Nobody downloaded yet

Current Scale, Scope and Diversity of the Hospitality Industry - Assignment Example

Comments (0) Cite this document
This paper "Current Scale, Scope and Diversity of the Hospitality Industry" focuses on the hospitality industry of any country which is extremely important, because it mainly caters to tourists and plays a vital part in shaping up their perception of the country. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Current Scale, Scope and Diversity of the Hospitality Industry
Read TextPreview

Extract of sample "Current Scale, Scope and Diversity of the Hospitality Industry"

Download file to see previous pages The scope of the hospitality industry consists of businesses, like entertainment, food and accommodation. Under hospitality industry, a tourist is facilitated, as they are taken to theme parks, they are provided with transportation, and event planning services. The reason why hospitality industry is called a diverse industry is that they offer diverse services, for example, accommodation and entertainment are diverse fields. Moreover, the hotel industry offers diversification, because of the different types of job opportunities it creates. In a hotel industry, there are caterers working to provide food and beverages for the hotel guests. Then there is the management of the hotel, which consists of a human resource manager, operations manager, staff manager, kitchen workers, porters, bartenders and housekeepers. There are people who are responsible for managing entertainment for the guests, which can be in shape of a karaoke night, gaming arena, or a concert. Another important aspect of this diversity is the marketing manager of the hotel, which looks after attracting tourists towards their hotel and making sure that they reach a wide audience.
There are different management roles in a hospitality industry, which are compulsory to run an effective hotel. The management functions of a hospitality industry include asset management, staff management, risk management, business management, logistics, financial management and statutory compliance. To train for these roles, the skills set needs to be strong and the qualifications need to be well integrated. If an employee is in business management, then he would need an MBA degree, to better understand his department; MBA is also known to be a benchmark, for management roles at a senior level. Moreover, if an employee is applying for Chief Financial Officer, then they need to have knowledge of preparing budgets for the hotel, making financial statements, managing the payroll of employees, making invoices and payments to suppliers and doing bank reconciliations, because these are the responsibilities of a CFO.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Current Scale, Scope and Diversity of the Hospitality Industry Assignment”, n.d.)
Current Scale, Scope and Diversity of the Hospitality Industry Assignment. Retrieved from
(Current Scale, Scope and Diversity of the Hospitality Industry Assignment)
Current Scale, Scope and Diversity of the Hospitality Industry Assignment.
“Current Scale, Scope and Diversity of the Hospitality Industry Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Current Scale, Scope and Diversity of the Hospitality Industry

Hospitality Current

...? Problems Faced By Hospitality Industry The hospitality industry forms a significant part of traveling, hotel and tourism industries all over the world. The industry offers basic care and accommodation to the customers upon their use of the complimentary services. Currently, the hospitality industry is facing boom in the business, which is the result of increased global trade that has necessitated traveling. However, there are a number of challenges that hinder the otherwise rapid growth of the industry. This paper will discuss the current challenges...
3 Pages(750 words)Essay

The Contemporary Hospitality Industry

...growth in the tours and travel industry facilitated the overall growth of the hospitality sector. Hence, it is evident that presently hospitality industry operates on a large scale and scope and along with that encompasses a huge diversity (Brownell, 2009). Figure 1 – Hospitality Industry share (Source: Sykes, 2011) The diagram above clearly shows that the industry is presently witnessing a steady growth and it is expected that in the next few years the rate of growth will actually double. Analysts predict that if the tours and travelling industry grows,...
10 Pages(2500 words)Assignment

Current Issue in Hospitality

...Running Head: CURRENT ISSUE IN HOSPITALITY Current Issue in Hospitality s Current Issue in Hospitality Introduction By changing the drinking age society will have fewer problems with underage drinking, and young adults will have fewer problems with underage drinking. Additionally, this law remains unfair to these young adults who have all the other responsibilities of being an adult, yet don't have the privilege of drinking. With the legal age currently at 21, many downsides are being seen and many people are beginning to question the practice of this law. Drinking alcohol under age is often seen as rebelliousness...
10 Pages(2500 words)Essay

