Significance of Hospitality Industry in Travel Industry : Report

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Added on 2020-01-15

Significance of Hospitality Industry in Travel Industry : Report

Added on 2020-01-15

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HOSPITALITYPROVISIONS IN TRAVELAND TOURISM SECTOR

Significance of Hospitality Industry in Travel Industry : Report_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 The interrelationships between hospitality and wider travel and tourism businesses...........1TASK 2............................................................................................................................................32.1 Implication of integration to the hospitality industry............................................................32.2 Impact of integration business on hospitality services..........................................................5TASK 3............................................................................................................................................83.1 Developing rationale for selected project clearly justifying decisions linked to targetmarketplace.................................................................................................................................83.2 A plan for new hospitality business....................................................................................10CONCLUSION..............................................................................................................................11

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INTRODUCTIONTourism and hospitality sector is one of the fastest growing industry in modern days'economy. They provide wide range of services such as accommodation, food, beverages, leisureactivities and recreational facilities to travellers and tourists. Hospitality companies play crucialrole in smooth functioning of travel companies by availing effective accommodation facilities.The term hospitality provisions refers to set of protocols, procedures and activities undertaken inorder to satisfy demands of travellers. The present report highlights significance of hospitalityindustry in travel and tourism sector (Barros, Butler and Correia, 2010). It also explains scopeand scale of concerned industry along with impact of horizontal vertical integration in theindustry. In order to understand importance of hospitality provisions in travel and tour sectorbusiness operations of Thomas Cook Group will be examined closely. It is a renowned andleading leisure group in world providing its services in 17 countries. The company focuses onavailing trusted and quality personalised holiday experience that helps it to attain global rankingin market. Thomas Cook provides variety of options for different preferences of featuredholidays like Kids clubs, Disney holiday, Villas with pools, wedding and honeymoons, holidaysat water-parks and exclusively adults. It makes the holidays real comfort by easing the customerswith facilities like tickets booking, arranging airport hotels, travel insurance, seasonal andoccasional deals and trip information.TASK 11.1 The interrelationships between hospitality and wider travel and tourism businessesThere is great development in hospitality industry in last few decades. With the increasein income level people are interested in expending money for leisure and entertainment activities.Travellers and tourists are highly dependant on hospitality sector as it avails accommodation andcatering facilities to them (Springer and Hauge, 2011). As an individual travels to a newdestination for certain reason they require certain basic amenities that are fulfilled by hotels andrestaurants. Due to increasing demand of hospitality services, the business firms are interested informulating strategies and plans that will attract good number of customers. The hospitalitysector have framed several policies, standards and regulations in this respect to gain higherprofitability. 1

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Significance of Hospitality Industry in Travel Industry : Report