. This directly help hospitality industry to strengthenitsworldwidepositionbymaking prominentcontributioninlocal,Nationaland international economy. As per the statistical data, this industry remarkably contributes in a country's GDP andincreasepercapitaincomebyprovidingjob opportunities. Further, it has been seen that hospitality industry nearly contributes 2.4 million jobs by the year 2017, which lead towards increasing a country internal work force segment. In addition with this, estimated amount of one 170,000 commercial setups contributed byhospitalitysectorintheprovincesofUnited Kingdom. National Economy Revenue that has been generated by this industry is up to 90 billion Euros that effectively contributes in country's domestic production. In order to strengthen hospitality industry government of UK is required to offer more attractive leverages to the sector as UK have prominent tourist places within them. Thus, with thehelpofhospitalitysector,countrycangain attractive place in global market. International Economy Ithasbeenanalysedthatinternational touristarealsooneofthestrongest elements that lead towards contributing in UK economy through the mode of amount spent by them on shopping, Railways and Airwaysexpenses.Thisdirectlyleads countrytowardsgainingmore developmental growth. As in this, foreign currency holding of a country increased thatstrengthenstheirpositioninglobal market. While, on the other hand licensing and franchising is also strong factor that contributesinUKdevelopmentby increasing their International image within global market. Thus, further look towards attainment of more positive and profitable outcome.