HOSPITALITY MANAGEMENT

Hospitality Management

Hospitality Management

Hospitality Industry

The hospitality industry has been given due importance nowadays, these are for profit, private the government hospitals, not for profit institutions, which have been, established to facilitate the public. In the hospitality industry it is important to have a formal structure for the project as well as for the project staff, this structure will help an individual to understand the clear view of the project, as well as it will help staff to understand their responsibility and their assignments, so it will become easy for the staff to achieve their project objectives and goals (Fenich, 2007). The business of hospitality is related to the distinct but almost related industries, which includes restaurant industry and hotel industry. Bramwell and Rawding state that “The term hospitality includes larger system of companies it includes food, transportation, cruise, theme park, travel and real estate industries”. The traditional value proposition of hospitality has been expanded to a variety of services and entertainment offering. Hospitality refers to the relationship between consumers and companies.

Current Structure of the Hospitality Industry

The current structure of the hospitality industry is quite complex, with five different components. The first component includes the ownership of business itself, the single-unit companies have been owned by the independent entrepreneurs. Whether the multinational companies have a mixed ownership structure or they are partnership based companies. The second component includes a brand it is owned by a business associated with each location, usually the brands are owned by a central corporate entity, or it is licensed for a specific period of time under an agreement or a franchise (Downward and Merman, 2004). The third component includes daily operations of the hotel all the operations are being managed by the management of the company, while the local franchises are managed by the third party management company under the agreement. The fourth component includes the real state of each location, which includes both building and land. Leasing is most common in the restaurant industry, because in mostly in the hotel industry they emphasize on branding and on other operating activities (Welch, 1994).

Hospitality Business Management

Governments should promote a legal framework for labour issues in tourist accommodation and hospitality that guarantees uniform practice of decent and productive work, adapted to the supply and demand characteristics of the facilities included in the concept of hospitality and catering, in conformity with the situation in each country. There has also been significant growth in tourist numbers in Hospitality business (Connell, 2006). Workforce trends and ageing populations require progressive workforce development strategies, enhancing the skills, motivation and working conditions of existing employees. Hospitality and tourism industry is one of the largest industries in the global economy today, it has shown some resilience compared to other sectors since the economic and financial crisis, after several years of consecutive growth up to mid-2008 (Baha'is, 2002).

The industry has faced major challenges since the last two years, in the global economy. The impact of the crisis has been variable, with some regions performing far better ...