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The Hospitality Provision in Travel & Tourism Sector

   

Added on  2020-07-22

11 Pages3219 Words39 Views
Hospitality provision in travel and tourismsector1

Table of ContentsHospitality provision in travel and tourism sector...........................................................................1INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Discussion about the interrelationship between hospitality and travel and tourismbusinesses...............................................................................................................................3TASK 2............................................................................................................................................42.1Explaination about the impact of integration on the hospitality industry.........................42.2.Discussion of how integration affects hospitality business..............................................5TASK 3............................................................................................................................................63.1 Rational for project...........................................................................................................63.2 Plan for operational and human resource allocation........................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................102

INTRODUCTIONIn the present time, travel and tourism sector is continuously enhancing and growing due toits high demand in the market. Every one connects with this industry so it can be said that it isvery necessary sector for every one life. With assistance of this sector, national income is alsocontinuously increasing. The major objective of this assignment is to analyse the relationshipbetween the hospitality and travel and tourism sector. These both sector are directly andindirectly connected with each other. This report explains the impact of the horizontal andvertical integration with the industries of the hospitality and its effects of these implications.TASK 11.1 Discussion about the interrelationship between hospitality and travel and tourism businessesHospitality and travel tourism sector have direct and indirect relationship with each other.Both sector is largely depends upon each other because in the absence of travel and tourismsector, it is impossible to growth the hospitality sector. While any of them changes in theservices prices, features, distribution, policies and practices then it can largely upon other sector.Hospitality industry provides the facilities of accommodation, entertainment, food and beverage,restaurant, bar etc to their traveller who came from the other places (Vorhies and Morgan 2005).Thus, it can be said that hospitality and travel and tourism sector are interconnect with eachother. In this present time, there are may organisation which offers travel and tourism as well ashospitality services to its customers. In this manner, PKF hotel experts is focusing on the hotel,travel and tourism consulting. Cited venture have great beneficial by delivering both hospitalityas well as travel and tourism services to its customer. There are huge role and significance ofhospitality industry within the travel and tourism sector-In the hospitality sector includes various kinds of services such as accommodation,entertainment, food, restaurant, cafe, catering etc. While any traveller reach to itsdestination then they search the best and suitable accommodation where they canstay. It is great responsibility of hotel staff to understand there requirement oftourism and deliver services of accommodation, food, catering and entertainmentaccording to their requirement (Vargo and Lusch, 2004).While people search the best destination of tourism for spending their holiday thenthey also search the best and suitable accommodation and restaurant services. Thus,3

it can be said that travel and tourism cannot complete without hospitality sector.These both have huge inter connection and dependability (Tapper and Font, 2004).TASK 22.1Explaination about the impact of integration on the hospitality industryIntegration is one of the most significant aspect in the hospitality industry under whichvarious companies can earn more efficiency and effectiveness in its business. It is a kind ofprocess under which different parts are joined in order to make a different thing. While variousparts are joined together then they can become more efficient and excellent (Tsiotsou and Ratten,2010). With assistance of the integration, two of more than tow companies can develop the hugeand more strong firm and gain more profitability and market share in the competitive businessenvironment. In the context of hospitality industry, integration helps to the company inenhancing their operation and profitability. In this manner, major two kind of integration such ashorizontal and vertical integration. These integration in the hospitality industry are as follows-Horizontal integration-In this kind of integration, two completely different entities cometogether under the same management in order to serve customer and gain effective profitabilityand growth. Hospitality sector has earned huge profitability and growth in the present time and ithave various business which included in the travel and tourism industry. It is very important forboth hospitality and travel and tourism to maintain the good mix of horizontal integration. Asper the given case scenario, takeover of Starwood Hotels & Resorts by Marriot International,valued at 12,2 billion US$, is the largest transaction of its kind in the hotel industry since 2007when private equity firm Blackstone acquired Hilton for 26 Billion US$ is the best example ofthe horizontal integration under which Marriott hotel integrate Starwood hotel and resort.Vertical integration- In this kind of integration, two or more phases of the production arecombined together (Theobald, 2005). With assistance of this vertical integration, production costof both organisation can decrease and also assist in enhancing profitability and market share. Asper the given case scenario, Greene King £773.6m takeover of Spirit, Heineken £403 milliontake over Punch Tavernscleared by Competition and Market Authority (CMA) is the bestexample of the vertical integration under which both Green King and Punch Tavernscleared canable to overcome their production and operation cost by this vertical integration.4

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