The Contemporary Hospitality Industry

The contemporary hospitality
industry
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Different type of business within the hospitality industry and diverse product served by them
................................................................................................................................................3
Range of functional and operational department within the chosen business........................4
Contribution of hospitality industry in international, local and national economies.............4
Enter relationship between operational and functional units.................................................5
Use of licencing and franchising agreements has an influence the global development.......5
Analysation of licencing, global growth and franchising contribution to the economy........6
Range of operational roles......................................................................................................6
Skills that are required to particular role within the hospitality industry and current skill
shortage...................................................................................................................................7
Review of skill gaps within hospitality industry and strategies to addressing these gaps.....8
Impact of skill gaps and solution to addressing......................................................................8
CONCLUSION................................................................................................................................8
REFERENCE...................................................................................................................................9
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INTRODUCTION
The hospitality industry is one of the biggest industry do too their classification and grading
system, and also, innovation ownership , level of services and also the future trends. There are
different type of hotels and restaurants which provides standard services to their customers. most
of the hotels also contain restaurant in their own organization.
This report will cover the study of Made international which is American multinational company
operating logging in financing the hotel, timeshare properties and residential properties. this
company has 30 brands and 7642 properties containing around 1423044 In the 131 countries and
territories.
this company is currently looking to expand their business more in Asian countries like India,
Indonesia China etc.
MAIN BODY
Different type of business within the hospitality industry and diverse product served by them
There are various types of businesses within the hospitality industry and these are bored into the
different different categories like food and beverage, accommodation, travel and tourism and
also entertainment. (Jiang, and Alexakis., 2017)
Accommodation in hospitality industry
Accommodation is one of the nargis sector in austerity industry comprising different type of
hotel and facilities that have to provisions off over the night accommodation for the travellers
who are looking to stay for night. there are various spa hotel, luxury hotels and resort and also in
good breakfast are some of the most important player in the industry.
Travel and tourism
Travel and tourism can include the tour operators, companies, transportation is like airline, train,
shapes etc. This sector has huge contribution in the growth of prosperity industry and helping
this industry to grow. they offer a wide range of travelling packages and their tools can also
include accommodation and other restaurant services.
Entertainment
Entertainment is also the part of hospitality industry, no wonder why many top tourism
destination like museum, theatres and many more other captivate and entertain the tourist.
Food and beverage
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