Globalization of the hospitality industry

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Globalization of the hospitality industry

Globalization of the hospitality industry

Your small business may focus on one or all facets of hospitality. How accomplished you and your staff are at serving others will determine your business' level of success. You may find it easier to excel in just one category of the hospitality industry.

However, though costs and challenges will increase, owning or managing several facets of hospitality can provide you with many more opportunities to generate success.

Food and Beverage In hospitality, food and beverage reigns supreme. It is the largest element of the hospitality industry and can take the form of high-end restaurants, fast-food eateries, catering establishments and many other manifestations.

The food and beverage trade can symbiotically function as part of other businesses, such as in bowling alleys or movie theaters.

GLOBALIZATION IN THE HOSPITALITY INDUSTRY

When your restaurant is part of a hotel, food and beverage can dramatically enhance the overall guest experience by offering excellent food and first-class customer service. Accommodations Hotels, bed and breakfast enterprises and other places offering lodging represent a broad segment of the hospitality industry.

Globalization of the hospitality industry

Types of businesses run the gamut from extravagant resorts to hostels and campgrounds. Your business' focus on providing lodging should integrate comfort, efficiency and attentive customer service as its foundation.

Globalization and Localization

Travelers value thoughtful treatment and simple amenities. When they feel appreciated and catered to, your guests will tell others about their experience and may become repeat customers.

Travel and Tourism Another chief segment of the hospitality business encompasses transportation. This includes airlines, trains, cruise ships and the staff for each.

Flight attendants and cruise staff function as food servers and hoteliers in their efforts to provide food or drink and a comfortable experience. Business travelers and vacationers alike form the basis for this area of hospitality. Travel and tourism requires knowledgeable employees in information technology, and they are also considered a part of hospitality.

Destinations such as amusement parks draw thousands of people, all of whom want to benefit from great customer service while enjoying a memorable adventure. Economics The three foremost categories of the hospitality industry are driven by, and dependent on, a strong economy.

Hotel industry

Your small hospitality business will thrive when people are able to go out to eat or enjoy traveling. Conversely, when economic times are challenging, you may decide to bolster the basics of your business. For example, food and beverage businesses might offer special activities, such as a fundraiser, or meal discounts on certain days of the week.

As a hotel owner, you might branch out and provide conference or special event facilities, or transportation options such as specials on limousine services. What Is the Hospitality Industry? About the Author Michelle Reynolds has been writing about business, careers and art since She is an artist and promotes the arts and other artists through ElegantArtisan.The global hotel industry revenue is predicted to reach $ billion US dollars in The industry revenue was worth $ billion US dollars in , which showcases an increase in revenue of.

Globalization in Hospitality Industry In many countries, wheretourism has become a major export industry, the hospitality sector is the focal point for concepts of globalization to take root.

While the global hospitality industry continues to recover following the effects of the terrorist attacks of September 11, , SARS, the war on terrorism in Afghanistan, and the war in Iraq, global uncertainty remains a major concern.

Published: Mon, 5 Dec Globalisation is a key issue for the hospitality industry. Identify and critique up to three impacts of globalisation on the hospitality industry and discuss strategies that hotel companies may implement to address globalisation.

Hospitality industry is closely related to tourism. By the advent of global crisis, it's easy to figure out that tourism industry is down. So, relating to that, one can say ho spitality industry also suffers.

The growth trajectory for the global hospitality industry in and beyond is deeply rooted in innovation, investment discipline and organizational culture. In the.

Hospitality - Wikipedia