The main aim of this report is to give a brief explanation of the hospitality industry in UK along with its size, scope and variety in order to influence the panel of potential investors to purchase the food industry. My personal management agency firm was asked to produce a formal statement focussing around the foreign entrepreneurs to help them to make a decision whether to get or not in particular sector of the market for the approaching London 2012 Olympic games. It can provide all of them a brief information of different title styles, supervision styles and organisational framework of a number of different sectors with the hospitality industry. Moreover, it will likewise provide the depth analysis of current styles, issues and up to date developments within the industry. You will find different sectors in the hospitality industry just like hotels, restaurants, clubs and bars, deal catering, casinos etc . This sector that I am going to concentrate is the holiday accommodation sector i actually. e. resort and I was presenting the ideas that we have made while carrying out the research. INDEX
Business SummaryвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦2 Meaning of hospitality industryвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦4 Scale, opportunity and diversityвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦... 5 Organisational StructureвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦.. 6 Contemporary issuesвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦7 Changes in previous 20 yearsвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦... 8 Current trendsвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦9 ConclusionвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. 9 BibliographyвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. 10 Meaning of hospitality industry
Hospitality sector is a very wide industry. It is far from always easy to define the hospitality market. There are diverse criteria of defining it. One of the ways of defining hospitality industry is to use Standard Professional Classification (SIC) which was founded in British isles in 1948. вЂќIt identified the hospitality industry beneath the 1968 classification, as Organizations (whether or perhaps not certified for someone buy of envigorating liquors) offering meals, mild refreshments, beverage or accommodationвЂќ. (Jones, 2002). Hospitality industry is described asвЂќ resort, motels, inns or such businesses that gives transitional or perhaps short-term hotels, with or perhaps without meals. вЂќ(Businessdictionary. com). Both meanings suggest that hospitality industry is a industry which provides food and accommodation for the guest. Hospitality industry comprises of two unique services- supply of over night accommodation for people staying away from house, and the supply of sustenance for people eating away from home or not preparing their own foods. вЂќ (Jones, 2002). " British Food: Trends & Developments 2010 which was published today provides revealed that, in spite of the recession, the united kingdom hotel industry is ongoing to expand, with above 10, 400 rooms starting in 2010 and a further 43, 000 prepared for the time 2011-2015. вЂќ(British Hospitality Connection, 14/11/2010). The hotel sector is thriving every year. Moreover, the traveler coming to great britain especially Greater london is never preventing. вЂќThe amount spent by overseas visitors to the UK flower by 15. 9% during July 2010 to ВЈ1. 96b, compared with ВЈ1. 69b during the same month of 2009, according to the Government's most current Overseas Travel and leisure and Travel figures. The amount of overseas sessions to the UK increased by simply 4. 9% to 3. twenty four million during this period, compared with three or more. 1 mil in September 2010. вЂќ(Caterersearch. com). By looking at the statistics above we could say that it really is secure and safe to invest in the hotel sector. There are various groups in the holiday accommodation where entrepreneur can commit. They can invest in different types of string hotels, organization and seminar hotel, price range hotels, boutique hotels, motels, lodges etc . They can buy the existing property or develop hotels by themselves. If they invest in sequence and well-known hotels they could save the time and money for the advertisements and promotions. Price range hotels are usually getting popular nowadays as a result of low throw away income. People want to spend less money and get good facilities and service. Additionally, they can...