Hospitality Industry: Contribution to Economy - UK Scenario Analysis

This report analyzes the contribution of the hospitality industry to local, national, and global economies. It highlights the industry's significant role in job creation, with millions employed worldwide and a substantial percentage in the UK. The report details the industry's contribution to the UK's GDP and employment figures, emphasizing its impact on local economies through consumer spending. It also explores the roles of key personnel within the hospitality sector, including hotel operations managers, human resource managers, and accounting managers, and their respective functions. The report provides a comprehensive overview of the hospitality industry's economic significance and operational dynamics. This analysis is a part of a larger project that includes posters and a PowerPoint presentation.

Contribution of hospitality industry to national, local and international economies
Hospitality industry is known as the key caters of jobs around the world, they provide 235 million jobs to people at international
scale and also employed 8% people in UK. In UK hospitality industry represent more than 700 organization in their sector that
employs 2.9 million applicants, it shows 10% of employment in UK, 6 percent of business and 5 percent of Gross domestic
product (GDP).
Hospitality industry generate revenue for local economy in UK directly when visitors spend money in restaurants, hotels and
entertainment venues. It also contributes to local economies indirectly because traveller buy retail products, locally made crafts and
purchase pharmacy items. This industry also contributes to national economies, generate £106 billion GDP and help to provide
2.6 million jobs.
Operational roles within hospitality industry
Hotel operations manager-
Hotel operation manager within this industry play vital role, they operate
each and every function related to business. They are responsible to deal
with consumer, staff and high authority while keep business running
smoothly.
Human resource manager-
HR manager help hospitality industry and businesses associated with it, by
managing and developing positive culture. They hire new applicants,
engage people in training and development session in order to improve
their performances.
Accounting manager-
They overseeing and managing everyday operations of accounts
department and responsible for monitoring accounting data within
hospitality industry.
Food production manager-