Detailed Background of the Hospitality Industry

Detailed background of the
Hospitality Industry

Table of Contents
MAIN BODY...................................................................................................................................3
Presenting hospitality Industry worldwide..................................................................................3
Hospitality sector in UK..............................................................................................................3
Hospitality business in London...................................................................................................4
Size of the small hospitality businesses in London and East London in UK .............................5
REFERENCES................................................................................................................................1

MAIN BODY
Presenting hospitality Industry worldwide
Source: Sota, Chaudhry and Srivastava, 2020
Hospitality industry is one that is specialized in providing variety of services and it consists of
departments that includes the travel and tourism, foods and beverages, leisure activities and
much more. Furthermore, from the above graph it can be said that in context of US dollars the
market of the hospitality sectors had been grown from 3486.77 to 4132.5 that means it is ben
progressing over the years (Portes, 2022). Also, it is expected toe grow at 18.5 percent
compound rate in the coming years. Thus, the hospitality industries are very wide and with
increase in government incentives and other subsides it would be able to globally reach to higher
level soon. Also, hospitality is growing at faster rate and continuous improvement in