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The Hospitality Industry

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Submitted By Andreacooper
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The main aim of this report is to provide a brief description of the hospitality industry in UK along with its size, scope and diversity in order to convince the panel of potential investors to invest in the hospitality industry. My management consultancy firm was asked to produce a formal report focussing on the foreign business people to help them to decide whether to invest or not in particular sector of the industry for the coming London 2012 Olympic games. It will provide them a brief description of different ownership styles, management styles as well as organisational structure of several different sectors of the hospitality industry. Moreover, it will also provide the detail analysis of current trends, issues and recent developments within the industry. There are different sectors in the hospitality industry like hotels, restaurants, clubs and bars, contract catering, casinos etc. The particular sector that I am going to focus is the accommodation sector i.e. hotel and I am presenting the ideas that i have generated while doing the research.
INDEX
PAGE
Executive Summary…………………………………………2
Definition of hospitality industry……………………………4
Scale, scope and diversity…………………………………...5
Organisational Structure……………………………………..6
Contemporary issues…………………………………………7
Changes in last 20 years……………………………………...8
Current trends…………………………………………………9
Conclusion…………………………………………………….9
Bibliography………………………………………………….10
Definition of hospitality industry
Hospitality industry is a very broad industry. It is not always easy to define the hospitality industry. There are different criteria of defining it. One of the ways of defining hospitality industry is by using Standard Industrial Classification (SIC) which was founded in United Kingdom in 1948.”It defined the hospitality industry under the 1968 classification, as Establishments (whether or not licensed for the sale of

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