This report provides a comprehensive analysis of the contemporary hospitality industry, with a specific focus on Premier Inn. It examines various aspects, including different types of businesses within the industry such as accommodation, food and beverage, travel and tourism, and entertainment and recreation. The report delves into the operational and functional departments of Premier Inn, such as housekeeping, front office, food production, food and beverage service, finance, and HR departments. It also explores the interrelationships between these departments and assesses the contribution of the hospitality industry to the economy, including employment, local industry boosts, income generation, foreign exchange earnings, infrastructure development, and the conservation of traditional industries. Furthermore, the report analyzes the impact of franchising and licensing agreements on the global development of the hospitality industry and how these practices contribute to its economic worth. The report concludes with a summary of the key findings and references relevant literature.