The Nature and Structure of Hospitality Industry and the Emerging Issues and Trends

The Nature and
Structure of Hospitality
Industry and the
Emerging Issues and
Trends

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
LO1..................................................................................................................................................4
P1 Different types of business within the hospitality industry with diverse products and
services...................................................................................................................................4
P2 Operational and functional departments in hospitality business.......................................5
P3 Contribution of the hospitality industry to local, national and international economies.. 6
M1 Interrelationships of functional and operational units.....................................................7
M2 The use of licensing and franchising which influence the global development..............7
D1 Global growth, licensing and franchising developments which contribute in economic. 7
LO 2.................................................................................................................................................8
P4 Different operational roles within the hospitality industry...............................................8
P5 Skills required for roles within the hospitality industry and current skills shortages.......8
M3 Skills gaps in hospitality industry for different operational roles....................................9
D2 Impact of skills gaps on hospitality businesses with solutions.........................................9
LO 3.................................................................................................................................................9
P6 Assess the political, economic, social, technological, legislative and environmental factors
which affect the development of organisations in hospitality industry..................................9
P7 SWOT analysis of hospitality business and review how this can inform the decision-
making process.....................................................................................................................10
M4 Impacts of external factors on development of organisations.......................................11
LO 4...............................................................................................................................................11
P8 Implications of current and potential trends in hospitality industry with specific examples.
..............................................................................................................................................11
M5 Ability of hospitality business to develop products and services for meeting of current
trends....................................................................................................................................12
D3 Critically evaluation of external factors which gives a impact on potential and current
trends....................................................................................................................................12
CONCLUSION .............................................................................................................................12

REFERNCES:................................................................................................................................13
Books and Journals:..............................................................................................................13