Preview

hospitality scope size and diversity

Satisfactory Essays
Open Document
Open Document
933 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
hospitality scope size and diversity
Unit 1: The hospitality Industry
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

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Essay Rough Draft

    • 572 Words
    • 2 Pages

    The fast­food industry is known to serve millions of hungry customers per day, but the…

    • 572 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Examples of primary providers or the Commercial Sector in the Hospitality Industry .. pages 2 to 3…

    • 7211 Words
    • 29 Pages
    Powerful Essays
  • Good Essays

    Hospitality Provision

    • 957 Words
    • 4 Pages

    Task 1: Understand the role of the hospitality industry within the travel and tourism sector.…

    • 957 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The restaurant and foodservice industry is a powerhouse that has the ability to connect with other industries. With it employing over 13.1 million Americans, its impact and influence on the economy is significant. The overall restaurant and foodservice industry made up over $600 billion in sales in 2010, in the US alone, with over 960,000 locations as referenced in the article. It has since seen an increase of 3.5 % year over year or $632 billion in 2012. The projected sales for 2013 are $660.5 billion. The total restaurant industry sales are 4% of the US gross domestic product (GDP). With all that has been stated, it should come as no surprise that there continues to be positive trading volume within the restaurant sector.…

    • 1416 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    This study uses ratio analysis to examine salient financial trends within four major sectors of the hospitality industry for the 1997-2001 period – namely lodging, restaurants, airlines and the amusement sectors. Cross-sectional analysis results indicate that at least for the test period, eight out of thirteen financial ratios were statistically different across the four hospitality segments. As such, financial trends and cross sectional anomalies within the examined hospitality industry segments are better understood.…

    • 7095 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    The hospitality industry seems to be varied. We can see a lot of different hospitality or hospitality related businesses restaurants , hotels , pubs, different travel agencies.These businesses are all focusing on different target.These organisations can be categorised in so many ways.It can be private or national.Private ones usually are owned by a person or family like a small restaurant or panzio.National usually are owned by a chain and hundreds or thousands of businesses belongs to the chain .These are very known businesses and they all look…

    • 3515 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    The Hospitality industry in the UK is among the broadest and varied industry with a variety of organizations…

    • 1099 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Savoy

    • 2011 Words
    • 8 Pages

    UK Hospitality sector covers 14 industries from hotels and restaurants to events, gambling and travel…

    • 2011 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Long Beach Resort

    • 1075 Words
    • 5 Pages

    Hotel industry is one of the primary and leading industry in the service sector nowadays…

    • 1075 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    HR Issues

    • 3152 Words
    • 10 Pages

    Talking in regard with the growth of the industry, the stagnant nature of limited investments in the hospitality industry over the past few years has changed significantly. Investors globally have amassed an appetite for new deals, leading to an increase in capital markets activity. Asian investors dominated global hotel transactions in 2013 and are expected to repeat their high level of activity in 2014 (hospitalitynet.org). The sector’s total contribution in the GDP rose from US$ 88.1 billion in 2007 to US$ 115.5 billion in 2012, and was projected at US$ 136.3 billion in 2013. (Refer Appendix 1). This is evidence that the hospitality industry is fast growing industry with huge investments pouring in Asia, thus leading to higher demand of human resource personnel. If necessary measures to recruit appropriate skilled staff are not taken, and faltering in the retention of the same, the hospitality industry at large will start to collapse due to labor shortages and high turnovers. According to an article issued on the Association of Human Resources Managers’ website, one of the most notable…

    • 3152 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    The importance of the UK tourism industry to the UK economy is often busy, yet it is the UK’s fifth largest industry and contributes £115bn to the UK economy. It has also been one of the rapidly growing sectors of the British economy over the past 20 years and employs around 2.6m people – around 8% of the total UK workforce.…

    • 324 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    As the fast expansion in economy of Asia-Pacific, the hospitality industry has a bright perspective in this region. Especially in China, the hospitality industry during the past 30 years is a prime example of how the nation’s economy has also sharply developed.…

    • 936 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    hospitality

    • 2068 Words
    • 9 Pages

    Creating Jobs in Britain – A Hospitality Economy Proposition (A Report by the British Hospitality Association, November 2010)…

    • 2068 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    staff turnover

    • 436 Words
    • 2 Pages

    It is always going to higher in retail catering when compared to banking, because a high percentage of staff in coffee shops and restaurants are students or travellers, taking short-term positions in order to earn before moving on.…

    • 436 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Tourism Essay

    • 4153 Words
    • 13 Pages

    industry in 2010 and tourism employs 56% of the total labour force1. Steady growth in tourism…

    • 4153 Words
    • 13 Pages
    Best Essays