Career in Hospitality Industry

...Career in Hospitality industry The financial crisis had impact on almost each and every industry worldwide. Out of all these, one of the least affected is the hospitality industry. What ever the area we see, tourism, hotels, restaurants, etc., there is no major damage seen. Hospitality industry is an interesting field to make a career, with direct customer interactions, huge growth potential, good compensation, etc. Out of all the areas of the hospitality industry, amusement parks are one of the most popular among the people, irrespective of the age group. Amusement parks or Theme parks...
4 Pages(1000 words)Essay

International Hospitality Industry

...Running Head: SHRM AND INTERNATIONAL HOSPITALITY INDUSTRY SHRM and International Hospitality Industry of Institution] SHRM And International Hospitality Industry In order to critically evaluate the notion that the literature on strategic human resource management is of little value in understanding the international hospitality industry one has to study the literature available on the topic in details. Literature distinguishing between personnel management and strategic human resource management (SHRM) has been advanced. Normative models have suggested that by being more strategic about human...
15 Pages(3750 words)Essay

Risk Management - Hospitality Industry

...Business expansion Risk Analysis of hospitality industry Every business entity when initiated will have inherited risk inthem as it has to reach the costumers expectations and has to place itself in a competitive environment or it has to create a market demand to its new product to be launched. With out perceiving the risk of venturing into new market arenas the purpose of making profitability does not arise. All organizations will face some kind of risk proportions in their daily activities of their operations as the sectors demands a standard or particular norms and expectations to be met. The risk is inherited with the unexplored option which may turn in to organization benefit or it may...
12 Pages(3000 words)Essay

Culture diversity in Chinese hospitality industry

...GLOBALIZATION AND CULTURE DIVERSITY IN CHINESE HOSPITALITY INDUSTRY d GLOBALIZATION AND CULTURE DIVERSITY IN CHINESE HOSPITALITY INDUSTRY INTRODUCTION With the change in communication dynamics due to the rapid technological advancement of communication means, distances have become shorter and the world has become a ‘global village’ (Goyal, Van Der Leij and Moraga-Gonz\alez, 2006). This means that the interdependencies amongst countries have also increased, reviving many industries and introducing new business avenues all together (Keohane and Nye Jr, 1998). This paper will shed light on the globalization phenomenon, its...
10 Pages(2500 words)Essay

Current Scope of the Hospitality Industry

...Current Scale, Scope and Diversity of the Hospitality Industry Over the period of time, hospitality has really expanded at the global as well as at the local level. The continued growth of the industry in UK and other parts of the globe clearly suggests that industry has been able to achieve global acceptance across different regions. The term hospitality as a generic term has gained popularity recently and now it covers a range of services and businesses which are categorized under the hospitality industry despite fundamental...
12 Pages(3000 words)Assignment

Hospitality industry

...include indoor attractions and sporting activities. Advancement in transport Many forms of transportation are available for visitors who want to move from place to place. Similarly, the development of shipping has made it easy for visitors to travel along the beaches and see what it offers. However, the current charges should be revised by lowering the cost to motivate more people to travel. So far, the advancement in transport is worth recognizing in Bournemouth. How hotels and accommodation in Bournemouth meet the needs of visitors To achieve customer satisfaction is the most important thing in the hospitality industry. Giving them accommodation and warm reception is vital for their...
4 Pages(1000 words)Assignment

Hospitality industry

...determine widely the profit margins in the tourism industry (Page 2011). It also encourages innovation and product differentiation. Advantages of vertical integration are the reduction of the prices for the tourist and continue supply of the customers. Its disadvantage is it leads to monopoly power, and one can have less economy of scale. The advantage of the horizontal integration is that the economy of scale can be achieved by producing and selling variety of the destinations. Its disadvantage is that it’s an ordinary commodity thus no expertise from other commodities. 3.4 Describe the Purpose and Responsibilities of a Tour Guide Tour guides are responsible for showing tourists...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Current Scale, Scope and Diversity of the Hospitality Industry for FREE!

Contact Us