Author: ISABELLE JACQUIAUD - BAE1

INTERNATIONAL HOSPITALITY BUSINESS
SM103U

ASSESSMENT B: Individual Essay
Discuss the significance of the hospitality industry to the regional, national and global economies.
Describe, with clear reference to a range of sources, how the hospitality industry may be classified into different sub sectors.
Choose one sector of the industry from your classification above: * Demonstrate how your chosen area contributes to the hospitality industry as a whole. * Discuss some of the major players and their contribution to this sector. * Present data to support your research. * Discuss two major features that are of current importance to this sector.

Tutor: M. ROLFE PARTRIDGE
Submission date: Thursday January 21st 2010

The most important service sector: The Hospitality Industry
According to www.hometravelagency.com/dictionary/hospitality-industry.html (2010) the hospitality industry includes restaurant, food services, hotel, entertainment sectors and resort industry. It is a dynamic sector through the development of people’s mobility worldwide. It is a large and diverse sector at different levels and, also it offers unlimited financial potential but unpredictable. First of all tourism and hospitality is important for pleasure, gastronomy and travel have become essential for modern society. People want to work in order to be able to pay vacations and holidays where and how they want. Moreover, the hospitality industry is representative of the culture of each country, which can then be expressed and identified through this industry. The hospitality industry is especially important in the economy at global, national and regional levels.

Globally, the hospitality industry is significant for the economy because it is interdependent with other industries. Agreements are made between tourism and other local businesses as with airlines agencies, car rentals, museums, local attractions. The hospitality industry