THE SIZE, SCOPE AND DIVERSITY OF HOSPITALITY INDUSTRY
The scope of the hospitality industry refers to the range of businesses that provide services and facilities. The hospitality economy is one of the country’s key industries with huge growth prospects in jobs. In employment terms, restaurant are easily the largest sector, closely followed by a pubs, bars and club with the hotel sector growing more slowly, and the contract food service sector holding steady .
ECONOMIC PERFORMANCE
The restaurant industry produces the most income which is not as profitable as other industries
The Industry employs over 1.8-2.4 million people.
It is estimated that the industry will require 30,000 to 35,000 trained people at management and supervisory level year on year.
The canteen and contract catering or contract food service sectors had also shown a strong growth.
Estimated 400,000 jobs in hotels and related services.
1.26m jobs in restaurant.
75,000 contracts catering and in-hours catering jobs.
20,000 jobs in event management
The restaurant industries produce the most income which is not useful to other industries when staff and other fixed costs are taken into consideration, £47.53 contributed for each hour worked. £121.44 per hour in gambling industry and the most profitable of all whole travel services make £102.74 per hour then followed by pubs, bars and nightclubs at £80.89.
Four UK nations increased contributing to the economy particularly in Scotland and wales. The hospitality industry highlights the latest figures, 3.2 – 3.1 percent is the overall proportion in this nation.
In 2009 – 2010 the number of businesses increased to 3% which contributed to economic contribution in all industries while travel service decreased to 8% .events is the only industry to see an increase 3% in the number of businesses.
The hospitality industry had continued to dominate the sector which has 89% of the workforce. 43% for hotels, holiday