Have you ever stayed at a hotel, flown on a plane, or ate at a restaurant? Then you have experienced the hospitality industry. The hospitality industry is a broad group of businesses that provides services to customers. The industry is focused on the satisfaction of customers and providing specific experiences for them. This industry is unique because it relies so heavily on discretionary income and free time. When you went on a vacation you had free time, and had saved extra money to make the trip. You did not necessarily need to go on the trip, which is why the hospitality industry is very different from other industries. We will take a look at the different areas of the hospitality industry, including the strong focus on customers and levels of service provided, as well as the economics of the industry.
The hospitality industry in a multi billion-dollar industry that has many different areas. The first area of the hospitality industry is the accommodations area, which is the most common. This area includes hotels, motels, bed and breakfasts, and any other lodging businesses. Most people associate the hospitality industry with hotels. The next area of the hospitality industry is the food and beverage area. This area includes restaurants, fast food chains, and any establishment that provides food and beverage. These restaurants can sometimes be located in hotels or can be a stand alone restaurants. The last area of the hospitality industry is the travel and tourism area. This is an area that sometimes is not considered part of the hospitality industry. This area includes airlines, trains, and cruise ships. The hospitality industry is made up of many different kinds of businesses that provide a variety of services to their customers.