The Contemporary Hospitality Industry: Types of Business, Contribution to Economies, and Skills in Services

THE CONTEMPORARY
HOSPITALITY INDUSTRY

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Explore a number of different types of business within the hospitality industry and the diverse
products and services that they offer...........................................................................................1
Discuss the contribution of the hospitality industry to local, national and international
economies....................................................................................................................................2
M1...............................................................................................................................................3
Hospitality's departments ...........................................................................................................3
Franchising and licencing...........................................................................................................5
Skills in hospitality services........................................................................................................6
Skill gaps in hospitality industry.................................................................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Hospitality industry is one of the largest networking sector in which the organization
delivers wide range of services to the customers. The hospitality industry serve the services to
the consumer which are related to food and beverages, lodging, recreation, travel and tourism.
The aim of the industry is to delivered exclusive services to the consumers in order to delivered
satisfaction to the buyer and generate profit in exchange. The hospitality sector includes various
hotels, resorts, bars, cafes and many more.
The present report will examine different types of business operated in hospitality industry and
what is the contribution of local, national and international in this particular sector. The study
will highlight the various functions and operation in the context of the organization Premier Inn
which is based in UK. The chosen organization is leading the market since many years after
founded in 1987the hospitality business by Whitbread. Furthermore, review the whole role-
played by hospitality industry
MAIN BODY
Explore a number of different types of business within the hospitality industry and the diverse
products and services that they offer
Hospitality industry is one of the broadest industry of the world it includes all the section
which are related to the food and drink service, lodging, theme park, event planning, travel and
tourism This also consist of tourism agencies, hotels, restaurants and bars. This industry revolves
the providing the best customer service in order to widen the variety of positions. In this sector
most of the people are encaged which are like to attain the customer and enjoy the work with
travel industry (Manoharan, Madera and Singal, 2021). There are most of the people are come at
the restaurant or hotel in order to drink, sleep, enjoy with the family and friends. The services
provided by industry is almost labour-intensive not as the technology based. Also, it has changed
because technology advancement is very important for the modern business there are so much
advancement are changed in order to provide the best service to the customer. There are
different types of services offered by the Premier inn such as follows:
Food and beverages- This is one the largest section of the hospitality industry because it
has the professionalism, there are so many people who are doing job in this sector. The job title
is depended on the class of restaurant included with short-order cook, baker, chef, head chef,
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wine specialist etc. It consists of all the element which are preparing meals, beverages and
snacks (Hossain, 2021). When the organization provides excellent services it attracts the
customer and increases the productivity of the hotel in order tos provide first-class services. It
also enhances the guest experience by providing them extra care.
Travel and tourism- It deals with all the services which are related to the moving the
people from one to another with the help of ships, planer, trains, cabs, buses etc. The quality of
services is depended on the money charges by them. There are different category of services
according to the peoples. Leisure travel services for high-class people who are spent more on the
package and get the best services related to the food, lodging, recreation etc. (Akbari and et.al,
2021).
Lodging- It refers to all the services which is related to the accommodation for specific
period of time such as day or night or hours. There are different types of services which are as
follows youth hotels, fancy hotel, camp ground, elder hotels, motels etc. Re the lodging services.
Recreation- It refers to the services which are included all the activities related to
enjoyment, relaxation and rest, The main goal of these services are related to the enjoyment and
relaxation so that consumer feels refresh (Sanabria-Díaz, Aguiar-Quintana and Araujo-Cabrera,
2021).
Discuss the contribution of the hospitality industry to local, national and international economies
It has been analysed that this sector is currently contributed more than 11% of global
GDP, it helps to increase the economic features related to tourism sector which contribute at the
high-priority goals for developing the country in order to increase the generation of income,
foreign-exchange earning, employment etc.
Contribution to Local economy-
Create employment- This is the biggest contribution that are given by hospitality
industry in order to provides job to local people who are interested ion hotel management. Also,
contribute in the direct job opportunities such as tour guide, operator, tour planner etc. In hotels,
it offers wide range of services such as restaurant, hotels, resort etc. This influence other sector
which are included with airlines, event management, cruise industry etc.
Generate income- It generates the income for local people by influence them selling the
handmade product at the good prices (Canhoto and Wei, 2021). Foreigners are like to purchase
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