The Economic Importance Of The Hospitality Industry
Introduction
The hospitality industry is by far one of the largest sectors in the world.
The hospitality industry covers a wide range of organizations offering food services and accommodation.
Hotels, Motels and hostels are categorized as part of the lodging industry where accommodation and food services are both covered.
History of Hospitality
The hospitality industry go’s all the way back in the Colonial Period in the 1700’s. There has been a bit changes since then, the hospitality industry mastered great progress over the years, it has dealt with World Wars, Depressions and many social changes. As we know the Industry took action in 1950’s and 60’s, for better growth making way into the dynamic industry, which is famous today.
Hospitality
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Owners and workers of hotels are very motivated to ensure satisfaction for all the travelers and tourists.
The word “Philosophy” origin from Greece and its meaning is “love” or “wisdom”.
Management in which employees are encourage to contribute ideas towards the industry. It is an industrial democracy. The hospitality industry is now a days a way of live. Like Marriot Hotels mission is to ensure the travelers, the clients and the colony. The Economic Importance of the Hospitality Industry.
The hospitality industry is developing very fast and is responsible for almost 10% of the planets (Gross Domestic Product) (GDP) which represents the financial value of all goods and services produced within a nation’s geographic borders over a specified period of time. In the last centuries the industries importance is a development of a powerful business. According to the hospitality industry it is undergoing a continuous change worldwide upgrade, its developing in several cultures.
Hospitality is being embraced at local, national and worldwide extend. An indicator of economic growth prophesy through to “International Monetary Fund” plus extending shall circulate irregular. Growing nations (6.4%) and (2.2%) for developed nations. Hospitality industry consist of different succeeding hotels plus restaurants are one of many origin for financial
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Lounges.
Usually hotels present the lounge section nearby the reception close to the coffee shop.
Room service.
The food and beverages shall be sended to the customer’s room on demand.
Characteristics of the Hotel Grading System.
Hotel Star ratings is a common popular valued measuring plus will consider just extensive principles determining the hotels common excellence, amenities plus consumer fulfilment ratings isn’t meant being flawlessly accurate critiques. Every amenities or services that the resort contribute are not automatically indicated as star ratings.
Five star-Exceptional.
Five-star hotels is featuring the finest in magnificence services, location, fine dining and elegant menu’s plus famous chefs, with outstanding availability plus comfort.
Four star-Superior.
Four-star hotels consist of excellent accommodations, marvelous restaurants, fine dining, bars, and lounges and complete room service. Valet-parking, fitness center plus spas.
Three star-First class.
Three-star hotels is reformed for more sizeable guest rooms and standard amenities, great dining services on-site, normally pools plus fitness center, well-laid lobbies, plus variable room
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