Contemporary Hospitality Industry Assignment Example | Topics and Well Written Essays - 3000 words

Contemporary Hospitality Industry - Assignment Example retentivity with the intensive development along with continuous success experienced by the global cordial reception industry, the primary focus of this report is to provide an in-depth understanding regarding the sure industrial trends on the basis of its typography, structure, ownership guidelines and other essential factors. The discussion hereafter also in integrateds adequate information associated with the operational areas, professional bodies, required educational skills along with a critical analysis of the external environmental factors of the global hospitality industry.Hospitality, can be defined as a well-built corporate establishment that ensures to provide meals, refreshments along with accommodation facilities as services in terms of mutual benefits for both the clients and the organization as well. In general, the concept of hospitality industry can also be termed as an effective blend of tangible and non-tangi ble products and/or services in order to meet the desired expectations of the clients who ordinarily comprise tourists. It basically incorporates three core categories including food, accommodation and refreshments (National College of Business Administration, 2009). The dimension serving food and beverage in the hospitality industry tends to incorporate restaurants, pubs and night-clubs among others. Similarly, the grand numbers of resorts and hotels can be considered as the accommodation categories in the respective industry. According to the recent developments of different products and/or services, the services provided through the travel and touristry companies can also be regarded as a major division of the hospitality industry that empowers the competitive position of the global hospitality industry. As apparent, the organizations in thecontemporary hospitality industry includes various types of ownership structures ranging from the government or publicly owned proprietors hips, joint ventures, partnerships and franchises among others.