Contribution of Hospitality Industry in UK Economy Report

This report examines the significant contributions of the hospitality industry to local, national, and international economies, with a particular focus on the UK. It highlights the industry's role in generating employment, contributing to GDP, and fostering economic growth through tourism and international expansion. The report emphasizes the impact of the hospitality sector on employment figures, with specific statistics on the number of direct and indirect jobs created. It also explores the industry's contribution to the GDP and the development of local markets. The report mentions the importance of international tourism and the expansion of hospitality services at various levels. The report uses Hotel Hilton as a case study to highlight the various services offered by the hospitality industry including lodging, transportation, and food services. This study also discusses the roles and skills required for employees in the hotel industry. The report underscores the industry's overall positive impact on the economy and the opportunities it offers to the local people.

Hospitality industry deals with the service that
includes lodging, transportation, travelling, food
services and many more. In this context, Hotel
Hilton is taken. The following study will cover the
contribution of hospitality industry in local, national
and international economy.
Moreover, this study will discuss about different
roles and skills which required for the employees of
hotel industry.
Moreover, they are making use of licensing agreement
for expanding the operations internationally. Thus
hospitality sector contributes a lot in improving the
overall economy of the nation.\
The hospitality sector can have created lot many
employment opportunities for the local people. It has
been seen that on the overall basis hospitality sector
provides 10% employment in the UK. Britain stands at
fourth position which is providing direct job to 3.2
million people and indirect jobs to 2.8 million people.
Due to expansion, the local market of areas is
developed to high extent which results in increased
GDP of the nation. The employment also contributes in
the per capita income of the country as also helps
people in improving the living standard. The small
outlet got benefit as because of the increased visitors
they contribute to development of a nation. Hospitality
industry is offering several type of opportunities to the
nation as it provides more business opportunities to the
people. According to British Hospitality Association, it
has been seen that more than 500000 employees are
currently working in the hospitality sector.
P3 Contribution of hospitality industry in local,
national and international economy
The increasing number of travel and tourism help in
overall development of economy at the fast rate. The
hospitality industry contributes about 10% to the
world's GDP. Due to expansion, hospitality industry
has got much importance which led to expand
globally and also promoting the growth in changing
culture too. Thus hospitality service start expanding
their services at international, national and regional
levels.
International tourist contributes a lot in the economy
of UK as they are using the mode of airlines which
increase the revenue for travel and tourism industry.
Contemporary Hospitality Industry
INTRODUCTION