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Contemporary Hospitality Industry: Travel-lodge

   

Added on  2021-02-20

3 Pages3205 Words32 Views
amaINTRODUCTIONContemporary Hospitality IndustryInternational economies- Tourism introduce thebroader factor in which different types of servicescontributed efforts to achieve similar factors throughwhich the growth of an organisation as well as countrywill increased. Hospitality industry is benefited bydeveloping and supporting small travel & tourismwhich govern that they both are inter-relate with eachother. For this expansion travel-lodge impact andtouches different industry factors in direct or indirectway. In present scenario hospitality industry contributein global economy through employment generation,foreign exchange, goodwill etc. which gain positiveresults in increasing economic of country.National economy- Economic factors include allpolicy, rules and regulations that directly impact onthe monetary value of country such as fiscal policy,GDP etc. In today era hospitality sector is growingindustry by offering or creating several opportunitiesfor the nation it increases high rate of import andexport, business opportunities etc. Hospitalityindustry developed the brand value of a country byenhancing their business through positivelyimpacting on the image and identity of country.Apart from this, it helps an organisation increasingthe number of travellers to visit their country throughimplementing flexible tourist policy. Travel and tourism are the major aspect that describe ahospitality business or sector. In context these task somepoints are covered that show contribution of hospitalitybusiness in the economy of country.Local economy- The local economy of a country is largelyimpacted by hospitality business as they govern or generatemore employment opportunities for the society. In context ofhospitality industry large number of opportunities aregenerated by them which involve employment generation,collection of tax and by increasing the income of individualsby providing them different opportunities. Along with thesehospitality sector increase the growth for all local region ofthe country. This aspect include benefits for societyindividuals, business or organisation all will get benefited ifnumber of tourist increases to visit their country. Example-management of travel-lodge an hospitality organisation gobeyond the destinations like now they provide luxuriousfood, rides in natural areas through which they contributemore for the economic growth of company (Cooper, 2012).P3. contribution of the hospitalityindustry to local, national andinternational economiesHospitality industry is wide-concept that includes hotels andresorts that provide short term or transitional services to itscustomers, which include stay, food, entertainment and others,factors. It work as mutual understanding between guest andhost. Now a day’s hospitality refers to various services thatare food and beverage, drinks, accommodation etc. thatcontribute for increasing the national income of government.This present assignment is written in context of Travel-lodge,which is operating their business in hospitality industry.Specifically in hotels its headquartered is situated in Thame,UK.

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