Hospitality and tourism are one of the most exciting and enticing industries to work in. The hospitality and tourism industry is a broader part of the service-oriented industry that covers restaurants, bars, hotels, travel, airlines, cruises, lounges, and relevant companies. Additionally, the perks of hospitality work are more colorful than in most other career paths. That’s why many individuals opt for hospitality careers.
According to the US Bureau of Labor Statistics, about 13.13 million people in the US are working in the hospitality industry alone. The 2021 Statista report shows that about 1.17 million people work in Canada’s accommodation and food services industry. Travel opportunities, diverse job opportunities, various perks, and vibrant teamwork make the hospitality industry attractive to prospective hoteliers or hotel workers.
In this article, we will delve into how the hospitality industry functions. So, let’s start with the basics.
What is the hospitality industry?
An economy consists of a variety of industries to stimulate and grow a nation. Hospitality is one of those that plays a significant role in developing a country. Tourists from different countries are a substantial source for earning foreign exchange. Their foreign currency is a meaningful way to contribute to the nation’s economy. In fact, it is a vast industry in every country across the globe. The hospitality industry creates a host of new jobs, such as guides, cab drivers, bar owners, hotel managers, managers, tour planners, tour organizers, restaurant owners, etc.
In a nutshell, the hospitality industry is designed to provide luxurious services and satisfactory experiences for a cost. The hospitality industry entirely depends on customers with free time and willingness to spend to gain these unique experiences.
Areas of the hospitality industry
The hospitality industry depends on other relevant sectors, such as events and tourism, to function smoothly and create memories for its consumers. Still, the hospitality industry is segmented into three different components. Let’s take a quick look at these.
1. Accommodation
Lodging comes into play when a customer travels to a new place to attend an event or explore. Hotels, motels, zostels, inns, all-suites, boutique hotels, and room services are examples of accommodation.
2. Food and beverage
When travelers go to a new place, they are most excited about the unique cuisines the location offers. Travelers enjoy dining at fancy restaurants and cultural sites to experience something unusual than the regular ones. Bars, restaurants, and food chains sum up the hospitality industry.
3. Travel and tourism
People who want to travel somewhere on the earth will first plan their itinerary. They will also choose between roadways, airways, or waterways to reach their destination. Flights, trains, cruises, ships, cabs, and all modes of transportation used to travel come under travel and tourism.
Star categorization of the hotel
The hotel industry is based on the level of stars. The rating is given on a scale of 1 to 5. Here, 1 stands for the lowest standard, and 5 is the highest service level. Star level helps customers to classify hotels based on their quality and services.
Need a course?
Students looking for a stellar hospitality career can enroll in a hospitality and management course in a reputed management school in Canada to launch a career in this fastest-growing industry. Apply now!
